Posts Tagged ‘ATM Machines’

ASX Company News: Ezeatm Enters Joint Venture With MuzzBuzz Franchising

Thursday, January 19th, 2012

Ezeatm Limited (EZA) is pleased to announce it has signed a heads of agreement to enter into a joint venture agreement with Australia’s leading drive-thru coffee business Muzz Buzz Franchising Ltd. The heads of agreement will see both parties form a joint venture to install Muzz Buzz Money Machine branded ATMs at selected Muzz Buzz drive-thru locations across Australia. The first branded ATMs will be installed in April 2012 before being progressively rolled out across the 45+ Muzz Buzz franchise network which operates throughout Queensland, Victoria, South Australia and Western Australia.

Ezeatm Director, Chad Zani is proud to announce this new exciting growth opportunity. “Muzz Buzz and Ezeatm are dynamic Western Australian based companies and the joint venture is an exciting opportunity. We are in the convenience industry and giving customers the convenience of a drive-thru ATM at these locations is a perfect fit for both businesses”, said, Mr Zani. Muzz Buzz executive chairman Warren Reynolds described the opportunity as an exciting step forward for the Muzz Buzz brand.

www.ezeatm.com.au

http://www.traderdealer.com.au/fundamentals/eza

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ASX Company News: Ezeatm Acquires iCash Payment Systems ATM Network

Friday, December 2nd, 2011

Ezeatm Limited (EZA) is pleased to announce it has agreed to acquire the Australian ATM network of iCash Payment Systems Limited (ICP) for $16 mil. The network operates over 1,600 ATMs with 1,000 owned and operated by iCash and a further 600 owned and operated by third party deployers. As part of the acquisition, Ezeatm will acquire iCash’s wholly owned subsidiary which

holds iCash’s ATMs and the underlying contracts with each merchant and switching contracts in place with each independent deployer. Ezeatm is not assuming any employee or premises obligations, and does not expect its fixed operating costs and overheads to materially change as a result of the acquisition. The acquisition will increase the annualised number of transactions on the Ezeatm network from 1,000,000+ to 10,000,000+ transactions per year, with a combined annual EBITDA of $5mil1. The acquisition of the network will be immediately EPS accretive and will be funded by way of a placement to raise between $8mil and $10mil, debt funding and existing cash reserves. Ezeatm is also negotiating a distribution agreement for the iCash range of products in Australia, with an intended commitment to purchase 2,000 ATMs over a five year period.

In announcing the acquisition of the ATM network from iCash, Mr Todd Zani, Ezeatm’s Chief Executive Officer said “This deal is a major step in our national expansion strategy and determination to become the largest independent ATM deployer in Australia. The size and flexibility of the combined business and relationship with iCash enables an aggressive approach to growth opportunities.”

www.ezeatm.com.au

http://www.traderdealer.com.au/fundamentals/eza

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ASX Company News: Customers To Supply ATMs At Coles

Friday, November 11th, 2011

Customers Limited (CUS) announced an agreement with Coles to provide a full managed service across more than 400 ATMs in Coles Express service stations and convenience stores. The agreement, which followed a competitive tender process, is for a five-year term. Securing this agreement solidifies Customers’ expansion into the outsourced managed ATM services space, providing the company with incremental annuity revenue and further diversifying existing transaction-based revenue streams. Customers will provide ATM hardware and software, ongoing maintenance, cash servicing, branding and 24-hour technical support to Coles Express.

Customers Managing Director Tim Wildash said the agreement was a significant endorsement of the company and its service offering.  “Securing an agreement of this scale with one of our country’s largest and most successful retailers shows just how competitive we are and will continue to be in this space. This demonstrates our capabilities in managed services for both the financial institutions and the corporate sectors,” Mr Wildash said. “Globally recognised state-of-the-art equipment from our partner, Nautilus Hyosung, combined with our scale, unmatched nationwide resources and experience allows us to offer major retailers and financial institutions in Australia a fully customised and advanced solution. “We’re looking forward to working with Coles and providing their customers with the latest in convenience ATMs, ensuring fast, safe and reliable access to cash when they need it.”

Customers will be installing Nautilus Hyosung’s leading bank-style ATMs combined with Kalignite software at Coles Express sites. Kalignite software will enable advanced functionality and personalised service to be delivered directly to Coles Express customers. Under the agreement, Customers will upgrade existing Coles Express ATM facilities, and will be installing ATMs at Coles Express sites that do not currently have ATM facilities. All ATMs as part of the deal will be branded in Coles Express livery and the installation program will run into mid-2012. The capital expenditure required by Customers to perform the contract will be entirely funded from existing credit lines. As this is incremental revenue Customers expects it to be EPS enhancing from year one.

Customers ATM  (CUS) and operator of Australia’s largest fleet of ATMs. The company’s ATMs are contracted to merchants across Australia. The company operates ATMs for Bank of Queensland, whilst also carrying a range of bank brands on selected terminals, including Bendigo Bank, Citibank and Arab Bank of Australia, as well as its own brands. Customers is recognised as a leading independent owner and deployer of ATMs and the company is quality certified to ISO 9001.

www.customersatm.com.au

http://www.traderdealer.com.au/fundamentals/cus

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ASX Company News: Customers Expands ATMs In Australia

Wednesday, August 10th, 2011

Customers (CUS) expands its Australian ATM fleet through the acquisition of 124 merchant sites from Aussie ATM, part of MyATM Holdings Limited.

In announcing the acquisition of sites from MyATM, Customers Managing Director Tim Wildash said the transaction further cemented the company’s position as Australia’s leading independent ATM provider. “As the largest operator in our sector,  Customers is the logical suitor for acquisitions of this nature, particularly during the current economic environment, given our balance sheet strength and the opportunity to utilise our scale benefits to enhance the profitability of these fleets,” Mr Wildash said. Mr Wildash added: “Customers has assessed a number of other opportunities in the market and will continue to evaluate these as they arise. We will pursue only those acquisitions that are fairly priced and make strategic sense for the company and which will, particularly when combined with our existing businesses, create value for shareholders.”

As part of the acquisition, Customers has acquired the underlying contract with the merchant at each site only. The existing ATMs at those sites will be removed by MyATM and replaced with ATMs supplied by Customers. Accordingly, Customers will not become subject to obligations owed to third party investors.

www.customers.com.au

http://www.traderdealer.com.au/fundamentals/cus

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ASX Company News: Transaction Solutions To Provide 100 ATMS In India

Thursday, July 28th, 2011

The Directors of Transaction Solutions International Ltd (TSN) are pleased to announce that TSI India has successfully concluded negotiations with Tamilnad Mercantile Bank for the deployment of a further 100 ATMs. The placement of the ATMs will be both within the bank’s branches, as well as selected sites within close proximity to existing TMB branch locations. This is the third agreement TSI and TMB have signed since 2007 which maintains TSI as the exclusive ATM deployers for TMB. At the completion of this latest deployment, TSI shall own and manage over 250 in-branch and near branch ATMs for this bank alone. All the ATMs will be bank branded. Further, TSI is in advanced discussions with TMB for the outright purchase of 50 ATMs owned by the bank. Should TSI be successful it will own and manage 100% of the bank’s ATM network.

Founded in 2005, TSI’s business is a rapidly growing bank ATM deployment and e-transaction financial services business based in India. Operational in India since 2006 the Company now has in excess of 500 ATMs fully operational and further contracts for another 200 ATMs to be installed. The Company’s business model is to build recurring revenue through the deployment of ATMs on behalf of major banks in India. In addition TSI has contracts to service the financial payments sector through automation of bill payment processes, in a market that is migrating from paper based to electronic transactions. TSI owns, manages and operates its financial hardware and systems, in return for a fee per transaction.

www.tsiplc.com

http://www.traderdealer.com.au/Fundamentals/TSN

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ASX Company News: Customers Enters Five Year Agreement With Bank Of Queensland

Sunday, June 19th, 2011

Customers Limited (CUS), Australia’s leading owner/operator of ATMs,  announced a five-year agreement with Bank of Queensland Limited (BOQ) to provide a full ATM managed service to the bank across more than 400 terminals. The agreement, which followed a competitive tender process, will see ATM Solutions Australasia Pty Ltd (a wholly owned subsidiary of Customers Limited) manage a core fleet of around 100 BOQ off-branch ATMs throughout Australia as part of the rediATM network. In addition to the off-branch locations, the agreement also provides for more than 300 terminals within Customers’ existing fleet to transfer to a fully outsourced model with BOQ. As a result, Customers will receive predictable monthly revenue on these terminals for the next five years, replacing their current transaction-based revenue. Under the agreement, Customers will deliver a fully outsourced managed service, including ATM hardware, software, maintenance, cash servicing and 24-hour technical support, with all terminals to carry the rediATM brand.

The agreement represents one of the largest ATM asset expansions by an Australian financial institution in several years. BOQ and rediATM’s 8 million cardholders will now have even greater access to direct charge free ATMs in more convenient locations across Australia. The agreement is anticipated to produce aggregate incremental uplift in earnings before interest, taxes, depreciation and amortisation (EBITDA) for Customers of between $5 million – $6 million over the five-year period.

Customers Managing Director, Tim Wildash, said the agreement was a landmark event for the company in its diversification into the direct provision and operation of financial institution ATMs and services, whilst providing for fixed annuity-style service revenues to the company. “As a fundamental plank of Customers’ growth strategy, we announced a partnership with Nautilus Hyosung just over 18 months ago that was focused at creating a unique value proposition to financial institutions. This proposition aims to help drive the future landscape of Customers’ growth and of ATM service and provision for Australia’s financial institutions. “Today’s announcement represents the first major milestone in our diversification and growth journey, and most importantly recognition of the competitive offering that Customers is able to provide to Australia’s main financial institutions and their cardholders.

www.boq.com.au

http://www.traderdealer.com.au/fundamentals/boq

www.customersatm.com.au

http://www.traderdealer.com.au/fundamentals/cus

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ASX Company News: GRG International Enters US Distribution Agreements

Tuesday, May 31st, 2011

ATM company GRG International Limited (GRG) has entered into agreements with two new US distribution partners; ValueTec Financial Equipment LLC and American Bank Equipment. Both will provide regional sales and support coverage for GRG ATMs and related banking products. The exclusive agreement with ValueTec Financial Equipment LLC gives GRG ATM sales, marketing and service rights to Valutec in Arizona, Colorado and Wyoming. ValueTec has more than 20 years of financial equipment experience and has sold ATM products to more than 500 financial institutions across seven states. The exclusive agreement with American Bank Equipment gives GRG coverage to American Bank Equipment in Missouri, Kentucky and Ohio. American Bank Equipment has a trusted reputation for sales and service of financial equipment throughout the world and has a large inventory and knowledgeable team of technicians.

GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China. GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzhen Stock Exchange with a $A2.2billion market capitalisation. The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products. GRG International has exclusive rights to distribute GRG ATMs in the United States, Canada, Australia, United Kingdom and Ireland and non exclusive rights to the Mexican, South African and Indian markets.

www.grgatm.com

http://www.traderdealer.com.au/fundamentals/grg

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ASX Company News: GRG International Enters US Joint Venture

Tuesday, April 12th, 2011

ATM company GRG International Limited (GRG) has entered into a national ATM partnership with US-based Talaris Inc to provide national field service coverage on all GRG ATMs and related banking products sold in the United States. It provides full USA nationwide service technicians, supports aggressive sales program to Banks and has access to over 250 field and support technicians. This alliance helps set up GRG to provide high level consistent service and back up as it rolls out ATMs in new US deals. It fits with GRG’s high quality, American Disability Act ( ADA) compliant ATM solutions. Talaris has long been known as a premier provider of installation, field service and technical support for banking products and its expertise will strengthen GRG’s product offerings to US banks and other financial institutions.

GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China. GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG  Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzhen Stock Exchange with a $A2.2billion market capitalisation. The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products. GRG International has exclusive rights to distribute GRG ATMs in the United States, Canada, Australia, United Kingdom

and Ireland and non exclusive rights to the Mexican, South African and Indian markets.

www.grgatm.com

http://www.traderdealer.com.au/fundamentals/grg

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ASX Company News: GRG International To Replace 28 ATMs In Texas

Friday, April 1st, 2011

GRG International Limited (GRG) through its US distribution reseller Universal Money Center (UMC), has signed a new contract to replace 28 existing ATMs at convenience stores throughout west Texas. The GRG E300L model ATMs will be installed over the next 30 days and branded by UMC and a local financial institution. The GRG E300L is a retail cash dispenser that is built with high quality components and its reliability is unmatched.   The E300L complies with all industry standards including; PCI EPP, UL 291 and Triple DES.  As with all ATMs sold by GRG, the design is 100% compliant with the newly adopted ADA (Americans with Disabilities Act) laws.

“This is another step in our strategy to being a recognised supplier to the financial institutes in North America,” said Jeff Barrow, Chairman and Managing Director of GRG International Ltd.

UMC’s corporate headquarters is in Kansas. UMC’s distribution strengths are mainly with small and medium-network ATM management and offers a spectrum of ATM services with a fully redundant data centre. GRG International has its North American headquarters in Pass Christian MS and uses ATMs developed and manufactured by GRG Banking. The company reinvests 6% of all revenues in the world’s largest dedicated R&D centre for ATM technology. GRG International has exclusive rights to distribute GRG Banking ATMs in the US, Canada, Australia, UK and Ireland. It has rights to emerging markets such as Mexico and India. The company operates over 620 ATMs in Australia and has a number of key North American relationships to rapidly increase the ATMs in that market.

GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China. GRG International was founded to distribute GRG Banking products in the main English-speaking markets. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzen Stock Exchange with a $A2.2billion market capitalisation. The company leverages GRG Banking’s resources to design, develop, manufacture and sell ATMs, ATM management software and spare parts without incurring the associated overheads. GRG International will also sell the comprehensive range of other GRG Banking products such as Recyclers, Teller Cash Dispenser, Automatic Depository and Kiosk products. GRG International has exclusive rights to distribute GRG ATMs in the United States, Canada, Australia, United Kingdom and Ireland and non exclusive rights to the Mexican, South African and Indian markets.

www.grgatm.com

http://www.traderdealer.com.au/Fundamentals/grg

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ASX Company News: GRG International To Distribute ATMs In South Africa

Tuesday, March 8th, 2011

ATM company GRG International Limited (GRG), in conjunction with their recent acquisition, the Efunds group, has secured a major supply agreement for ATM sales in Africa with The Standard Bank of South Africa Limited. The Standard Bank of South Africa operates in 17 African countries and the initial supply contract covers all of their regions in Africa.

“This is an important step for GRG International and we are very pleased to have secured this contract. The opportunity was forecasted in the business plan for the Efunds group and we anticipate further strong growth in Africa.” said Chairman Jeff Barrow. GRG International has exclusive rights to distribute China-based GRG Banking ATMs in the US, Canada, Australia, UK and Ireland. It has non exclusive rights to emerging markets such as India, South Africa and Mexico.

GRG operates ATMs in Australia and has key North American relationships to rapidly increase the sales of ATMs in that market. The company now operates 620 ATMs in Australia. GRG Banking is the largest ATM manufacturer in China, one of the largest ATM suppliers in the Asian region and is listed on the Shenzhen Stock Exchange with a $A2.3 billion market capitalisation. The Standard Bank of South Africa Limited has operations in Africa, the Americas, Europe and Pacific. Standard Bank operates in 17 countries across the African continent and a further 15 countries outside of Africa. The group has been a mainstay of South Africa’s financial system for over 145 years and has assets of over US$183 billion. GRG International is in a partnership between Global Cash Services and GRG Banking of Guangzhou, the largest ATM manufacturer in China.

www.grgatm.com

http://www.traderdealer.com.au/Fundamentals/grg

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