CATM Cardtronics PLC

DENVER, July 29 /PRNewswire/ -- As the only company in the ATM services market able to deliver both ATM maintenance and cash management services on a nationwide scale, Pendum LLC has embarked on a strategic transformation to successfully provide the 'Value of One' to its customers. At the core of its 'Value of One' strategy, Pendum is building an organization and a business model that creates value for its customers by improving ATM uptime and reducing ATM management costs. Over the past seven months, the company has made significant strides to elevate the customer experience and is well positioned for long-term, profitable growth. With the backing of Bayside Capital, a private equity firm which, along with affiliates, manages more than $7.5 billion, Pendum continues to upgrade its operational capabilities and aggressively invest in resources to improve responsiveness, increase ATM uptime and create network efficiencies for its customer base. To date, Bayside has invested more than $10 million in a state-of-the-art technician training center, a world-class call center, an enhanced parts distribution process, new security, routing and scheduling systems and fleet expansions, among other improvements. "The business process changes and growth initiatives spearheaded by Pendum's new leadership team have driven significant gains in operational execution and customer satisfaction," said Sean Ozbolt, Managing Director, Bayside Capital. "Using best practices from a variety of industries, our management partners have taken a fresh approach to the ATM services market and have transformed Pendum into a more nimble, technology-driven company." The 'Value of One' strategy has been validated by an expanded, five-year agreement with Cardtronics, Inc. (NASDAQ:CATM), the world's largest non-bank operator of ATMs. "Operating an efficient and profitable network of ATMs requires many moving parts, but by partnering with Pendum, we are able to simplify and streamline our ATM management process," said Michael Clinard, President, Global Services, Cardtronics. "We have seen significant progress as it relates to their combined field service and armored transport operations; and are encouraged by the number of improvements taking place. We look forward to broadening our relationship in a way that leverages Pendum's industry-leading capabilities." "Our customers' success is our success," said Jim Campbell, Chief Executive Officer, Pendum. "With the 'Value of One' strategy, we are able to meet the needs of our existing customers and are well positioned for future growth." About Pendum LLC As the only company in the ATM services market able to deliver both ATM maintenance and cash management services on a nationwide scale, Pendum LLC delivers the 'Value of One' to national and community banks, credit unions, and independent ATM service providers. By focusing on improving uptime, increasing efficiencies and enhancing the end-user experience, Pendum is able to reduce the cost and simplify the management of ATM networks for its customers. The Company provides 'The Value of One' to more than 1,400 customers in 42 states. For more information, please visit http://www.pendum.com/. http://www.newscom.com/cgi-bin/prnh/20061004/DAW008LOGO http://photoarchive.ap.org/ DATASOURCE: Pendum LLC CONTACT: Abigail Walker, Director, Communications of Pendum LLC, +1-303-889-1252, Web Site: http://www.pendum.com/

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