Cardtronics Completes Acquisition of Access to Money
November 01 2011 - 4:35PM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM
owner, today announced it has completed its previously announced
acquisition of Access to Money, Inc., a leading operator of
merchant-owned ATMs and provider of cash machines to two major
multi-unit retailers.
"People make the difference in any corporate acquisition
integration, and Cardtronics is in the enviable position of this
business combination bringing over a number of seasoned industry
professionals from Access to Money. Accordingly, we anticipate an
efficient and seamless integration of Access to Money's
operations," said Steve Rathgaber, chief executive officer,
Cardtronics. "We look forward to continuing our strong history of
ATM up-time excellence, dedicated customer relations, and
harvesting operational synergies for the benefit of clients both
newly acquired and existing, as well as our shareholders."
Cardtronics will be hosting its third quarter earnings
conference call on November 7, 2011, and at that time, will provide
updated financial guidance for 2011, inclusive of the expected
contribution from this acquisition.
About Cardtronics
(Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and
live their lives, Cardtronics is at the convergence of retailers,
financial institutions, prepaid card programs and the customers
they share. Cardtronics owns/operates more than 41,900 retail ATMs
in U.S. and international locales. Whether Cardtronics is driving
foot traffic for America's most relevant retailers, enhancing ATM
brand presence for card issuers or expanding card holders'
surcharge-free cash access on the local, national or global scene,
Cardtronics is convenient access to cash, when and where consumers
need it. Cardtronics is where cash meets commerce.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991
Cardtronics, Allpoint and Access to Money are
registered trademarks of Cardtronics, Inc.
All other trademarks are the property of their
respective owners.
CONTACT: Cardtronics - Media
Nick Pappathopoulos
Director - Public Relations
832-308-4396
npappathopoulos@cardtronics.com
Cardtronics - Investors
Chris Brewster
Chief Financial Officer
832-308-4128
cbrewster@cardtronics.com
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