Global ATM supplier NexTran tabs ATM America as a 'Master Distributor'

Business Wire, Feb 21, 2003

Business Editors/High-Tech Writers

SOUTH HACKENSACK, N.J.--(BUSINESS WIRE)--Feb. 21, 2003

Sales Agreement Will Help Build NexTran's U.S. Marketing Channel

NexTran Industries, Inc., a global provider of ATM solutions and technology, today announced completion of a major sales agreement with ATM America, a leading ATM service and sales organization.

Under terms of the agreement, ATM America will commit to the purchase of up to 500 NexTran ATM terminals per year and will receive the designation of NexTran "Master Distributor," according to Tony Park, NexTran senior vice president.

The sale represents a considerable step for NexTran in the building of its U.S. product-distribution channel, said Park, in making the announcement.

"Partnering with ATM America will bring NexTran products to ATMA's extensive network of wholesalers, distributors and retailers," Park said. "These terminals are PC-based, highly adaptable to a variety of operating environments, and offer the highest level of security and reliability."

The ability to provide a wide range of adaptable products will help ATM America meet the demands of its diverse customer base, according to Park.

"Offering NexTran's lineup of next-generation ATMs broadens our spectrum of ATM products," added Al Kelley, ATMA president. "NexTran allows us to offer flexible products that can be used anywhere from mom-and-pop groceries to full-service banks."

About NexTran Industries, Inc.

NexTran Industries, Inc. (www.nextran.net) is a full-service supplier of ATM technology and solutions. A subsidiary of Chungho ComNet Co., Ltd., based in Seoul, South Korea, NexTran provides end-to-end ATM solutions, including hardware, software, installation, training, ATM maintenance and monitoring, processing and customer service.

About ATM America

ATM America, Inc. (www.atmamerica.com) is a nationwide distributor of ATM terminals for a variety of global manufacturers, including NexTran. It offers its customers a variety of services, including sales, leasing, installation, service, processing, and portfolio acquisition and management. It is based in Columbia, South Carolina.