ATMs Cut the Cord to Local Phone Companies; NexTran Group Provides Less Costly Internet Connections at Three Times the Speed of Dial-up

Business Wire, Oct 21, 2005

SOUTH HACKENSACK, N.J. -- The days of tapping your foot and waiting for an ATM to spit out your cash may just about be over.

NexTran Group, LLC has introduced a new communications product for ATMs that provides reliable and fast ATM connections using a simple Internet protocol called IP, or wireless connections.

The new product, sold by NexTran Group's processing company, Innobeta Systems, can reduce costs by 30 percent and process transactions three times faster, say customers who have used the product.

"We're no longer at the mercy of local phone companies," said Tom Ronalo, president of ATM Cash World, a leading Pittsburgh-based ATM seller and installer. "In addition to significantly reducing our monthly expenses, ATM installations are easier and we save about $300 per install."

The Innobeta product, the Transexpress 4000, enables standard dial-up ATMs to send transactions using IP, said Eric Park, president of Innobeta. "The solution requires no change to existing ATMs," he explained.

Park called Transexpress 4000 the "ideal choice" for ATM operators who provide mobile ATMs for such events as fairs, concerts, and other temporary locations.

About Transexpress 4000

The Transexpress 4000 is an Innobeta-certified device that enables standard dial-up ATMs to send transactions using Internet protocol. The package includes handsets, minutes and necessary hardware. Internet connectivity is provided through Transaction Network Services, Inc. (TNS), Verizon and Nextel.

About NexTran Group, LLC

The NexTran Group, LLC is a diversified portfolio of affiliate companies covering the financial services, security, and Internet market segments. These affiliates include NexTran Industries, Inc., a manufacturer and distributor of automated teller machines, or ATMs; Innobeta Systems, Inc., a processors of ATM transactions; Money Marketing, Inc. a sales and service support company for ATM deployers and independent sales organizations; Bio Security Technology LLC, a distributor of access control devices for home and business; and, iNextNet, a distributor of public Internet and wireless services.

About Innobeta Systems, Inc.

Innobeta Systems, Inc. provides transaction processing and ATM terminal driving services for financial institutions and independent sales organizations. Innobeta provides connectivity for ATMs to most national and regional financial networks via direct connects or gateways. Innobeta utilizes secure Web-based communications to allow for real-time monitoring of transaction traffic. This provides the ability to manage data in real time, increasing security and providing a better toolset for managing data. The Innobeta platform is an open architecture that allows continuous availability, hardware independence and transaction security.