Global Axcess Corp (OTC Bulletin Board: GAXC) (the "Company" and "GAXC"), an independent provider of self-service kiosk solutions, today announced it has retained Hayden IR ("Hayden"), a national, New York-based investor relations consulting firm, to develop and implement a strategic investor relations campaign.
Mr. George McQuain, Chief Executive Officer of the Company, stated, "I am pleased to announce that we have entered into a consulting agreement with Hayden IR to help us maximize shareholder value. Hayden was selected based on its demonstrated capabilities and excellent references from both customers as well as the investor community. Specifically, Hayden will help us develop, implement, and maintain an ongoing investor relations campaign with the general objective of expanding awareness among stockbrokers, analysts, micro-cap portfolio/fund managers, and market makers. Hayden will implement for us a comprehensive, customized approach which will concisely communicate the performance, strategic vision, reputation, and competitive strengths of GAXC to investors throughout the country. Additionally, Hayden will work directly with us to address any investor concerns and improve perceptions while communicating the key investment thesis for GAXC."
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Mr. Brett Maas, Managing Partner at Hayden IR, stated, "In my opinion, the management of Global Axcess Corp has done a tremendous job of repositioning the enterprise to differentiate it from others in the industry and to set the stage for revenue growth and margin expansion. In each of the last three years, the Company has grown its revenue and generated free cash flow, including 13 cents per share in free cash flow during fiscal 2008. Global Axcess Corp is a profitable, publicly-traded company in the non-bank ATM independent sales organization (ISO) segment of the market, and I believe this financial performance is not reflected in its current share price. As the seventh-largest non-bank, ATM ISO, the Company has established a profitable, fully-integrated growth platform for the ownership, sale, distribution and maintenance of transaction processing businesses. The Company's strategy to leverage the national footprint to become a differentiated provider of self-service kiosks of all kinds throughout the country will, in my opinion, help the Company to achieve consistent growth and premium valuations."
Mr. George McQuain continued, "When deciding upon engaging an outside Investor Relations firm, we felt that Hayden's services would be a natural complement to our in-house IR initiatives. We look forward to a successful and rewarding partnership."
About Global Axcess Corp
Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. Through its wholly owned subsidiary, Nationwide Money Services, Inc. ("NMS"), the Company provides turnkey ATM management solutions that include cash, project and account management services. NMS currently owns, manages or operates approximately 4,300 ATMs in its national network spanning 44 states. For more information on the Company, please visit http://www.globalaxcess.biz.