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Non-Tech : ATM Capitol

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To: Silver_Bullet who started this subject6/17/2003 11:55:51 PM
From: Silver_Bullet   of 1
 
Business Update.

I spoke with Lewis today, one of the two majority owners of the business and this is a recap of the big stuff.

6,300,000 shares outstanding

$2.4 Million in Revenues (FY02)

$700,000 in Profits

300 machines installed and operating at this time.

Just signed recently with Longs Drug stores to install 400 ATMS. Expected 6 months to install all of them. They were in San Diego this past week installing 12 or so.

They have switched into growth mode now that they have reached critical mass as far as cash levels go and think they can get close to 2500 machines running in a couple years.

FT
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