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To: BubbaFred who wrote (21021)	5/22/1998 11:50:00 PM
From: Y2k_fan	Respond to of 34592

ATSM, with a PE < 10, how much you can lose? Friday May 22, 1:48 pm Eastern Time Company Press Release SOURCE: ATS Money Systems, Inc. ATS Money Systems, Inc. Announces Stock Repurchase Plan ENGLEWOOD, N.J., May 22 /PRNewswire/ -- ATS Money Systems, Inc. (OTC Bulletin Board: ATSM - news) today announced that its Board of Directors has authorized the Company to repurchase up to 500,000 shares of its Common Stock in open market transactions in accordance with Securities Exchange Act of 1934 Rule lOb-18. Purchases will be made from time to time at the discretion of management, depending on share prices and then existing market conditions. As of May 22, 1998, the Company had approximately 5.8 million shares of Common Stock outstanding, of which approximately 40% were held by directors and executive officers. Gerard F. Murphy, the Company's President and Chief Executive Officer, commented that ''the Board of Directors believes that the Company's Common Stock is undervalued and current market conditions offer the Company an appropriate opportunity to repurchase the Company's Common Stock with its excess available cash resources. ATS Money Systems, Inc., with its consolidated wholly owned subsidiary, Innovative Electronics, Incorporated, is engaged in the development, sale and service of currency counting systems and equipment for department and chain stores' cash offices and bank commercial vaults and of specialized information communications systems primarily used by chain stores. The Company's customers are businesses that handle a large number of cash, check and credit transactions on a daily basis, such as banks, department stores and chain stores. SOURCE: ATS Money Systems, Inc.