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EXPU NEWS Expert Group, Inc Announces Agreement to Install ATMs With South Beach Group Hotels
Expert Group, Inc. (USOTC:EXPU)
Intraday Stock Chart
Today : Thursday 10 February 2011


Expert Group, Inc. (PINKSHEETS: EXPU) announced today that it has begun to install automated teller machines (ATMs) in all of South Beach Group hotels.
Expert Group, Inc is installing 12 ATMs. The project includes the supply, implementation and support of 12 ATMs.

"Fifty percent of the delivery is finalized," says Robert Rico. The companies have installed 6 of the 12 ATMs. The remaining 6 are being installed and will be completed by February 2011.

The project is expected to generate about USD $100,000 in fee income for 2011.

The company has also commenced negotiation to potentially buy out a competitor. The target acquisition has a portfolio of over 35 ATMs installed throughout Miami Beach. If agreed this acquisition generated over $130,000 in fees in 2010.

We will update on the negotiations soon.

Expert Group, Inc.