EXPU NEWS POSTED:
Expert Group, Inc Heats Up Florida's ATM Market
Marketwire "Press Releases"
MIAMI, FL -- (MARKET WIRE) -- 03/08/11 --
Expert Group, Inc. (PINKSHEETS: EXPU) continues to grow its ATM fleet at fast rates. The company sees a business opportunity in the fact that Americans are still using a lot of cash, despite banks' efforts to convince people to use more online banking instead of the more ATM channel.
Florida is among the states with the highest average volume of cash withdrawals in the USA. Two months after its debut in South Florida, Expert Group, Inc entered the ATM market through its subsidiary Expert Financing, Inc -- and in the process broke 1000 ATM Transactions. Expert is projecting to break 10,000 transactions within the next 60 days.
Up to date Expert has been Installing 5 ATMs a week and plans to reach 1000 Automated Teller Machines throughout South Florida.
Expert's ATMs can be found in Hotels, Parking Garages, Restaurants, Lounges and many high traffic areas in Miami Beach. We plan to expand our services in other cities in the near future.
"Just one year ago, 100 percent of Expert's revenues were generated through mortgage banking; today we are providing more complete financial services and have diversified into Title Services and ATM placement to further offer our customers a more complete packing of financial services," said Robert Rico. "Now that our personal ATM banking is a fast-growing contributor to Expert's overall revenue stream, our customers will be able to look forward to more and more outlets for banking convenience. We will advertise throughout our ATM's our financial services. Our goal is to reach over 1000 ATMs by 4th quarter 2012."
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