Replies to post #233929 on SwingTrade Member Forum (SWING)

[Rawnoc]

Hold nose and dive in?

I still gotta do my write-up on GAXC.....been slacking.

Short version -- they have a profitable and consistent ATM business. They are copying CSTR's Red Box with their own version called Insta-flix. Rollout has been pretty good so far for this tiny company. Speculation that it will accelerate and the Insta-flix business will grow and make the whole company much more profitable as each individual Insta-flix, on average, is profitable. Like CSTR's coinstar kiosks, GAXC already has business relationships for their ATMs so they know how to get customers interested in their Insta-flix.

In the mean time, the balance sheet is pretty good and the share price is trading for less than book value and less than tangible book value making the risk/reward ratio a no-brainer long term IMO even if the speculation on the DVD biz fails to bear as much fruit as expected the ATM business alone is worth more than the current share price IMO.

[Rawnoc]

Latest GAXC that's meaningful...

Global Axcess Corp Completes Deployment of DVD Kiosks at Major Grocery Chain
- More than 300 DVD Kiosks Now Deployed and Renting DVDs to Customers -
On Tuesday September 21, 2010, 8:00 am

JACKSONVILLE, Fla., Sept. 21 /PRNewswire/ -- Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that it has completed its deployment of new DVD kiosks with the major grocery chain ("Grocery"), that Global Axcess signed a three-year contract with to initially install 323 DVD kiosk locations. To date, more than 300 new DVD kiosks have been deployed with the grocery chain and are renting DVDs to customers.

In aggregate, across the Global Axcess system, the Company now has approximately 340 DVD kiosks deployed.

"We are encouraged with the early rental volume at this major grocery store chain," commented George McQuain, Chief Executive Officer of Global Axcess. "Although marketing activity is not expected to commence until October, we believe this early rental activity reinforces our cautious optimism that DVD kiosks will generate higher revenue when compared to our ATM business and represent a significant, largely untapped market opportunity for us. We have built extensive experience during this large-scale deployment that will help us in future rollouts. We remain excited about DVD kiosks and expansion potential from both our current ATM client base as well as displacing competitors."

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. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services. Global Axcess Corp currently owns, manages or operates more than 4,900 ATMs and other self-service kiosks in its national network spanning 43 states. For more information on the Company, please visit http://www.globalaxcess.biz. For more information on Nationwide Money Services, please visit http://www.nationwidemoney.com.

Investor Relations Contacts:


Sharon Jackson: 904-395-1149


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Hayden IR:


Brett Maas or Jeff Stanlis: [phone]


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