Today Money Centers of America (OTC Bulletin Board: MCAM) announced that it has been selected by three casinos to provide its unique cash access solutions, which not only increase dollars on the gaming floor, but also enhance customer satisfaction and loyalty. In addition, Money Centers of America's wholly owned subsidiary, Available Money, signed a contract to provide ATM services to an entertainment venue in California. Money Centers of America will provide a broad range of solutions to the casinos to increase cash on the gaming floor, including ATM machines, MasterCard/Visa/Discover Card Quasi-Cash Advances, POS debit transactions, and check guarantee services.
Two of the casinos are located in the Caribbean Islands, with the third located in Southeastern United States. These casinos are located in important new markets for Money Centers of America and further extend the company's geographic reach.
Chris Wolfington, Chairman and President of Money Centers of America, said, "Money Centers of America has focused in 2006 on enhancing our marketing efforts and letting the world know that our cash access solutions drive more dollars to the bottom line for the casino industry. The new business wins that we are announcing today indicate that those efforts are beginning to bear fruit. I'm especially encouraged that the contracts we announced today represent wins in an entirely new geographic region for us -- the Caribbean and Southeastern United States -- which are regions where the gaming industry is expanding exponentially."
Wolfington continued, "Our new business pipeline today is as full as it has ever been, and I am confident that today's announcement represents the first stage in generating a return on our sales and marketing investment." Wolfington said, "The contracts we won today also indicate the inherent flexibility of our business model. They validate that Money Centers' traditional model continues to appeal to small and midsized casinos. While at the same time Money Centers is appealing to the largest casino operators with our new OnSwitch(TM) transaction management system.
The new relationships will be launched in the second and third quarters of 2006.
About Money Centers of America
Money Centers of America, Inc. provides cash access and OnSwitch(TM) transaction management systems for the gaming industry, utilizing a customer- centric approach that is aimed at leveraging technology, generating value, and creating measurable results in profitability, customer satisfaction and loyalty. For a complete corporate profile on Money Centers of America, Inc., please visit our corporate website at http://www.moneycenters.com .
Safe Harbor
All statements in this document that are not historical are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Money Centers of America's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Money Centers of America's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled "Factors that May Affect Future Results and Financial Condition" in Money Centers of America's annual report on Form 10-K for the year ended December 31, 2005. Money Centers of America expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this document.
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