HOUSTON, June 3, 2004 (PRIMEZONE) -- Cardtronics, Inc. ("Cardtronics"), announced today that it entered into a definitive agreement to acquire the ATM business from E*TRADE Access, Inc., a subsidiary of E*TRADE FINANCIAL. The transaction includes approximately 13,100 active ATMs and related placement agreements, of which 2,300 are owned and 10,800 are managed.
The acquisition brings the number of ATM machines Cardtronics owns and/or manages from 12,000 to approximately 25,000. The agreement contains customary closing conditions. When completed, the acquisition will represent Cardtronics' largest to date. The corporate and independent retail relationships acquired by Cardtronics in this transaction are consistent with its long-term business strategy.
About Cardtronics
Founded in 1989 and headquartered in Houston, Texas, Cardtronics has a network of over 12,000 ATM's operating in all 50 states. Major retail and petroleum merchant-clients include Amerada Hess, Circle K, Duane Reade, ExxonMobil, Mills Malls, Sunoco, Walgreens and Winn Dixie. For more information about Cardtronics, visit http://www.cardtronics.com./
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
The Cardtronics logo is available at http://www.primezone.com/newsroom/prs/?pkgid=991