HOUSTON, Aug. 10, 2005 (PRIMEZONE) -- Cardtronics, Inc., the world's largest ATM owner/operator is pleased to announce the acquisition of the ATM business of Neo Concepts, Inc., a Chicago-based independent sales organization. The portfolio includes over 360 ATMs located primarily in high traffic BP Amoco stores and an additional 50 ATMs in various independent merchant locations.
In making the announcement, Cardtronics President/CEO Jack Antonini said, "We are pleased to include BP Amoco in our growing list of nationally known merchant-clients. It's a great honor to work with this industry leader and the 50 independent merchants that are a true staple in the petroleum industry. We look forward to providing the same world-class service to these name-brand stores and their customers as we do with the other 25,000 locations throughout the U.S."
Neo Concepts, founded by brothers Jim and John Troy in 2000, has grown steadily to include roughly 80 ATMs in BP Amoco stores in the Chicago area with the additional locations in Colorado, Florida, Georgia, Wisconsin, Indiana, Michigan, New Jersey, New York and Tennessee.
The Troy's built their company through an unwavering commitment to customer satisfaction. According to Neo Concepts' Vice-President/Co-Founder John Troy, "We wanted to be sure that BP and our independent merchants would be served well after the sale and Cardtronics' focus on providing complete ATM solutions made them the best choice."
"The Neo Concepts ATM portfolio adds another significant presence for us in the convenience store venue in the Chicago area as well as the rest of the country," said Brian Archer, EVP, Sales for Cardtronics. Archer went on to say, "This long-term relationship with BP Amoco and our option to install ATMs in new store locations provides a profitable growth model for Cardtronics and BP Amoco as well as a foundation for providing great service for their customers."
About Cardtronics
Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with a nationwide U.S. network of more than 25,000 locations operating in every major market and in all 50 states, as well as in 1,000 locations throughout Great Britain. Major merchant-clients include A&P, Albertson's, Amerada Hess, Barnes & Noble College Bookstores, BP Amoco, Chevron, Costco, CVS/pharmacy, ExxonMobil, Duane Reade, Rite Aid, SSP/Circle K, Sunoco, Target, and Walgreens. Cardtronics also works closely with financial institutions across the U.S. to place their brand on ATMs in these major merchant locations to provide convenient access for the financial institutions' customers as well as to preserve and/or expand their markets. For more information about Cardtronics, visit http://www.cardtronics.com/
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