HOUSTON, Jan. 31, 2008 (PRIME NEWSWIRE) -- Safeway Inc., one of the largest food and drug retailers in North America, has entered into a multi-year agreement with Cardtronics, Inc. (Nasdaq:CATM) under which Cardtronics will provide comprehensive ATM services in approximately 650 Safeway locations. Under the terms of the agreement, Cardtronics will provide a complete cash management, maintenance, customer service, monitoring and processing solution. The program is expected to be operational during the first quarter of 2008.
"Safeway is a recognized retail leader in the food and drug space. As a valued Cardtronics customer, Safeway can fully leverage the economies of scale and operational expertise Cardtronics has developed as the world's largest ATM deployer to better serve Safeway customers every day," said Brian Archer, Cardtronics' EVP of Sales. "Cardtronics' nationwide presence, processing capabilities, and robust customer service platform allow Cardtronics to provide leading retailers, such as Safeway, with a cohesive solution for their ATM needs."
About Cardtronics
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the world's largest owner/operator of ATMs. Cardtronics operates over 31,600 ATMs across its portfolio with ATMs in every major U.S. market as well as approximately 2,000 ATMs throughout the UK and over 1,000 ATMs in Mexico. Major merchant-clients include 7-Eleven(r), A&P(r), Chevron(r), Costco(r), CVS(r)/pharmacy, Duane Reade(r), ExxonMobil(r), Hess Corporation(r), Rite Aid(r), Safeway(r), Sunoco(r), Target(r), and Walgreens(r). The company's common stock is traded on NASDAQ under the symbol CATM. For more information about Cardtronics, please visit www.cardtronics.com.
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About Safeway
Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,738 stores in the United States and Canada and had annual sales of $40.2 billion in 2006. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.