ATM National Secures Additional Funding; $750,000 Invested by Several Prominent Angel Investors.Business Editors WASHINGTON--(BUSINESS WIRE)--Jan. 24, 2003 ATM National, Inc. today announced that it has received $750,000 in funding from several prominent Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. D.C. and Baltimore-area investors. Investors in this round of financing - the company's third - include Chesapeake Chesapeake, ship Chesapeake, U.S. frigate, famous for her role in the Chesapeake affair (June 22, 1807) and for her battle with the H.M.S. Shannon (June 1, 1813). The Chesapeake left Norfolk, Va. Emerging Opportunities Club, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Roche n. 1. Rock. Capital, LLC; Broadgreen Equities, LLC and several other prominent local investors. ATM National is launching a national surcharge-free ATM network, with 22,000 ATMs across the country, including more than 4,000 locations in the Mid-Atlantic. The network primarily targets financial institutions that seek to expand the level of physical presence and convenience it can offer to its customers. "This investment will allow us to launch our network within the next 90 days," stated Ben Psillas, President of ATM National. He added, "We look forward to working with our strategic partners and the financial institutions already under contract to bring ATM National to the entire marketplace. We believe this network will change the way many financial institutions think about the role an ATM network plays in enhancing its ability to attract and retain customers." Terms of the investment were not disclosed. The company continues to seek additional investments with which to further expand customer acquisition programs and network operations. About ATM National, Inc. ATM National, a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation headquartered in Washington, D.C., provides financial institutions and their customers with a suite of value-added financial service products at the most convenient ATM locations across the country, including surcharge-free transactions. ATM National's executive team and Board of Directors have over 100 years of collective experience in the electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , retail banking, and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. industries. For more information, visit the company's web site at http://www.atmnational.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion