CSK Securities Research Announces Investment Opinion on Global Axcess Corp.: CSK Securities Research Initiates Strong Buy Rating on Global Axcess Corp.Business Editors NOTE TO EDITORS: The following is an investment opinion issued CSK CSK see chronic superficial keratitis. Securities Research NOVATO, Calif.--(BUSINESS WIRE)--June 27, 2001 CSK Securities Research, a registered investment adviser and a boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. research firm, announced today that it has initiated coverage of Global Axcess Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GLXS.OB) with a strong buy recommendation. Global Axcess is a new publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. that is effecting a roll-up in the highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. non-bank ATM (Automated Teller Machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. ) industry. The research report said that the company's roll-up strategy was exceptionally timely since there are more than 200 small ATM networks meeting the company's target acquisition criteria. There are an estimated 200,000 non-bank ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. in the U.S. representing less than a 50 percent market saturation In economics, "market saturation" is a term used to describe a situation in which a product has become diffused (distributed) within a market; the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology. . Global Axcess intends to leverage its proprietary technology, economies of scale and industry knowledge to capture a substantial share of the non-bank ATM market. "We believe GLXS's acquisition and consolidation strategy is compelling because of its simplicity and opportunity for an attractive evaluation," said Christina Skousen, director of research at CSK Securities Research. GLXS revenues are generated on a per transaction basis at the ATM providing a recession-proof revenue model with long-range predictability because of its long-term site location contracts. GLXS is also an ATM processor with a proprietary state-of-the-art, sophisticated family of ATM management software products. As an ATM processor, GLXS has the ability to control the ATM highway system, or cash flow in its network. When cash is withdrawn from an ATM in their network, they control the flow and receive the cash back within 24 hours. This is very unique as most ATM companies are not processors and do not handle the network cash flow. A copy of the report is available via e-mail by contacting Christina Skousen at tinaskousen@linkline.com. About CSK Securities Research CSK Securities Research, a registered investment adviser in California, publishes stock research reports on under-followed public companies for investors, brokerage and investment banking firms. CSK tailors its comprehensive research reports to provide straight-forward analysis with the pertinent, yet concise, facts needed to evaluate stocks. It does this by preparing reports that highlight the key aspects of each company and its industry both positive and negative. CSK Research specializes in new or up-and-coming companies that have been over-looked by Wall Street analysts. CSK looks for companies that will participate in and profit from the many new changes, which are taking place in the world today. Through interviews with the company's management, CSK acquires an understanding of the company's products and services to determine the company's future prospects and how that company will manage its growth. CSK uses several criteria to determine the company's future potential, including its earnings growth potential, stock price, valuation at current price levels, industry sector, the company's "story," and the competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. of its management. About Global Axcess Global Axcess is a leading provider of complete non-banking ATM network consumer and financial products and services nationwide. The company is headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . For more information about Global Axcess Corp. visit the company's Web site at www.global-axcess.com. Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the & Disclosure The statements contained in this press release and in the research report referenced herein (the "report") are the opinion of CSK Securities Research ("CSK") and were derived from company information, interviews with management, information available to the public and other sources believed reliable. However, CSK does not represent that the report contains all materials facts, nor does it guarantee its accuracy. In addition, there can be no assurance of disinterestedness dis·in·ter·est·ed adj. 1. Free of bias and self-interest; impartial: "disinterested scientific opinion on fluorides in the water supply" Ellen R. Shell. 2. . CSK, its affiliates, officers, directors or employees may make purchases or sales of these securities when the report is in circulation. CSK has received cash compensation in the amount of $7,500 from Pacifica Financial Group for preparing the report. The report is for informational purposes only and should not be construed as being a recommendation either to buy or to sell the securities of the company discussed therein. These securities may be speculative and not appropriate for all investors. Any opinions and/or projections expressed herein or in the report are solely those of CSK and are subject to change without notice. Any projections or estimates in the report may assume certain economic and industry conditions and parameters subject to change. Any investment opportunity contained in the report contains a high degree of risk and prospective investors are encouraged to review in detail the Company's Prospectus and/or other documents on file with the Securities and Exchange Commission for additional information. We recommend investors contemplating purchase or sale of these or any securities also consult with their stockbroker Stockbroker 1. An agent that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The firm that acts as an agent for a customer, charging the customer a commission for its services. or other qualified investment professional. |
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