Global Axcess Corp. Adds Directors and CFO.

Business Editors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 17, 2001

Global Axcess Corp. (OTCBB:GLXS) today announced that it is expanding its board of directors to add two independent directors.

The company has seven directorships available, of which three are currently occupied. The company said it is also consolidating its Orange County and San Diego offices in the Orange County, Calif. area, and plans to expand its transaction processing facility in Florida.

Richard Wray, formerly a director and chief executive officer is leaving the company in connection with the relocation of its principal office to Orange County. Two new independent directors will be joining the company this month to fill the vacancy left by Wray, and a new position of chief financial officer has been established.

Daryl Idler, general counsel for the company, said today: "We have taken the initial step in preparing the company to list its shares on the Nasdaq Stock Market system. We intend to expand our board to increase its depth of experience in ATM management and processing, off-site check cashing, and other financial transaction processing. We have also restructured the reporting and management functions to support our expected growth in size and transactions."

"Mr. Mike Dodak, who currently serves as CEO of Nationwide Money Services, the company's Florida-based wholly-owned subsidiary, also serves as president and COO of Global Axcess Corp. and the position of chief executive officer has been eliminated," said Idler.

Joining the board will be Richard O. Weed, a securities lawyer in Orange County. CardServices International, a subsidiary of First Data Corp. and one of the company's largest shareholders, has indicated that it will be nominating its board member sometime during the month of October. In addition to Weed joining the company's board, Leonard Roman has joined the company as its chief financial officer.

Weed is a partner in the law firm Weed & Co. in Newport Beach. Weed & Co. provides advice on capital formation, business strategy and legal matters on a special project basis. Weed is known for using analytical firepower, creative problem solving and resourceful implementation to assist clients. Weed's abilities are the result of his association with prominent law firms in California and Texas and graduate business education.

Weed received a Master of Business Administration -- International Management in 1992 from the University of Southern California, Juris Doctor in 1987 from St. Mary's University School of Law, and Bachelor of Business Administration -- International Business in 1984 from The University of Texas at Austin. Weed is a member of the State Bar of California and State Bar of Texas.

Roman has 30 years of diversified public and private business management experience with fast growth companies. Since 1997, Roman has been providing restructuring and consulting services and in connection with such services has served as a director and chief financial officer of various public and privately held companies. He is a CPA with a B.S. degree from St. John's University.

Additionally, according to Idler, the company is in final negotiations on continuing acquisitions and is continuing talks with other individuals from the financial industry to complete its board.

Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to competitive factors, the ability to obtain necessary capital and financing, economic conditions and other risks and uncertainties which the company urges investors to consider.