National Equipment Providers, LLC Purchases 1,000 Siemens Nixdorf ATMs in a Multimillion Dollar Strategic Partnership Alliance for Nationwide Deployment into U.S. Retail Market.AUSTIN, Texas--(BUSINESS WIRE)--Dec. 1, 1999-- Siemens Nixdorf See Fujitsu Siemens. today announced the sale of 1,000 ProCash Compact ATMs to National Equipment Providers, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (NEP NEP: see New Economic Policy. ), a nationwide developer of turnkey business Turnkey Business A situation where the high level management of a firm is in charge of the planning and execution of all business strategy. The client, who buys a franchise or part of the business, only has to "turn the key" for the operation to start. solutions based on ATM technology. NEP, as a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. , provides ATM equipment, applications, and services for independent business owner/operators. The systems will be deployed primarily to grocery and convenience store sites nationwide. NEP has a management agreement with International Technology Systems, Inc. (ITS) to manage, install, service and perform 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. for the ATMs. The first sites of these sites are to be installed in December. "Advertising is a key component to our business strategy and the larger screens , combined with LCD/TFT technology and the superior color graphics The ability to display graphic images in colors. presentation capabilities of the Siemens Nixdorf ATM screens make them exceptionally well-qualified for in-store advertising and vouchers," said Chris Millar, Managing Director of NEP. "The resolution on these screens is the quality of photographs as compared with the cartoon-like quality available on other systems evaluated." "The Siemens Nixdorf ProCash ATM products are based on the Windows NT operating system and WOSA/XFS standards. This provides the ability to enhance revenue with advanced advertising functionality such as full motion video and e-commerce applications," explains Scott Hackl, Siemens Nixdorf Vice President of Banking Sales. "Our thermal printer facilitates the dispensing of alternate media such as coupon advertising. We believe that NEP is well poised with this product to set the standard in their market." According to Jim According to Jim is an American situation comedy television series originally broadcast by ABC. The show premiered with little publicity in October 2001, following the surprise hit comedy My Wife and Kids. Smotherman, head of the Alabama Grocers Association, "Statistics show that up to 20% of the money taken out of an ATM is spent in the store. In addition, we believe that there is great potential for advertised items and coupons dispensed by the ATM to be used in the store creating more demand and increased business for our members." "The exceptional software distribution capabilities available on the Siemens Nixdorf product are ideal to support our plans to quickly deliver advertising and other advanced services demanded by this market," according to Chris Millar of NEP. "The ProCash systems also support Internet and e-commerce solutions such as ticketing and gift certificates. These superior features help us to fulfill the objectives in our aggressive business plan and take advantage of the strong alliances we put in place to move forward into key markets nationwide." Siemens Nixdorf Siemens Nixdorf Retail and Banking Systems is the fastest growing provider of IT products and solutions for the retail and banking industries. World-class offerings include professional services, application software, hardware and on-site support. Worldwide, Siemens Nixdorf is the fourth largest provider of 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. and the third largest provider of point-of-sale systems. Employing more than 3,400 people, Siemens Nixdorf operates in 40 countries around the world with manufacturing plants in both Germany and Singapore. North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters are in Austin, Texas. Siemens Nixdorf can be reached on the web at http://www.SiemensNixdorf-USA.com. Effective October 1, 1999, an investment partnership led by Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. agreed to purchase Siemens Nixdorf from its parent, Siemens AG. Pending regulatory approval, the company plans to begin operating independently as Wincor Nixdorf before the end of the year subject to antitrust approvals and certain other conditions. National Equipment Providers, LLC (NEP) NEP is a privately held limited liability company headquartered in Ashland, Oregon. Their strategic plan calls for development of turnkey product solutions for ATMs and Cash Ticketing Machines. The plan is supported by key agreements with management and service providers such as, International Technology Systems, Inc. (ITS), and with SPA Marketing, LLC a third-party nationwide independent sales and marketing organization of over 1,000 experienced personnel. |
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