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Access To Money, Inc. (AEMI) SEC Filing 10-Q Quarterly report for the period ending Wednesday, March 31, 2010

Access To Money, Inc.

CIK: 749254 Ticker: AEMI
Exhibit 99.1
Company Contact:
Richard Stern, President & CEO
856-414-9100

Investor Contact:
Porter, LeVay & Rose, Inc.
Linda Decker, Vice President
212-564-4700


ACCESS TO MONEY'S ADJUSTED EBITDA FOR 2009 INCREASES 70.9%
YEAR-OVER-YEAR

–Financial Results include Dramatic Improvements in Gross Profit Margins,
Gross Profits, Cash Flow and Reduced Expenses–

–Improvements in Operational Management
and Efficiencies Demonstrate Strength of Business Model–

CHERRY HILL, NJ, March 22, 2010 – Access to Money, Inc. (OTC BB: AEMI), one of the largest providers and non-bank operators of ATMs in the United States, reports a significant increase in Adjusted EBITDA, as defined below, select financial results and other operational metrics for the fourth quarter and full year ended December 31, 2009.

Highlights for the Fourth Quarter 2009
 
 
·
Adjusted EBITDA improved by 30.8% to $1.7 million from $1.3 million in the fourth quarter of 2008
 
 
·
Gross profit increased 14.0% to $3.7 million from $3.2 million during the fourth quarter of 2008
 
 
·
Gross profit margins improved 600 basis points to 53.6% compared to 47.6% during the fourth quarter 2008
 
 
·
Cost of sales decreased 10.3% to $3.2 million from $3.5 million in the fourth quarter of 2008
 
 
·
Transaction-based sales decreased 3.0% to $19.8 million in the current quarter compared to $20.4 million in the fourth quarter of 2008 due to the selective removal of non-profitable ATMs
 
 
·
Average gross sale per withdrawal increased to $2.45 from $2.38 in the fourth quarter of 2008 as a result of merchants increasing surcharge fees rates on ATMs
 
 
·
Average commission per withdrawal transaction remained constant at $1.71
 
 
·
Average net sale per withdrawal increased 121.2% to $0.74 compared to $0.66 during the fourth quarter of 2008
 

The following information was filed by Access To Money, Inc. (AEMI) on Tuesday, March 23, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Access To Money, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Ticker: AEMI
CIK: 749254
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-10-026889
Submitted to the SEC: Thu May 13 2010 4:05:06 PM EST
Accepted by the SEC: Thu May 13 2010
Period: Wednesday, March 31, 2010
Industry: Personal Services

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