Access To Money, Inc. (AEMI) SEC Filing 10-Q Quarterly report for the period ending Thursday, September 30, 2010

Access To Money, Inc.

CIK: 749254 Ticker: AEMI
Exhibit 99.1

Company Contact:
Richard Stern, President & CEO

Investor Contact:
Porter, LeVay & Rose, Inc.
Linda Decker, Vice President


– Achieves 12th Straight Quarter of Positive EBITDA –

– Conference Call to be held November 12, 2010 at 11:00 a.m. EST –

CHERRY HILL, NJ, November 12, 2010 – Access to Money, Inc. (OTC BB: AEMI), one of the largest providers and non-bank operators of ATMs in the United States, reports its financial results for the third quarter ended September 30, 2010.

Highlights for the Third Quarter 2010:
Net sales for third quarter 2010 were $6.9 million compared to $8.0 million in the third quarter of 2009
Operating income for the third quarter 2010 was $647,000 compared to $1.1 million in the third quarter of 2009
Cost of sales improved to $4.0 million from $4.1 million in the third quarter of 2009
Selling, general and administrative expenses improved to $2.3 million from $2.8 million in the  third quarter of 2009
Net loss for the third quarter 2010 was $729,000, or ($0.03) per basic share, compared to a net loss of $2.6 million or ($0.12) per share for the same period 2009.  Net loss for the quarter was impacted by a $3.1 million change in the (gain/loss) in warrant value between the periods.  Excluding the non-cash (gain/loss) on warrant value and loss on debt extinguishment, the net loss for the third quarter 2010 would have been $421,000 or ($0.02) per basic share
Adjusted EBITDA was $1.2 million compared with $1.7 million in the third quarter 2009
Transaction-based sales were $19.7 million for the quarter compared with $21.8 million in the corresponding period in 2009
Average gross sale per withdrawal transaction was $2.44 for the quarter compared with $2.47 a year ago
Average commission per withdrawal transaction for the third quarter was $1.77 compared with $1.73 during last year's comparable period
Average net sale per withdrawal was $0.67 compared to $0.74 a year ago
Average number of transacting machines at the end of the quarter was 10,747 compared with an average of 11,233 as of September 30, 2009

The following information was filed by Access To Money, Inc. (AEMI) on Friday, November 12, 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.

View differences made from one quarter to another to evaluate Access To Money, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Access To Money, Inc..


Assess how Access To Money, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

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


SEC Filing Tools
Ticker: AEMI
CIK: 749254
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-10-059257
Submitted to the SEC: Fri Nov 12 2010 6:44:04 AM EST
Accepted by the SEC: Fri Nov 12 2010
Period: Thursday, September 30, 2010
Industry: Personal Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: