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Article: Equitex Subsidiary Chex Services Receives Termination Notice for Seminole Tribe of Florida Cash Services Contract.
- Article from:
- Business Wire
- Article date:
- January 5, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ENGLEWOOD, Colo. & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Jan. 5, 2004
Equitex, Inc. (Nasdaq:EQTX) announced today that its wholly-owned subsidiary, Chex Services, Inc., has received a termination notice from NACSF, Inc. for its contract providing cash access services at five of the Seminole Tribe of Florida Tribal casino properties located throughout Florida. Citing claimed breaches of the five-year contract signed in December 2001, the termination notice required Chex Services to immediately vacate the properties as of midnight eastern time on January 4, 2004.
"This termination came as a complete surprise to us," ...
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Article: Equitex Signs Definitive Agreement for Sale of Subsidiary ...
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... ... common stock to Equitex for all of the outstanding common stock of Chex Services. As part of the agreement, Equitex will distribute ... transactions including the Chex Services/Cash Systems transaction ... the operations of Equitex, its subsidiaries ...
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