Article: Equitex Subsidiary Chex Services Receives Termination Notice for Seminole Tribe of Florida Cash Services Contract.

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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