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Article: AMT SUBSIDIARY SIGNS 10 YEAR AUTOMATED TELLER MACHINE AGREEMENT
- Article from:
- PR Newswire
- Article date:
- March 9, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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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HOUSTON, March 9 /PRNewswire/ -- AMT Industries, Inc. (Nasdaq: AMTI), today announced the completion of two significant agreements between its wholly-owned subsidiary, AnyCard International, Inc. and Affiliated Computer Services, Inc. ("ACS") (Nasdaq: ACS) regarding AnyCard(TM) automated teller machines. Under the agreements, ACS is granted a ten year exclusivity for signal processing services, subject to their purchase of a minimum of 1800 AnyCard(TM) systems during the next two years and up to an additional 1200 systems per year for the remaining eight years.
AnyCard International, Inc. has sold approximately 1,000 systems since introduction of its innovative ...