HOUSTON, Oct. 27, 2010 (GLOBE NEWSWIRE) -- Bosselman Inc., a leading owner and operator of convenience stores and travel centers throughout the Midwest, and Cardtronics, Inc. (Nasdaq:CATM) have reached an agreement for Cardtronics to provide ATM services at 24 of Bosselman's 42 Pump & Pantry convenience stores. Located in Nebraska, the Pump & Pantry stores provide consumers with a wide range of convenience products and services.
Under terms of the deal, Bosselman will own and maintain the 24 ATMs, which are being purchased from Cardtronics, while Cardtronics will provide ATM Managed Services, including transaction processing through its company-owned processing network.
"Providing cash to our Pump & Pantry customers is a valuable service they have come to rely on, so when we took a look at our ATM program we knew we needed to work with a superior ATM operator," said Charlie Bosselman, President of Bosselman. "Cardtronics proved it has the systems, capabilities and experience to operate our ATM program at the highest level."
"Cardtronics is proud to be working with Bosselman to provide ATM services at Pump & Pantry locations throughout Nebraska," stated Rick Updyke, President Global Development at Cardtronics. "Pump & Pantry stores are integral components of the communities they serve, and these heavily trafficked locations are perfect venues for ATMs that will provide Bosselman's many customers with convenient access to cash whenever they need it."
About The Bosselman Family of Companies
The Bosselman Family of Companies, headquartered in Grand Island, Nebr., owns and operates 42 Pump & Pantry convenience stores; three Pump & Pantry motels, one Hampton Inn and two Motel 6 franchises; eight Bosselman Travel Centers; six Grandma Max's Restaurants and a Sam Bass' Saloon & Steakhouse; and 26 Boss Truck Shops. Bosselman Energy encompasses Bosselman Carriers; Bosselman Tank and Trailer; Petroleum Equipment Company; and Bosselman Contractor Services; providing wholesale oil, fuel and propane delivery; truck, tank and trailer repairs; environmental services for the petroleum industry; condominiums and farming. Bosselman Energy's Renewable Fuel Division, based out of Omaha, Nebraska, is a leader in the wholesale and marketing areas of Fuels including Ethanol, Natural Gasoline, and Bio Diesel. Founded in 1948, Bosselman's has expanded across the nation in 18 states with over 1,500 employees. www.bosselman.com
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the world's largest non-bank owner of ATMs. Cardtronics operates over 33,700 ATMs across its portfolio, with ATMs in every major market in the United States and in the U.S. territories of Puerto Rico and the U.S. Virgin Islands, approximately 2,800 ATMs throughout the United Kingdom, and more than 2,900 ATMs throughout Mexico. Major merchant clients include 7-Eleven®, Chevron®, Costco®, CVS®/pharmacy, ExxonMobil®, Hess®, Kroger®, Rite Aid®, Safeway®, Target®, and Walgreens®. Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding programs, with more than 11,600 Cardtronics owned and operated ATMs featuring bank brands. Additionally, Cardtronics offers surcharge-free access to cash for holders of traditional debit cards as well as stored-value cards issued by financial institutions that participate in the Allpoint Network, Cardtronics' wholly-owned surcharge-free ATM network. More recently, Cardtronics started offering a managed services solution to retailers and financial institutions that are looking to outsource some or all of the operational aspects associated with operating and maintaining their ATM fleets. For more information, please visit http://www.cardtronics.com.
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