GLOBAL AXCESS

Recommended on June 8, 2001 at $1.60

Interview with David Fann, CEO Global Axcess Corp.

Why Invest in Global Axcess?

Not a "dot com" – clear roadmap to profitability and enhanced long-term revenue growth

Experienced management team

Recession proof market with significant growth and expansion opportunities

Corporate Profile and Mission Statement

Leading complete solutions provider of consumer financial and online interactive services via non-banking outlets, ATMs and value-added kiosks.

 

Corporate Highlights

Profitable

Recurring revenue stream

Clear, focused strategy for growth

Recession proof market with significant consolidation and expansion opportunities

Strong balance sheet

Growth Strategy/ Keys to Success

Establish market leader position through acquisition strategy

Increase revenue opportunities through internal development and acquisition of additional value-added services

Build world class management team

ATM Market Opportunity

Highly fragmented market – ripe for consolidation and expansion

More than 200+ companies in the small to mid sized range (1-3,000 ATMs in network)

eTrade largest non-bank network 18,000

200,000 non-bank machines in U.S. today – less than 50 percent market saturation

800,000 ATMs worldwide today – expected to grow to 1.5 million by 2004

 

Interactive Terminal and ATM Market Growth

(in millions)

No established company that provides a complete turnkey ATM/kiosk solution

§Lifting of surcharge ban in Europe and Asia provides significant, untapped markets for growth

GLXS Growth Strategy

Acquire small to medium size ATM networks

$1 Million value minimum asset value

2 year profitable history

Gross profit level of $150K or above

Average company has 200-1,000 machines

GLXS Targeted ATM Network Growth

GLXS Growth Strategy

Leverage SG&A costs through consolidation = increased operational profitability

Develop complete turnkey ATM solution

Acquire ATM processing and services capabilities

Additional Market Opportunities

Increase revenue base by deploying additional value-added services:

Check cashing, money orders & bill payment

CD Burner/Music

Advertising/Phone cards

Tourism interactive kiosk

Export ATM turnkey solution to untapped European and Asian markets

Recent Corporate Events

Signed agreement to be acquired by NetHoldings.Com (OTC BB company)

Transaction to be completed within 30 days

New company to be named Global Axcess Corp.

Applied for symbol GLXS

Signed letter of intent to acquire Nationwide Money

1,200 ATM location network

$10 million annual revenues

Management Team

David Fann – Chairman and CEO

Richard Wray – President and Director

Michael Jeub – CFO and Director

Corporate Growth Strategy

Acquire ATM networks, processing and services companies

Recruit world class senior management team

Research and development of value-added services

Build strong technology infrastructure

Primary Business

Global Axcess Corp. is a financial services organization whose mission is to develop and acquire companies focused on leading edge technology in the delivery of goods and services to customers through free standing, remote site, interactive terminals, and ATMs (Automated Teller Machines). Frost & Sullivan, a nationally respected market research firm defined the Interactive Terminal Kiosk as the “Vending Machine of the Information Age. The study indicated the markets are growing at a formidable pace. In 1996, the US interactive market alone grew to $369.7 million dollars. Frost & Sullivan projects the market to grow to $2.94 billion dollars by 2003, demonstrating a compounded annual growth rate of 35%. The total interactive terminal marketplace is divided between retail (CD on Demand), Finance (ATM plus enhanced services), and tourism (hotel information terminals).

Market Overview

The ATM marketplace has been expanding rapidly since the U.S. surcharge ban was lifted in 1994. Global Axcess is acquiring an infrastructure of ATM related companies to cater to this ever-expanding ATM industry. Through its acquisitions, Global Axcess is poised to leverage its advanced technology, economies-of-scale, and industry knowledge to capture a substantial portion of the ATM market. With the advent of advanced function ATMs and additional services being sold through ATMs, the future of ATM processing and management will be in ever increasing demand. The advanced function ATM industry is only in its infancy stage. As a turnkey provider, Global Axcess expects to lock in long-term contracts on thousands of existing ATM retail outlets to place ATM kiosks capable of providing many types of financial and digital-based products that will create additional revenue streams to the existing revenue base.

Global Axcess has an exciting opportunity to become the leader of the ATM industry. With surcharge bans now being lifted in other countries, International markets are just beginning to open up to non-bank deployment of ATMs. As a result of the technology and software source code, Global Axcess can easily export its technology and expertise to business partners throughout the world.

Investment Highlights

·      Established profitable revenue base

·      Accelerated Growth through acquisitions of companies with which Global Axcess has established relationships

·      Continuous technological advancements

·      Enhanced ATM services (i.e. check cashing, pay-day loans, money orders, wire transfer, etc.) providing additional revenue streams

·      Recession resistant market

·      Planned international expansion