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Ezeatm wins big with Topz Shopz ATM deal in South Australia  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 11/10/2012

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Ezeatm has secured a landmark deal with Topz Shopz with the signing of a five year Preferred Supplier Agreement. The Topz Shopz Group operates 66 convenience stores in South Australia, greatly increasing the number of sites with Ezeatm ATM
(MENAFN - ProactiveInvestors - Australia) Ezeatm (ASX: EZA) has inked a five year Preferred Supplier Agreement with DeliLink Pty Ltd which operates as Topz Shopz.

The company will be the preferred supplier of ATMs to the Topz Shopz Group which operates 66 convenience stores in South Australia.

At the time of the signing of the new agreement, Ezeatm already had ATMs in four of those locations.

Todd Zani, chief executive officer of Ezeatm, commented: "Topz Shopz has an excellent reputation for providing competitive trading terms and professional assistance to its members and we welcome the opportunity to assist in providing the best ATMs in the market for their customers."

Ezeatm has seen substantial national expansion in the first half of 2012, with 156 new sites signed and 54 existing sites re-signed to longer terms.

The company will move to over 1,900 sites, with the securing of this new agreement. Ezeatm is now the largest ASX listed ATM deployer.

As a result of strong first half 2012 sales Ezeatm reported EBITDA of around A2.3 million and net profit after tax of 744,085.

The Topz Shopz deal will further increase the number of sites hosting Ezeatm's ATMs and build on already strong revenues.

Robert Redpath, managing director of DeliLink Pty Ltd, commented: "We have been very impressed with the performance of Ezeatm in the market and in particular their service and professionalism.

"They really do make it 'eze' for our members and we look forward to the added benefits that we will be able to provide to our members as a result of this agreement."


Today's Preferred Supplier Agreement with Topz Shopz is a landmark deal, securing several additional sites at which Ezeatm can place its ATMs.

Putting the revenue generating potential into perspective, in Australia the company generates revenue each time a consumer uses an Ezeatm, where a 2 Direct Charge is paid.

A 0.20 fee is paid for "switching" the funds between the consumer's financial institution and depositing the funds into the bank account of Ezeatm and/or Ezeatm's cash fulfilment partner.

Then a 0.30 to 1.00 fee is paid by Ezeatm to the Site Owner or Cash fulfilment partner for "cash fulfilment". This rebate is site dependant and is largely transactional volume based. A gross profit of between 0.80 and 1.50 per transaction is made.

Therefore, the more ATMs the company has in the field, the more revenue that will be generated.

Ezeatm is now the #1 Australian owned Independent ATM Deployer. The company was also recently recognised as "Business of the Year" by the Local Chambers of Commerce.

The company's growth since listing has been substantial, transitioning from principally a Western Australian-based ATM company to now being the largest ASX listed ATM deployer.

Proactive Investors believes the current share price of 0.37 is light given the wide spread of bid/offer. In addition, this deal plus new sites added in 2012 will provide a filip to revenue growth and valuation of the company. We believe a share price of between 0.45-0.55 is warranted for Ezeatm.


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