I cant help but agree agpilot. The iCash Korea website is still not updated since 2005. Customers has parterned with Nautilus Hyosung to sell ATM's in Australia so ICP has some serious competition now - check out Nautilis Hyosung website. ICP management has no regard for the small retail investor... they don't actually care. Customers has recently bought out 2 ATM deployers...was announced at the AGM last week....around 250 machines I think....around half ICP's last delared fleet numbers. The vertical intergration model of ICP does'nt work for me...either manufacture them or operate them, not both...be focused and be the best in one area....not quite good in two areas. In ATM deployment space they have pretty much missed the boat with the small number of machines and the consolidation that is happening in the industry. Best best is to focus on ATM manufacturing at this stage I think. McDonalds has just signed a lucrative deal with CUS to advertise on what would now be around 5750 ATM's Other blue chip clients for CUS will follow. Bank branding deals with Bendigo and Bank of QLD....more to follow. My point is ICP can't extract these revenue generators with such a small fleet. Low cost ATM deployers like CUS with alternative revenue sources will squeeze them in new business deals and the recent consolidation in the industry is a sign of that...get big quickly or get out.
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