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TRANSCRIPTION OF FINANCE NEWS NETWORK INTERVIEW WITH MY ATM HOLDINGS LIMITED (ASX:MYA) MANAGING DIRECTOR, TIM SCALA

Emma Pearson: Hello Emma Pearson reporting for the Finance News Network. Joining me today for the first time from My ATM is Managing Director, Tim Scala. Tim welcome to FNN.
Now can you start by telling us a bit about My ATM, what do you do - do you supply, manufacture or service ATMs?

Tim Scala: My ATM has two parts to its business. It retails ATMs to private investors, to Superannuation Funds and small companies. Those investors then have a contract with a deployer who looks after an ATM site. So part of our business is selling ATMs to investors. The other part of our business is looking after the sites and managing the sites for merchants who have an ATM on their business premises.

Emma Pearson: Okay so how long have you been operating?

Tim Scala: We started up about eighteen months ago, where we came from very humble beginnings but quickly developed the model that was unique in the Australian market, and is unique around the world. And that is that, as a company, we actually don't own the ATMs that we put into sites. We use investors to own those machines and get a return.

Emma Pearson: And Tim, how big is the Company?

Tim Scala: Yeah we have about fourteen employed staff at the moment and a further forty staff who are external consultants employed in the sales area. And with those forty people have sold about 1,350 ATMs in the last eighteen months and we've currently got 474 ATM cited on sites. And we're planning to grow that very quickly over the next twelve months.

Emma Pearson: And who are your customers - banks, shopping centres, clubs?

Tim Scala: We try and focus on convenient locations such as shopping centres, hotels. We also look and putting ATMs into convenience mini markets, 24-hour shops and locations where generally people are looking for money and need money now.

Emma Pearson: Tim can you tell us how big is the ATM market domestically?

Tim Scala: Latest Reserve Bank stats state there's 27,000 or a little over 27,000 ATMs in the Australian marketplace. It has been growing an average of 3% or 4% over the last fifteen years and it's expected to continue to grow. Of the independent players in Australia, there are about 15,000 ATMs of which obviously we're a smaller player in that market, at the moment.

Emma Pearson: And what segment of the ATM market do you concentrate on?

Tim Scala: We really focused on the convenience locations. So where people don't necessarily want to walk a couple of hundred metres to go find an ATM, hopefully they find ours right where they are and where they're doing their shopping or their purchasing, or wherever they're situated.

Emma Pearson: Any plans to go offshore?

Tim Scala: We initially didn't have plans to go offshore, but because of the uniqueness of our model where we don't own our own ATMs; we have been approached by several offshore banks and companies looking to have our model introduced into their markets. Particularly New Zealand - there's a market that is about to deregulate and there are plenty of opportunities in New Zealand that we're looking at, at the moment.

Emma Pearson: Okay Tim turning to your listing now, when are you expecting to list?

Tim Scala: The Prospectus states we expect to be on list on the Stock Market by about the middle of November. I've been doing broker road shows the last couple of days and there is a very, very good feeling for our business and a lot of interest. And we're fully expecting to be listing a bit earlier than that because we believe that the float will fill up pretty quickly.

Emma Pearson: And what valuation are you putting on the Company?

Tim Scala: If we raise the maximum of $10 million that we're trying to raise, the Company will have a market capitalisation of $47 million.

Emma Pearson: So you're looking to raise up to $10 million?

Tim Scala: Our minimum we're going to raise is $4 million and up to $10 million. That'll allow us to really go out and take up the opportunities that are being presented to us at the moment. There are a lot of smaller deployers in the industry, who are looking at some exit strategies and looking to us to help them out with those strategies.

Emma Pearson: And where is the money going?

Tim Scala: We're going to spend it on opportunities within the industry. We don't need the capital to expand, we're a debt free company, we're a profitable company from day one, and that money will be used to really grow our business as quickly as possible.

Emma Pearson: And Tim where do you see My ATM in say, the next twelve to eighteen months?

Tim Scala: With the model we've got where we don't require debt and we use investors to fund our business growth, I believe that you know, there are a lot of opportunities around the world and in Australia that we can take up. And this depends on how those opportunities pan out, but certainly I would suggest we'll be operating offshore as well as in Australia, and we'll become a major player in the market here.

Emma Pearson: Last question. For people interested in My ATM, where should they go to find out more about the Company?

Tim Scala: Sure, we have a very detailed website www.myatm.com.au and there's a video on there that downloads the opportunity for investors - about how they can invest in Automatic Teller Machines and it's a lot of information on there. And there's also a place to make some further enquiries and contact the Company.

Emma Pearson: Tim thanks for introducing My ATM.

Tim Scala: Thanks Emma.