Global Axcess to Acquire ATM Portfolio With Over 1,500 ATM/Merchant Accounts

PONTE VEDRA, FL – Global Axcess Corp (OTC Bulletin Board: GAXC), a rapidly growing independent electronic financial transaction processing company, today announced that it has signed a formal letter of intent to acquire an independent ATM company which owns and operates over 1,500 ATM sites located primarily on the East Coast.

Closing of the acquisition is subject to comprehensive due diligence, subsequent board approval, revenue confirmation and approval of corporation’s lenders. Finalization of the acquisition is expected to close on or before September 30, 2005. The proposed terms of the transaction have not been disclosed at this time. Based on its historical financial results, the acquisition is expected to contribute approximately $3,600,000 in annual revenue to Global Axcess.

About Global Axcess Corp
Headquartered in Ponte Vedra Beach, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as one of the nation’s leading network-based electronic commerce and transaction processing companies. Through its wholly owned subsidiary, Nationwide Money Services, Inc. (NMS), the Company provides turnkey ATM management solutions that include cash, project and account management services. The Company currently owns and operates over 3,500 ATMs in its national network spanning 42 states and provides proprietary ATM branding and processing for over 70 financial institutions with over 650 branded sites nationwide. EFT Integration, Inc. (EFTI), a wholly owned subsidiary of Global Axcess, provides traditional, certified transaction processing and terminal driving to its valued customers and is developing alternative processing solutions for expanding ATM functionality through web-based products and services. Through its wholly owned subsidiary Electronic Payment & Transfer Corp., future product offerings will be targeted towards traditional ATM users, cross-border processing of transactions, and solutions to provide financial services to the un-banked customer, such as check cashing, international money transfer and pre-paid products/services. For more information on the Company, please visit http://www.globalaxcess.biz.