JACKSONVILLE, Fla. – Global Axcess Corp., which manages a fleet of 5,200 ATMs in 43 states, on Wednesday said it has hired an investment bank to explore the merger or sale of the company.

Global Axcess said it hired Golding & Company to assist in exploring strategic alternatives with an emphasis on the sale or merger of the company.

The announcement came as the company was reporting a 3% decline in third quarter revenue to $7.9 million, and an increase in losses for the quarter to $3.8 million, from losses of $252,000 for the same quarter last year. For the first three quarters of the year revenue growth was flat at $24.4 million, and losses were $5.5 million, compared to losses of $1.8 million for the first nine months of 2011.


 

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