text: In July 2000 the Company entered into subscription agreements for the sale of 877,946 new common shares of the Company. These agre e m e n t s 
  w e re signed with accredited investors in transactions exempt from registration pursuant to the exemptions provided in Section 4(2) and 
  Regulation D of the Act. Closing with respect to such sale took place on July 14 and August 29, 2000. The purchase price of each share was 
  $6.97. The aggregate amount of proceeds to the Company from the private placement was $6.1 million. 
  
  The Company leases many of its ATMs under capital lease arrangements that expire between 2001 and 2005. The leases bear interest between 
  8% and 12% per annum. As of December 31, 2000 the Company owed $11.5 million under such capital lease arrangements. (See Note 15 to the 
  Consolidated Financial Statements - Leases.) 
  
  The Company expects that its capital re q u i rements will continue in the future but will not be as great as they were in the past, as the Company 
  intends to continue to promote its outsourcing capabilities and re-deploy under- p e rf o rming ATMs currently operating in the network. This 
  strategy should reduce the Company’s reliance on capital expenditures in the future as the business continues to gro w. Fixed asset purchases and 
  capital lease payments for 2001 are expected to be approximately $6.2 million in the Company’s existing markets, notably We s t e rn and Central 
  E u rope. Acquisitions of related ATM business and investments in new markets in furtherance of the Company’s strategy may re q u i re additional 
  capital expenditures. 