Tranax Ships Its 60,000th ATM!

FREMONT, CA, August 9, 2005 – Tranax Technologies, Inc., a leading innovator of self-service technology, is pleased to announce the shipment of its 60,000^th Automated Teller Machine (ATM) early last week.  Tranax has already experienced unprecedented success during 2005, with over 10,000 ATMs sold since January. 

In just eight short years, Tranax has risen to the level of major industry player, establishing its significant presence in the ATM market as one of the three Ts.  Tranax has accomplished this by committing to the “Tranax Difference,” an internal mandate to focus on the customer and to deliver the products and services the customer needs to become successful.  Tranax hopes the “Tranax Difference” will be reflected in everything the customer touches and feels, including its ATMs, service infrastructure, marketing and sales support, and online ordering system.  “Our promise to provide excellence in all areas is what makes Tranax different,” shares President and CEO Dr. Hansup Kwon.  “This is what our commitment to the ‘Tranax Difference’ is precisely about.”

“If we maintain this remarkable level of sales, 2005 will be Tranax’s most successful sales year to date.  We are very pleased to have reached this milestone in such a short period of time,” adds Dr. Kwon.  Sparked by the introduction of a new line of Self-Service Terminals (SSTs) such as the Check Cashing and Destination Ticketing SSTs as well as continued enhancements to its current staple of reliable and secure ATMs like the Mini-Bank 1500^TM and MBS5000^TM, Tranax is enjoying steady growth.  Dr. Kwon continues, “However, even records sales are not a valid excuse for complacency.  Tranax is always looking for ways to improve and expand our product offering while continuing to provide exceptional service and support to our distributors and Authorized Service Providers (ASPs).”