ATMs in 7-Eleven(R) stores across the country will continue to be part of the CO-OP Network for at least five more years, based on the contract renewal announced by CO-OP Financial Services and Cardtronics, Inc., the operator of the retail ATMs. More than 3.2 million surcharge-free CO-OP Network transactions per month take place at 7-Eleven stores. CO-OP Network has been available on the ATMs in 7-Eleven stores since November 2005. The new agreement is for five-years, so the CO-OP Network will continue to be available at 7-Eleven, Inc.'s stores with ATMs through July 2014.

Cardtronics Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, revenues totaled $128.6 million, representing a 1% increase from the $127.3 million in revenues generated during the third quarter of 2008. However, excluding the impact of unfavorable foreign currency exchange rate movements, year-over-year revenues would have increased by 5%. GAAP net income for the quarter totaled $6.4 million, compared to a $4.4 million GAAP net loss during the same quarter in 2008. The year-over-year improvement was primarily attributable to the factors identified above in the discussion of adjusted EBITDA and Adjusted net income. Income from operations was $16.2 million against $3.6 million a year ago. Income before tax was $7.8 million against loss before tax of $4.8 million a year ago. Cash provided by operating activities was $16.3 million against $3.5 million a year ago. Capital expenditures were $9.8 million against $10.7 million a year ago. Revenues totaled $368.6 million for the nine months ended September 30, 2009, representing a 2% decrease when compared to the $374.8 million in revenues recorded during the nine months ended September 30, 2008. As was the case with the Company's quarterly results, the year-over-year decrease in Revenue was primarily attributable to unfavorable foreign currency exchange rate movements, a decline in the company's merchant-owned account base, and lower overall equipment sales. Adjusted EBITDA totaled $82.8 million for the nine months ended September 30, 2009, representing a 32% increase over the $62.8 million in adjusted EBITDA for the same period in 2008. Adjusted net income totaled $19.8 million or $0.50 per diluted share for the first nine months of 2009, which was significantly higher than the $6.9 million or $0.18 per diluted share generated during the first nine months of 2008. Increases in both Adjusted EBITDA and adjusted net income were primarily due to the same factors noted above for the company's quarterly results. The company recorded GAAP net income for the nine months ended September 30, 2009 of $3.8 million, compared to a GAAP net loss of $12.9 million during the same period last year. As was the case with the quarterly results, the year-over-year improvement was primarily driven by the same factors outlined above with respect to adjusted EBITDA. Income from operations was $31.2 million against $11.2 million a year ago. Income before tax was $7.4 million against loss before tax of $13.5 million a year ago. Cash provided by operating activities was $49 million against $11 million a year ago. Capital expenditures were $20.6 million against $53.6 million a year ago. The company is updating the guidance it previously issued regarding its anticipated full-year 2009 results, and now expects revenues of $485 million to $490 million; overall gross margins of approximately 29.5%; and capital expenditures of approximately $25 million, net of minority interest. The above guidance excludes the impact of certain one-time items as well as $4.6 million of anticipated stock-based compensation expense and approximately $17.0 million to $18.0 million of intangible asset amortization expense. Additionally, the above guidance is based on average foreign currency exchange rates of $1.60 U.S. to 1.00 pounds U.K. and $14.00 Mexican pesos to $1.00 U.S. for the remainder of 2009.

Cardtronics Inc. reported consolidated earnings results for the third quarter of 2009. For the quarter, revenues were roughly $129 million. That was up slightly from the third quarter level of 2008. The operations generated 83% of revenues for the quarter and they generated gross margins in excess of 35%. Revenues in this core component were up 8% year-over-year, driven primarily by increasing transactions and revenue per machine and to a lesser degree, higher machine counts. Adjusted EBITDA, up from $22 million last year to $32.4 million this year. The company generated adjusted net income of $9.7 million or $0.24 per diluted share for the quarter and that would compare with $2.7 million or $0.07 a share in the same period last year. The company revised 2009 guidance upward again and now expecting for the 2009 year. For the period, the company now expects total revenues in a range of $485 million to $495 million and that's up from prior guidance of $470 million to $480 million. Overall gross margins of about 29.5% and that's up from prior guidance of 28.5% to 29%. Adjusted EBITDA in a range of $107 million to $109 million and that's up from prior guidance of $95 million to $100 million. And adjusted net income per share of $0.60 to $0.64, up from previous guidance of $0.40 to $0.50 and that's based on approximately 40 million diluted shares outstanding. And, the company continues to expect about $25 million in capital expenditures, which is unchanged from prior estimates. For the year 2010, the company expects total revenues in a range of $515 million to $525 million, which would represent year-over-year revenue growth in a range of about 6% to 8%; adjusted EBITDA in a range of $118 million to $123 million, which would represent roughly 10% to 15% year-over-year growth; and adjusted net income per share in a range of $0.75 to $0.85, which would represent about 25% to 30% year-over-year growth on that metric. For the year, CapEx guidance of around $35 million is probably a reasonable assumption.