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Ezeatm Rachets Up Number Of ATM Locations With DIB Group Deal

Ezeatm (ASX: EZA) has inked yet another Preferred Supplier Agreement, this time with the DIB Group of Companies.

This follows the agreement announced earlier this week with the over A$3 billion capitalised Metcash Limited (ASX: MTS), which business pillars include Metcash Food and Grocery (MF&G), Australian Liquor Marketers, Mitre 10 and the Automotive Brands Group.

Ezeatm will be the preferred supplier of ATMs to the DIB Group which primarily trades as Metro Petroleum, and has around 140 sites across New South Wales, Victoria and the Australian Capital Territory.

Metro Petroleum is major petroleum retailer servicing over 40,000 private and commercial clients, making it one of Australia's largest independent service station franchises.

At the time of signing the new agreement Ezeatm had 21 ATM contracts for DIB Group locations throughout Australia.

John Dib, managing director of DIB Group, commented: "We have been very impressed not only with the ATM technologies being offered by Ezeatm but by their speed of response and level of commitment to our customers."

In 2004 the DIB Group of Companies acquired the assets and business of Hill & Co, a major Mobil Oil regional fuel distribution business.

Operations include wholesale and retail petroleum businesses, communications, financial services, transporting and importing.

Chad Zani, director of sales and marketing for Ezeatm, said: "DIB Group are excited about using the cashPod ATM in their business and in particular the advertising and marketing capabilities of the ATM which will add value to their locations.

"For a long time service stations have had ATMs that dispense cash but have not directly increased sales revenues, in store. Our unique couponing and advertising capable ATMs achieve this."

National growth

Ezeatm has seen substantial national expansion recently and is now the largest ASX-listed ATM deployer.

The company has also recently signed Preferred Supplier Agreements with DeliLink Pty Ltd which operates as Topz Shopz.

The Topz Shopz Group operates 66 convenience stores in South Australia, greatly increasing the number of sites withEzeatm ATM's.

Proactive Investors continues to be impressed with the ATM deployment growth and believes there is further upside from the current share price of A$0.40 and market valuation of $26 million.

Ezeatm will be presenting at the upcoming Proactive Investors "Stars in 2012 Series" in Sydney on 28 November at the Radisson Blu Hotel - Cnr Pitt & O'Connell Street, Sydney. Click here to register.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.