Wachovia Bank boosts Global Axcess' credit facility to $3 million

Wachovia Bank boosts Global Axcess' credit facility to $3 million
September 28, 2004

PONTE VEDRA, Fla. — Global Axcess Corp., a rapidly growing independent electronic financial transaction processing company, announced that Wachovia Bank expanded its senior secured term loan credit facility to $3 million.

"We are extremely pleased that Wachovia has shown confidence in our company by expanding our credit facility," said Mike Dodak, CEO of Global Axcess. "The continued growth of our business in conjunction with our strong, improving cash flow is evidence that our business model is effective."