Tidel Enters Agreement to Sell ATM Business to NCRHOUSTON , Texas — February 25, 2005 — Tidel Technologies, Inc. (OTC Pink Sheets: ATMS ) and NCR Corporation (NYSE: NCR) have entered into an agreement for NCR to acquire Tidel’s automated teller machine (ATM) business.
For more information about the agreement, please refer to Tidel’s Form 8-K to be filed later today.
Tidel also announced that it has retained the investment banking firm of Stifel, Nicolaus & Company, Inc. to sell its remaining timed-access cash controller business, as required by Tidel’s November 2004 financing agreement with its lender.
Copyright 2005 Tidel, Inc. All rights reserved.
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