Cash machine advertising technology developer i-design has followed its first US contract with a deal with a bank in Ecuador.
The company’s partner Teller Service CIA has signed up the bank, which has 500 cash machines in Ecuador. Implementation will start this summer so initial revenues will fall into the year to September 2010. The sites will go live after September and there will be an ongoing revenue stream.
This deal could open up another potential region soon after cash machines owner Cardtronics signed up for the US. There will be more than 9,000 cash machines using i-design’s technology.
At 17.5p a share, up 2.5p on the day, i-design is valued at £2.47m.
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