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NRT TECHNOLOGY CORP. ACQUIRES TNS SMART NETWORK INC. ("TNS") AND SMART PROCESSING SOLUTIONS ("SPS")
FOR IMMEDIATE RELEASE
Toronto, ON - Thursday April 2, 2009 - NRT Technology Corp. today announced that it has acquired Toronto - based TNS Smart Network Inc. and Smart Processing Solutions Inc. Through this acquisition, NRT diversifies its business, creating a synergy to provide additional solutions to meet customers’ needs.
TNS is the largest ATM processor in Canada for non-bank branch ATM services. TNS services 143 Independent Sales Organizations, or ISOs, representing some 12,000 ATM devices throughout Canada performing over 50 million transactions per year. SPS is primarily a technology company that licences switch technology to non-Canadian ISOs. Their primary customer base is in the U.S. and extends as far as New Zealand.
John Dominelli, President & CEO of NRT Technology Corp. said, “This acquisition is very exciting, it creates an entirely new channel of business and technological capability for NRT and is highly complementary to our existing business and future plans. I truly believe that this acquisition will make NRT an even more successful company going forward".
Dominelli credits NRT’s success on the ability to recognize great opportunities and market trends and react swiftly to customers’ requirements. "We work to suit the customers’ requirements, we listen to them and we adapt our products accordingly; it’s all about our commitment to our customers"
ABOUT NRT Technology Corp. NRT is a privately owned company that provides innovative cash handling solutions, products & services to our customers world-wide. Our products are used globally by Casinos, Lotteries & Retailers. Our popular line of QuickJack redemption ATMs handles all types of customers self service redemption services. NRT also provides turn - key applications for Jackpot redemption, ticket redemption, ATM automated cash services as well as other business related applications
NRT is the recognized industry leader in self-service redemption and jackpot systems, and has placed over 3,000 units in over 300 casino locations throughout Canada, US, the Caribbean, Europe and Macau gaming markets.
The company has received multiple awards including Canada’s 50 Best Managed Companies for 3 consecutive years, the Fast 50 award in recognition of being one of the fastest growing technology companies in Canada and most recently the fast 500 award in recognition of being one of the fastest 500 growing technology companies in North America.
NRT’s headquarter complex is located in Toronto, Ontario, Canada. NRT also maintains offices in Las Vegas and Macau.
For more information, please contact:
Ray Deffner
Executive Vice President
416-646-5232 ext. 222rdeffner@nrttech.com
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