NCR Buys Tidel's ATMBusiness

February 28, 2005, 1:00 a.m. EST 1 Min Read

DAYTON, Ohio - (02/28/05) -- NCR said Friday it has agreed to buythe remaining ATM business of financially troubled TidelTechnologies Inc., which makes mostly storefront machines. Thepurchase price was $10.2 million. Tidel also announced that it hasretained Stifel, Nicolaus & Co. to sell its remainingtimed-access cash controller business, as required by Tidel'sNovember 2004 financing agreement with its lender. The company ahsreported diminishing finances since the 2001 liquidation of itsmain customer, Credit Card Center, which ate one time operated thebiggest ATM fleet in the country with Tidel machines. Tidel shareswere trading for just 39 cents on the Pink Sheets onFriday.

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