Tidel Reports New Quarterly Shipment Record

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Tidel Reports New Quarterly Shipment Record

 
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Tidel Reports New Quarterly Shipment Record
HOUSTON, July 6 /PRNewswire/ -- Tidel Technologies, Inc. (Nasdaq: ATMS - news) today announced a new quarterly record for ATM shipments with 3,419 units shipped during the three-month period ended June 30, 2000 -- a 77% increase from the 1,937 units shipped in the same quarter of 1999 and a 12% increase from the 3,055 units shipped in the previous quarter ended March 31, 2000. For the first nine months of fiscal 2000, the company shipped 8,687 ATMs, a 101% increase from the 4,319 units shipped in the same period a year ago.

James T. Rash, Chairman and CEO, said, ``We are very pleased that the pace of our business continues to be at record levels. We expect this momentum to carry forward into the next quarter.''

Full financial results for the quarter ended June 30, 2000 will be released on or about July 26, 2000.

Tidel is a Texas-based manufacturer of automated teller machines and cash security equipment. The company pioneered the dial-up ATM in 1992 and was recently selected by BusinessWeek as one of its Top 100 Hot Growth Companies for 2000. Tidel's common stock is traded on the Nasdaq Stock Market® under the symbol ``ATMS''.

This press release contains forward-looking statements that involve risks and uncertainties that may cause the company's actual experience to differ materially from that anticipated. These forward-looking statements include projections of revenue and net income; issues that may affect revenue or net income; plans for the future and assumptions relating to the foregoing. Estimates are based on reliable information and past experience. However, operating results are affected by a wide variety of factors, many of which are beyond the control of the company. Factors include, but are not limited to, the levels of orders which are received and can be shipped in a quarter; customer order patterns and seasonality; costs of labor, raw materials, supplies and equipment; technological changes; competition and competitive pressures on pricing; and economic conditions in the United States and the world. Additionally, factors and risks affecting operating results include those described in the company's registration statements and periodic reports filed with the U.S. Securities and Exchange Commission.

SOURCE: Tidel Technologies, Inc.



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