Tranax Announces Expansion and Move to Newark, CA

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New Corporate Headquarters enables leading developer of ATMs and self-service kiosks to almost double its space.

Tranax Technologies, Inc., http://www.tranax.com, a leading developer of ATMs and self-service kiosks, today announced its expansion and subsequent move from Fremont to Newark, California. The new corporate headquarters enables the supplier to increase both its customized and standard assembly divisions, and almost double the space of its corporate headquarters from 42,000 to more than 79,000 square feet.

"We've simply run out of space. Our business is growing; we need additional production space to accommodate that growth. The new facility will provide more space for Retail ATM production and give us even more local configuration flexibility for self service and banking products. We will also be adding new demonstration and training capabilities and room for additional people," said Mike Sedrel, Vice Preside of Manufacturing."

In the five years that Tranax has been in its Fremont location, the company has grown to become the number one provider of off-premise retail ATMs, according to a recent ATM Debit and Credit News survey. That growth propelled the company of to expand from less than 30 employees to over 70.

Tranax Technologies' new address is 39870 Eureka Drive, Newark, CA 94560, a short two and half miles away from its previous residence. Its corporate headquarters telephone number, (510) 770-2227 will remain the same, as will its fax number, (510) 770-2240, other phone numbers, and e-mail addresses.

About Tranax Technologies
Tranax leads the self-service industry in the design, development, manufacture, and sale of self-service technology to the retail, banking, hospitality, entertainment, and gaming industries. Founded in 1986 by Dr. Hansup Kwon, the company has now sold over 80,000 ATMs installed across North America.

Since the beginning, Tranax has been known for its innovative, high-value products. But what really differentiates the company from its larger competitors is its strong focus on product quality and reliability, customer service and support, and the entrepreneurial and visionary founder.

The company was selected by Frost and Sullivan to receive the Growth Strategy Leadership Award for 2006 "for its outstanding ability to make rapid strides into the highly competitive ATM market in North America."

For more information please visit http://www.tranax.com

Contact Information:
Charles Flanagan
Marketing Communications Department
Tranax Technologies
510/770-2227 x408

Robin D. Stavisky
New Venture Marketing
650/858-1070

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ROBIN STAVISKY
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