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N E W S   R E L E A S E

Armor Safe Technologies, LLC Acquires NamSYS Commercial Self Service product line
December 12th, 2006:  Armor Safe Technologies, based in The Colony, Texas, has closed on the acquisition of the Bolton, Ontario based NamSYS commercial self-service product line.  This acquisition will expand the market of Armor’s proven CacheSYSTEM® line of cash-counting and cash-dispensing safes.  Armor now has a complete product line for a wide range of cash-handling businesses.

Armor will immediately begin the integration of the NamSYS product line into the CacheSYSTEM® business with target completion of the transition 1st quarter of 2007.

Larry Robinson said, “The NamSYS products and related NamSYS MCS software will give us access to high volume cash-intensive businesses.  We are confident that our proven track record in this market will allow us to grow the sales of the NamSYS product line exponentially.  The NamSYS CashNET is an exciting product that allows cash-intensive businesses to deposit up to 150 notes at a time into a 5000 note cassette.  Over the next year we will be investing heavily in marketing and engineering to accelerate the momentum NamSYS has created.” 
The benefits of the NamSYS product line include:

  • Better control of money – Many users receive a return on their investment in less than 12 months due to reduced internal theft and error.
  • Greater accountability - The flexible and powerful reporting system records every transaction by user, time and date, providing a complete audit trail of more than one year of data. 
  • Tremendous time savings - The deposit is electronically validated, counted and secured within a cassette that can be taken directly to the bank, saving managers an hour or more on average each and every day – time they can spend making the business run more efficiently and profitably.
  • Increased employee security – Cash exposure is significantly reduced because managers no longer spend hours counting and recounting cash in their office – the deposit is automatically counted. 
  • State-of-the-art software – The included software interfaces to POS systems as well as providing notification of key management information via email.

A wide range of businesses are starting to embrace the value of automating the cash handling process at the store level.  Additional information on details of future product enhancements will be released soon.

For more information about Armor Safe Technologies, LLC visit www.armorsafe.com and for information on NamSYS visit www.namsys.com

 

 

 

 

 

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Armor Safe Technologies specifically reserves the right to make product engineering changes without prior notice. All dimensions and weights are approximate.All trademarks (™) and registered trademarks (®) are the property of Armor Safe Technologies unless otherwise indicated. UL® is a registered trademark of Underwriters Laboratories, Inc. and is used with its permission.

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