CALGARY, ALBERTA--(Marketwired - Oct 29, 2014) - DirectCash Payments Inc. (TSX:DCI) (the "Company" or "DC Payments") is pleased to announce that the shareholders of Ezeatm Limited (ASX:EZA) ("Eze") have voted to approve DC Payments' acquisition of Eze at a shareholder meeting held in Perth, Australia today. Eze operates the fourth largest national fleet of independent ATMs in Australia with approximately 1,325 ATMs.

"We are very pleased that Eze shareholders have overwhelmingly decided to support DC Payments' acquisition, which is a strategic tuck-in acquisition for our Australian business, as it offers significant economies of scale, cost savings and bolsters our existing position in the Australian marketplace as the largest independent network of branded ATMs", said Jeff Smith, President and CEO of DC Payments.

Eze shareholders were asked to vote for a resolution approving the acquisition of all of the issued and outstanding shares of a subsidiary of Eze together with all of the ATM business assets in accordance with the agreement entered into on September 18, 2014. The resolution was approved by 99.9% of the votes cast by Eze's shareholders. The transaction is expected to close on October 31, 2014.

The transaction is expected to be accretive to DC Payments' funds from operations per share in the first fiscal year following the transaction. DC Payments expects to fund the transaction through its revolving credit facility.

The Transaction

On closing, the Company will acquire approximately 1,325 ATM sites and related contracts increasing the total number of DC Payments ATM active terminals in Australasia to approximately 7,520. This represents a 21% increase in active ATM terminals in Australasia from Q2 2014. DC Payments has the largest independent network of branded ATMs in the Australian market. The Eze acquisition will significantly strengthen this position.

Eze's publicly available financial information reported A$2.7 million in EBITDA for the year ended June 30, 2014.

About Eze

Eze is listed on the Australian Securities Exchange (ASX:EZA) and operates the fourth largest national fleet of independent ATMs in Australia. The company operates ATMs across a diverse portfolio of ATM locations, which are secured with long term contracted with merchants.

For further information, please visit www.ezeatm.com.au.

About DC Payments

DC Payments is the largest branded ATM provider in Canada and Australia, and the third largest branded ATM provider in the United Kingdom. It also offers ATM services in Mexico and New Zealand. The Company is one of the leading providers of credit union and other financial institution processing and outsourcing services, branded non-financial institution debit terminals and pre-paid card products in Canada. Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company's website at www.directcash.net.

Caution to Readers

Eze's publicly available financial information is available from the Australia Stock Exchange at www.asx.com.au and on Eze's website at www.ezeatm.com.au. Eze has disclosed Earnings before interest, tax, depreciation and amortization ("EBITDA") in its Consolidated Statement of Comprehensive Income for the year ended 30 June 2014. The computation by EZE of its reported EBITDA may not be comparable to EBITDA as computed and reported as an additional GAAP measure by DC Payments.

Forward-looking Statements

In the interest of providing DC Payments' shareholders and potential investors with information regarding DC Payments, including management's assessment of future plans and operations of DC Payments, certain statements contained in this news release constitute forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target" and similar words suggesting future events or future performance. In particular, this news release contains, without limitation, forward-looking information and statements concerning the acquisition by the Company of a subsidiary of Eze through the acquisition of all of the issued and outstanding shares of that subsidiary, the acquisition of all of the ATM business assets owned by Eze which are associated with the ATM business operated by Eze and the impact of the transaction on the Company and timing for closing of the transaction.

DC Payments can give no assurance that any of the events anticipated will transpire or occur or, if any of them do, what benefits or costs we will derive from them. Although the Company believes that the expectations reflected in the forward looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this news release, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur. These risks and uncertainties include matters which are beyond the control of DC Payments including, among other things,, delays in closing the Transaction, the ability of the Company to fund the transaction through its revolving credit facility, failure of the transaction to be accretive to DC Payments' funds from operations per share in the first fiscal year following the transaction, or at all, failure of the Company to realize significant economies of scale or cost savings, as well as general economic conditions, interest rates, foreign currency rates, and regulatory changes. Additional risks and uncertainties are described under "Risk Factors" in the Company's most recently filed Annual Information Form available in Canada at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking statements contained in this news release speak only as of the date of this news release. Except as expressly required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.