San Jose, CA (PRWEB) October 19, 2009 -- When Bank of America gave notice that they were removing their 3 ATM machines from the Joe Louis Arena in Detroit, no one was happier than ACFN. Under the terms of the $45 billion in TARP money that Bank of America received from the government, they were forced to withdraw both their sponsorship and all ATM service from the Detroit arena.
American Consumer Financial network (ACFN), an innovative Silicon Valley Company that provides the nation's only ATM Franchise business, has quickly stepped in to ensure that Red Wing's fans can continue to use ATM's in the Joe Louis Arena.
"We are stepping in to fill that void forming relationships with many national management companies and securing agreements to provide services throughout North America". says Jeffrey Kerr, President and CEO of ACFN.
Partnering with a Detroit based ACFN Franchisee and hockey fan, ACFN was in the position to supply 7 new machines in the Joe Louis Arena and substantially increase customer service. With 90,000 fans per year requiring access to ATM's during events at Joe Louis, installing more machines has decreased their waiting time, increasing revenue for arena merchants.
With ACFN, Red Wing's fans have easier access to their cash and more time to spend watching the game adds, Kerr.
Saturday, October 31, 2009
Retired US Navy Veteran Finds Sustainable Business Formula for Steady Growth
San Jose, CA (PRWEB) October 26, 2009 -- US Navy Veteran John B. discovers ACFN, an ATM franchise that launched him into the ranks of successful US Military small business owners.
In a time when one of our country's primary objectives is ending our occupation of Iraq, it is easy to overlook the fact that nearly 200,000 people complete their military service every year. Veterans are returning to the civilian world plagued with a very pressing question: 'What do I do next?' With unemployment at an all time high, there are fewer answers to this question, and opportunities are harder to find.
John B., a retired US Navy officer originally from Jacksonville, FL, was one of the thousands asking that very question five years ago. After trying his hand at starting an original business without much success, John hoped that purchasing a franchise would be his key to profitable business ownership. With his goal in mind, John took to the internet and discovered the American Consumer Financial Network (ACFN), an innovative Silicon Valley based ATM franchise.
John was attracted to the ATM franchise business because of its low start up cost, low risk and large potential for success. Starting with just one working ATM, John has progressively expanded his business over the last 5 years. He now owns 21 different units in various nightclubs and hotels in the greater Boston area. John stated, "…for a reasonably safe investment, it went much better that I ever expected."
John B. isn't the only veteran operating a flourishing ACFN franchise, 10% of all ACFN franchisees are US veterans. Jeff Kerr, President of ACFN comments "We are proud to report that a recent survey confirmed 10% of our franchisees are veterans. We have found veterans to be an excellent fit with our business and are investing in veteran specific advertising in conjunction with special discounts to attract more veterans to our franchise."
"ACFN's ATM franchise allows veterans to skip the start up process, equipping them with the tools and the know how to manage their business". Avi Blankroth, Excecutive Vice President of ACFN says. "The process begins with each franchisee purchasing one ATM, while ACFN provides corporate training and locates and contracts a lucrative placement location". John mentions that the franchise is "not difficult, [and I have plans to expand, with no long term plans to sell."
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