The PennZone

LANCASTER, Pa. - PennZone -- Paramount Management Group is pleased to announce it has acquired certain assets of CNY ATM, Inc.  Founded by Tim Champa over 14 years ago, CNY established itself as one of the leading ATM deployers in the New York State market.

"We are very pleased to have been able to come to terms with Tim on this transaction," indicated Jorge Fernandez, Paramount's Chief Development and Marketing Officer. "CNY identified a key niche within their market and successfully grew their business over the years by providing their customers with superior services. This acquisition allows us to further grow our already large presence in the New York market and provides additional distribution channels for our value-added services through the ATM such as digital media offering as well as other self-service solutions."

More on The PennZone

• Kellyn Co-Founder Meagan Grega Named President-Elect of the American College of Lifestyle Medicine
• Contracting Resources Group Receives 2026 HIRE Vets Platinum Medallion Award
• Business News & Info Goes Inside Paragon FX Group's Hunt for Original Film Props
• Kitchen Table Economics: An Invitation to Think Differently
• New Bethany, Provident Bank, Jaindl Farms and Lehigh Valley IronPigs Unite for Turkey Drive

"Regulations and external market forces are causing ATM operators to rethink their strategies; it is difficult for many operators to stay competitive while also having to content with the myriad of regulations and competitive forces," Champa, Founder and President of CNY-ATM stated.

"We needed a partner that could help us grow the business, ease the burden of compliance and operations while simultaneously providing the capital we need to grow and develop new solutions," Champa continues. "Paramount is the perfect partner to allow us to accomplish all those goals."

"In addition to providing a platform to further grow our retail presence in this important market, it also allows us to offer our financial institution's with additional locations where customers can have access to cash," concluded Fernandez.

ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing solutions incorporating technology allowing consumers, retailers and financial institutions to interact with each other. Paramount's services include the placement and operation of ATMs, digital media solutions and other value-added products and services at the ATM. The company's Sharenet division specializes in providing ATM outsourcing solutions to financial institutions. Visit www.paramountmgp.com to learn more.

More on The PennZone

• Grace Montessori School Awarded $56,180 to Support Scholarships for 15 Students
• Win a $5,000 VIP Family Experience at the 100th Thanksgiving Day Parade in New York City
• CB Stuffer Announces Private Sale to Secure Future of Brand Growth
• Brother Marcus Celebrates 400th Episode of The Elements of Inspiration Podcast
• USA Dental Edge Unveils Dental Intelligence

ABOUT CNY ATM — CNY ATM is a full-service ATM company specializing in offering the best ATM products and services at the best price available. Our success has been the result of 100 percent services levels and our commitment to helping our partners get the best programs, advice and pricing to suit each customer individual needs. Visit www.cnyatm.com for further information.