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

• ASR Media, Social T Marketing & PR Announce Merger
• $780,000 Project for New Middle East Police Service with Deposit Received and Preliminary Design Work Underway for Lamperd: Stock Symbol: LLLI
• The 3rd Annual Newark Summit for Real Estate, Economic Development & Placemaking Returns February 9th
• Ski Safety Awareness Month highlights why seeing clearly and wearing modern protection matters more than ever
• Vent Pros Expands Operations into Arizona to Meet Growing Demand for Commercial Ventilation and Kitchen Hood Cleaning Services

"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

• Klein Civil Rights Expands with New Offices in New York's Historic Woolworth Building
• Biz Hub Financial Hosts 9th Annual Client Appreciation Event, Awards $1,000 CARES Community Grant
• Green Office Partner Appoints Aaron Smith as Chief Revenue and Growth Officer
• A Family Completes a Full Circumnavigation of the Globe in a Self-Contained Camper Van
• Former Google Search Team Member Launches AI-Powered SEO Consultancy in Las Vegas

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.