NEWS RELEASE

 

FOR IMMEDIATE RELEASE

 

The Banker’s Store outlines growth strategy for serving the financial industry

  • Annual meeting set for January 11

 

BOWLING GREEN, Ky. (December 11, 2006) -- In a letter to shareholders, The Banker’s Store (OTC BB: BSTR.OB) announced plans to expand its presence within the financial services support industry.

 

President and Chief Executive Officer Vince Buckman told shareholders that the company is pursuing a growth strategy that would involve acquiring or merging with a number of regional financial service providers and opening “Banker’s Store” showrooms in additional cities.

 

The Banker’s Store, founded in 1968, sells, services and maintains a variety of equipment used within the banking industry, including ATMs, imaging equipment and digital security systems. It also sells new and refurbished safe deposit boxes, safes, banking office furniture and other specialized equipment.

 

“Our plans are to grow The Banker’s Store by acquiring companies that offer banking support services similar to ours,  in regions close to or overlapping our current operations,” Buckman said “We also plan to acquire companies that offer strategic products or services that we do not currently provide.”

 

By broadening the company’s geographic reach and offering a more comprehensive suite of products and services, Buckman said The Banker’s Store would be better able to meet the needs of its key customers – regional community banks and financial institutions.

 

Buckman and Chief Financial Officer Sam Stone, both banking services industry veterans, joined The Banker’s Store’s leadership team last October.  As chairman of the board, Founder Paul Clark is overseeing the execution of the company’s expansion strategy. The company will require significant additional financing to carry out its growth plans.

 

(more)


Buckman said internal personnel and procedure reviews are underway to ensure the company can seamlessly integrate new businesses and expanded growth into its operations.

 

At the company’s annual meeting, scheduled for January 11, 2007, 4:00 p.m., at the Banker’s Store offices (1535 Memphis Junction Road, Bowling Green), shareholders will vote on the re-election of current directors, the appointment of auditors, and employee and officer incentive plans.  After the business section of the meeting, management plans to review its fiscal year 2006 and first quarter 2007 results.

 

About The Banker’s Store

 

Primarily through its B.G. Banking Equipment division, The Banker’s Store sells, services and maintains a variety of equipment used within the banking industry, including ATMs, imaging equipment and digital security systems. It also sells new and refurbished safe deposit boxes, safes, banking office furniture and other specialized equipment. The Banker’s Store trades Over the Counter under the symbol BSTR.OB. More information about the company can be found at www.bankersstore.com.

 

Safe Harbor Statement

Statements concerning expected financial performance, on-going business strategies, and possible future actions which the Company intends to pursue in order to achieve strategic objectives constitute forward-looking information. Implementation of these strategies and the achievement of such financial performance are each subject to numerous conditions, uncertainties and risk factors. Factors which could cause actual performance by the Company to differ materially from these forward-looking statements include, changes in general economic and business conditions; the availability and terms of sufficient capital and adequate financing to fund the Company's business plan and growth strategy; the ability to consummate and successfully integrate acquisitions; the success and financial condition of the Company's significant customers; competition; acceptance of new product offerings; changes in business strategy or plans; quality of management; the Company's ability to maintain an effective system of internal control; cost and price changes; availability of raw materials; business abilities and judgment of personnel; changes in, or the failure to comply with, government regulations, legal proceedings and developments; increases in general interest rate levels affecting the Company's interest costs; and terrorism and political unrest. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

For more information:

 

Vince Buckman, CEO, 270-781-8453

Cindy Hayden, corporate secretary, 270-781-8453

Terry McWilliams, president, Mozaic Investor Relations, 502-410-2113 (terrym@mozaicir.com)

 

NOTE TO EDITORS: Please contact Terry McWilliams for a photo of Mr. Buckman and a Banker’s Store logo.