Olympia Financial Group Inc.
TSX : OLY

Olympia Financial Group Inc.

May 04, 2016 18:32 ET

Olympia ATM Inc. Awarded Contract with the City of Calgary to Install and Operate 75 ATMs at Calgary Transit CTrain Stations

CALGARY, ALBERTA--(Marketwired - May 4, 2016) - Olympia Financial Group Inc. (TSX:OLY) is pleased to announce that its wholly-owned subsidiary Olympia ATM Inc. has been awarded a one-year contract, with five additional one year term optional extensions, with the City of Calgary for the placement and operation of up to 75 ATMs at Calgary Transit CTrain stations. It is anticipated that the installation of the ATMs will be completed prior to June 30, 2016.

Olympia's successful proposal offers City of Calgary Transit LRT Riders convenient access to withdraw their own cash at rates considerably lower than those charged by other financial institutions. The surcharge per transaction for using the ATMs located at CTrain stations will be $1.00 for cash withdrawals of $60 or less and $1.50 for cash withdrawals above $60. Olympia believes that this unique low-surcharge model will be a significant benefit to Transit customers and will result in a significant increase in our transaction volumes.

About Olympia Financial Group Inc.

Olympia Financial Group Inc. ("OFGI") conducts most of its operations through its wholly-owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered accounts and offers foreign currency exchange services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and operates an ATM business through its wholly-owned subsidiary Olympia ATM Inc.

OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

Contact Information

  • Olympia Financial Group Inc.
    Rick Skauge
    President and Chief Executive Officer
    (403) 261-0900
    (403) 265-1455 (FAX)

    Olympia Financial Group Inc.
    Gerhard Barnard
    Vice-President, Finance and Chief Financial Officer
    (403) 261-0900
    (403) 265-1455 (FAX)