Global Axcess Corp Announces Adoption of Stock Repurchase Program

JACKSONVILLE, Fla., May 11 /PRNewswire-FirstCall/ -- Global Axcess Corp (OTC
Bulletin Board: GAXC) (the "Company"), an independent provider of ATM
solutions, today announced that its Board of Directors has approved a stock
repurchase program authorizing the purchase of up to $150,000 of the Company's
outstanding common stock. The repurchases will occur monthly, at a price per
share of $0.30 or less, over a period of one year. The stock repurchase
program will be funded by cash from operations.

Mr. George McQuain, Chief Executive Officer of the Company, stated, "The first
quarter of 2009 was a strong quarter for Global Axcess. Through our strategic
focus on operational excellence, attention to detail and frugal expense
management we have delivered a profitable quarter even with the CAMOFI and
Wachovia related write offs. These accomplishments validate the strength and
resilience of our operating philosophy.

However, our Board of Directors, our employees and I are not satisfied. We
realize that during that same time period our stock price has languished. For
that reason, we are focusing on strategies to maximize shareholder value.

Historically, we have done a very good job of reducing costs. To maximize
shareholder value we must do more. It is my belief that to maximize
shareholder value the Company must grow EBITDA through profitable sales growth
while being very prudent in the deployment of our capital.

The key consideration for us is what is the best use of our cash?

In light of this, we are beginning to implement a number of strategic
initiatives to maximize shareholder value. Because we believe our stock is
undervalued, the first of these initiatives that we are announcing is this
stock buyback program."

About Global Axcess Corp
Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001
with a mission to emerge as the leading independent provider of ATM services
in the United States. Through its wholly owned subsidiary, Nationwide Money
Services, Inc. ("NMS"), the Company provides turnkey ATM management solutions
that include cash, project and account management services. NMS currently
owns, manages or operates approximately 4,300 ATMs in its national network
spanning 44 states. For more information on the Company, please visit
http://www.globalaxcess.biz.

Investor Relations Contact:
Sharon Jackson, 904-395-1149
Sharon.Jackson@GLXS.biz

This press release may contain forward-looking statements. Such
forward-looking statements may be identified by, among other things, the use
of forward-looking terminology such as: "believes," "expects," "may," "will,"
"should" or "anticipates," or the negative thereof or other variations thereon
or comparable terminology, or by discussions of strategy that involve risks
and uncertainties. Various important risks and uncertainties may cause the
Company's actual results to differ materially from the results indicated by
these forward-looking statements. For a list and description of the risks and
uncertainties the Company faces, please refer to Part I, Item 1 of the
Company's Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on March 3, 2009, and other filings that have been filed with the
Securities and Exchange Commission. The Company assumes no obligation to
update any forward-looking statements, whether as a result of new information,
future events or otherwise, and such statements are current only as of the
date they are made.

SOURCE Global Axcess Corp

Investor Relations, Sharon Jackson, +1-904-395-1149,
Sharon.Jackson@GLXS.biz