Sounds like we've experienced the same as ANYONE else who's bought the CyberSystems terminals.
Both my friend and I had enough sense to be cautionary about the potential locations for terminals. We were TOLD that Nationwide Cybersystems had a location team that was getting top-quality, high-traffic sites for their so-called business partner/investors (more on that in a little bit). They made a big point about SAYING that this is how they differed from their competition. They had the location team and their competition did not.
What's the reality of that?
It is now coming up on a year I have only been able to locate 4 out of his five terminals. Most of the sites Nationwide sent were "B" or "C" grade hotels with low occupancy projections and marginal meeting facilities.
Originally, we had been told that the standard "percentage" owed to owners of the sites would be 10-20%. In desperate attempts to get locations, Nationwide was often trying to get mus to take sites asking 30-40% (An attorney later told me that this was a "reasonable" percentage for a vending operation...of course you couldn't explain to the attorney the difference between this unit and a soda-dispensing machine.)
Of course, we would have gladly agreed to such terms in high-traffic locations with high potential. However, that is NOT what was being offered.
What about other high-traffic areas like airports? At the outset Nationwide Promised such sites to those who bought enough units. Even though I invested in 5 machines, I was told by Nationwide at first that he would not qualify for placement in the Atlanta Airport. That "deal" which Nationwide was supposedly working out was going to go only to the "largest" of their investors.
It was only after I took his complaints all the way to the President's office at Nationwide that I was promised (none of this would ever be put in writing as was requested time and time again) that I would be allowed to move his machines to the airport "deal" if my machines were not place by the time the agreement had been reached and only if they were not making money.
It's a year later, and none of my machines are making money and nothing of this promise has been kept. Our instincts are that the airport never bought into the Nationwide scheme ---
The leadership at Nationwide put out enthusiastic "reviews" for sports bars as places to locate the terminals. I didn't feel it in my gut, but with no other prospects, finally reconsidered and took the Nationwide advice. I have two units in sports bars/restaurants in some of the most high-traffic areas in Atlanta. They are pulling in more money than the other two locations (motels) but that's not saying much: total earnings about $12 a month maximum to date. That won't even cover the cost of the DSL hookup which YOU, the owner has to pay for after the first year of ownership of your systems.
We just heard yesterday from one of the vendors we called to try to get my 5th. unit out of storage and sent back to Pemberton/Nationwide about the class action lawsuits. We're trying to find out how to get in.
I haven't been working for two years and relied on all the "projected" data this company put out as a viable business opportunity that was supposed to be my ONLY means of income. Sad to hear there are so many that share this EXACT same experience.