Cash Technologies, Inc. Agrees to Install Trial Coin Machines
10:29 a.m. Oct 22, 1998 Eastern
LOS ANGELES, Oct. 22 /PRNewswire/ -- CoinBank Automated Systems, Inc. ("CoinBank"), a wholly owned subsidiary of Cash Technologies, Inc. (Nasdaq: CHNG), announced today that it has reached agreements with one national and three regional retailers to install CoinBank(R) machines on a trial basis. These retailers, which include two NYSE companies, operate a combined total of 2,119 store locations throughout the United States.
"Our marketing efforts have produced excellent results in the short time since our July IPO," said Cash Technologies Chairman and CEO Bruce Korman. "These customers, representing more than 2,000 possible CoinBank(R) locations, have recognized the advantages that our advanced coin counting kiosks can offer over other choices competing for their valuable floor space."
Cash Technologies, Inc. develops and markets innovative e-commerce kiosks, including advanced self-service coin counters and the multifunction ATM-X(TM) automated teller machine. The Company also provides computerized cash processing services to banks, armored carriers, rapid transit agencies and other cash-intensive businesses. SOURCE Cash Technologies, Inc.
Copyright 1998, PR Newswire
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