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Newsbit

LOS ANGELES, July 28 /PRNewswire/ -- Cash Technologies, Inc. (Nasdaq: CHNG) announced today the formation of an alliance with BEA Systems, Inc., (Nasdaq: BEAS) to provide the first e-commerce platform using BEA TUXEDO's transaction middleware product and the Windows(R) NT(TM)/Intel computing environment designed to achieve mainframe-caliber reliability for mission-critical applications. Specifically, the Company's EMMA(TM) (E-Commerce Message Management Architecture) platform is designed to conduct multiple, simultaneous, complex financial transactions on virtually any system -- from ATMs to desktop computers.

Cash Tech's global financial services customers can benefit from the partnership by being able to offer a complex array of financial services from a single electronic source, such as an automated teller machine (ATM). For example, the system is designed to allow a customer to get a money order, a pre-paid phone card and a savings account withdrawal in the same transaction at an ATM. Typically, ATM systems use older and more costly mainframe computers, making it more difficult and costly to add new services. Using EMMA with BEA TUXEDO and Windows NT companies can quickly deploy new services and significantly reduce the cost of developing new ATM kiosks.

"Our partnership with BEA helps provide EMMA with the reliability and scalability of some of the world's largest financial e-commerce applications that run BEA TUXEDO, including systems at Nasdaq, E*Trade, and Amazon.com, " said Bruce Korman, president and CEO of Cash Technologies, Inc. " But unlike those applications, which rely on mainframe systems each having a highly specialized purpose, EMMA uses BEA TUXEDO to provide an information pipeline to move multiple transactions across virtually any system -- from ATMs and PCs to the financial networks and the Internet."

Cash Tech's EMMA system consists of the EMMA client and host platform. Through EMMA, hundreds of transaction types can be processed easily. These include: electronic bill payment; real-time activated pre-paid phone cards; money order issuance; event ticketing; check cashing; Internet based e-commerce products and services; currency deposits; interactive advertising; marketing data acquisition; biometric identification techniques, as well as traditional cash dispensing and other ATM functions.

"Cash Technologies' EMMA platform is a premier example of how e-commerce unlocks the potential for new financial services never imagined a few years ago," said Joe Menard, Vice President of Worldwide Marketing for BEA. "This alliance is important in enabling BEA and Cash Technologies to deliver those services and make them convenient for the customer."

About Cash Technologies, Inc.

Cash Technologies Inc. (www.cashtechnologies.com) develops and markets innovative e-commerce kiosks and systems, including the EMMA transaction processing software, the multifunction ATM-X(TM) automated teller machine (ATM) and the CoinBank(R) advanced self-service coin counter. The Company also provides computerized cash processing services to banks, armored carriers, rapid transit agencies and other cash-intensive businesses.

About BEA Systems, Inc.

BEA Systems, Inc. is a leading provider of mission-critical Web and transaction middleware solutions for the world's largest enterprises. BEA's product line enables end-to-end, integrated solutions for electronic commerce and business-critical systems. BEA products include BEA TUXEDO, the industry's market share leader for distributed transaction management software; BEA WebLogic, a leading application server family providing CORBA, EJB, and enterprise Java solutions; and BEA eLink, a solution for integrating enterprise applications. BEA also provides a comprehensive suite of consulting, education, and customer support offerings to preserve and maximize technology investments in BEA products. BEA is headquartered in San Jose, Calif., and has 52 offices in 24 countries. The company's common stock trades on the Nasdaq National Market under the symbol "BEAS." Additional information on BEA is available on the Internet at www.beasys.com.

Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors disclosed in the company's reports to the Securities and Exchange Commission, including its Form 10-QSB and Form 10-KSB on file with the SEC.

SOURCE Cash Technologies, Inc. 


    /CONTACT:  Mark Scott of Cash Technologies, 213-745-2000, ext. 227/
    /Web site:  http://www.beasys.com /
    /Web site:  http://www.cashtechnologies.com /
    (CHNG BEAS)


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