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CKN Cash Systems

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Share Name Share Symbol Market Type
Cash Systems AMEX:CKN AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Cash Systems, Inc. Awarded Patent

14/10/2005 2:00pm

Business Wire


Cash Systems (AMEX:CKN)
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Cash Systems, Inc. (Amex: CKN), a provider of cash access solutions for the gaming industry, today announced that it has been awarded U.S. Patent No. 6951302, covering the Company's technology that immediately captures and transfers data from a drivers license to a customer database. This technology allows a casino to swipe a patron's drivers license to complete a credit card cash advance transaction in under 60 seconds, while immediately populating a casino's customer database. Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems stated, "In the casino environment, time equals money, and this patent covers our existing ability to significantly expedite the credit card cash advance process where it matters most, on the casino floor. Instead of manually inputting key data into a database, we enable our casino clients to do this in real time with the swipe of a drivers license." About Cash Systems, Inc. Cash Systems, Inc., located in Minneapolis and Las Vegas, is a provider of cash access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit http://www.cashsystemsinc.com for more information. This press release may contain forward-looking statements, including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the Company's plan of operation, changes in the Company's anticipated earnings, continuation of current contracts, gaming and other applicable regulations, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update any forecasts that it may make available to the investing public.

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