Cash Systems (AMEX:CKN)
Historical Stock Chart
From Dec 2019 to Dec 2024
Cash Systems, Inc. (Amex: CKN), a provider of cash
access solutions for the gaming industry, today announced the launch
of cashclub and totalcash products, as well as the Company's third
generation web reporting platform. The new products create value for
casino operators and patrons by enhancing cash accessibility on the
casino floor. More specifically:
-- cashclub brings convenience to the casino floor by enabling
all financial transactions to occur at the ATM. With cashclub,
gaming patrons can now get cash advance, POS debit and
electronic check cashing services at Cash Systems' All-In-1
ATM and Stay 'N Play products. cashclub will eliminate lines
at the casino's cage, leading to increased customer
satisfaction. Adding cashclub as a feature to casino's
traditional players club card programs allows the players club
card to become a cash access card, enabling players to receive
funds at Cash Systems' All-In-1 and Stay 'N Play products.
Additionally, a Cash Systems patent pending, exclusive service
allows cashclub customers bonusing options never seen before
in the cash access industry.
-- totalcash incorporates the All-In-1 ATM software, ticket
redemption, bill breaking and cashclub into one machine. A
casino typically has four different machines on the floor to
handle financial transactions, ticket redemption and bill
breaking. Cash Systems allows casinos to simplify the floor by
replacing these separate machines with totalcash machines,
which incorporate all functions into one device. Players no
longer have to search for a specific kiosk for a specific
function, and additional totalcash machines throughout the
gaming floor means even more points of access for ticket
redemption, bill breaking, cash advance, POS debit, electronic
check and ATM transactions.
-- The third generation web reporting platform includes major
enhancements like live web reporting and hundreds of
customizable reports, including a new "Super Report" feature
and the first-ever Premium Cash Player Report. Using Cash
System's new web reporting platform, clients utilize the most
comprehensive player and marketing data platform on the market
today.
Michael Rumbolz, Chairman and Chief Executive Officer of Cash
Systems stated, "We are dedicated to innovation and driving value
across the casino floor. The products we are introducing today create
value for our clients, eliminating lines at the cage, reducing labor
costs, driving additional value to player club card programs and
providing tangible marketing information never seen before from a cash
access company. cashclub is another step on the road to a cashless
gaming environment."
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.