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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. Launches New Cash Access Solutions for the Gaming Industry

08/09/2005 9:01pm

Business Wire


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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.

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