Global Payment Technologies, Inc. Announces New Board of Directors

  
    
  
  
    
      Global Payment Technologies, Inc. (BULLETIN BOARD SYMBOL:GPTX.OB)(GPT) 
      announced that it had filed Schedule 14(f) with the Securities and 
      Exchange Commission identifying its new board of directors. As 
      previously announced, Richard Gerzof stepped down as Chairman of the 
      Board, but remains as a director of the Company. Andre Soussa was named 
      Chairman of the Board and Chief Executive Officer. The remaining members 
      of GPT’s board resigned effective February 5, 
      2008. They will be replaced by David Crompton, Steven Hugh Crisp and 
      Robert W. Nader on March 10, 2008, 10 days after the filing of the 
      Schedule 14(f).
    
    
      Andre Soussa, who was recently named Chairman of the Board and Chief 
      Executive Office of GPT, is CEO of Global Payment Technologies Australia 
      (“GPTA”), GPT’s 
      largest distributor and customer. He also founded Ecash Pty Ltd, an 
      Australian payment device company in 2000. Andre is an Australian 
      national who has spent many years prior to GPTA in senior executive 
      roles in multinational high technology organizations. He has spent many 
      years in sales, marketing and product development in markets such as 
      Gaming, Communications, & Electronic Media. Andre has an extensive 
      entrepreneurial business outlook with specialties including executive 
      management, corporate strategic planning, and product strategic 
      planning. He holds a Bachelors degree in Electronics Engineering
    
    
      David Crompton has been a member of the law firm Church & Grace in 
      Australia since 1999 and has 19 years experience as a lawyer in private 
      practice. He is admitted to practice law in the Courts of the 3 
      Australian states. He is engaged primarily in commercial, corporate & 
      compliance and finance law and advising in transactions. His clients 
      include public companies from the commercial, trading, manufacturing and 
      importation & distribution sectors, financial services companies and 
      fiduciaries, and international companies. He has previously been a tutor 
      in commercial law at the University of Technology, Sydney. He holds the 
      degrees of Bachelor of Economics (accounting and finance), Bachelor of 
      Laws and Master of Laws and a post-graduate Diploma of Applied Finance 
      and Investment. He is a member of The Law Society of New South Wales and 
      a Senior Associate of the Financial Services Institute of Australasia.
    
    
      Steven Hugh Crisp, an Australian national, has extensive management 
      experience in senior leadership positions with large internationally 
      recognized global information and communications technology 
      organizations. For the past 5 years, he has held the role of Senior Vice 
      President and Chief Operating Officer of Getronics Asia Pacific Japan. 
      He also sits on multiple company and joint venture boards across Asia 
      Pacific and Japan. He has a Bachelor of Business from Curtin University 
      and is a qualified CPA. He holds an Executive MBA (with distinction) 
      from the Australian Graduate School of Management. His specialties 
      include international business development and management, distressed 
      business recoveries and the strategic planning for startup operations.
    
    
      Robert W. Nader, since April 2005 has been President/Chief Operating 
      Officer and Director for Caribbean CAGE, LLC a route operator for video 
      lottery terminal technology in the Caribbean and Latin America. From 
      October 2001 to January 2005, he was President of United Coin Machine 
      Co., a $200,000,000+ a year revenue company with route operations of 
      8,000+ machines for the Nevada market. From 1995 to 2001, he was Senior 
      Vice President Sales/Business Development for Global Payment 
      Technologies, Inc. He has a Master of Business Administration from the 
      Peter F. Drucker Graduate Management Center and a Bachelor of Science in 
      Engineering from the University of Nevada, Las Vegas. He has also been 
      licensed twice by the Gaming Control Board in Nevada.
    
    
      Andre Soussa, CEO said, “I am very pleased 
      with the appointment of the new board of directors. The combined 
      experience and expertise of each board member will contribute greatly to 
      GPT’s direction in the gaming industry and in 
      international business. There is a great deal of work to be done and we 
      are confident that it will result in rebuilding GPT’s 
      reputation for product innovation and provide the products and support 
      our customers have come to expect and frankly, deserve from GPT. This is 
      the start of a new GPT and we have begun the transition from the top.”
    
    
      Global Payment Technologies, Inc. is a United States-based designer, 
      manufacturer and marketer of automated currency acceptance and 
      validation systems used to receive and authenticate currencies in a 
      variety of payment applications worldwide. GPT's proprietary and 
      patented technologies are among the most advanced in the industry. 
      Please visit the GPT web site for more information at http://www.gptworld.com
    
    
      Special Note Regarding Forward-Looking Statements: A number of 
      statements contained in this release are forward-looking statements 
      within the meaning of the Private Securities Litigation Reform Act of 
      1995 that involve risks and uncertainties that could cause actual 
      results to differ materially from those expressed or implied in the 
      applicable statements.