Global Payment Technologies, Inc. Outlines Vision

  
    
  
  
    
      Global Payment Technologies, Inc. (BULLETIN BOARD SYMBOL:GPTX.OB)(GPT) 
      Andre Soussa, the Chairman of the Board and CEO of Global Payment 
      Technologies, Inc. (“GPT”) 
      stated,” Approximately 4 months ago, I 
      invested personal funds in GPT and became Chairman and CEO. At the same 
      time, we appointed new board members who could bring a fresh outlook as 
      well as needed expertise during these difficult times. GPT had been 
      known in the industry as an innovator and a leader in currency 
      validation, but it has stumbled in the past several years and has fallen 
      behind in its technology and support of its customers. I invested in GPT 
      because I believe that the company can be rejuvenated and returned to 
      being a strong competitive company in the industry. Although it will 
      take dedicated effort to get us there, we have begun the process with a 
      team of people that are as dedicated at the task as I am.
    
    
      “We have created a five part strategic plan 
      that addresses Finance, Products, Sales & Marketing / Service, 
      Manufacturing, and Personnel each in short term and long term. We have 
      conducted an analysis of our core technologies and identified those 
      areas where we have a competitive edge in our existing Gaming and 
      Vending markets. Once we stabilize the business, we can utilize those 
      technologies to expand our product offerings into other cash handling 
      markets.
    
    
      “In this short space of time, we have taken 
      steps to reduce costs with a goal of becoming profitable quickly and 
      stopping the cash drain. Among the steps we have taken we have reduced 
      our operating expenses by $300,000 in our London and Moscow facilities 
      and we have reduced our expenses to date in our New York office by 
      approximately $500,000. We are scaling the organization to a point of 
      best fit by changing the processes along the way. In fact, we should be 
      able to produce more with less. The longer term goal is to create an 
      efficient global organization with an infrastructure that is capable of 
      operating competitively in all of the market regions.
    
    
      “Customer service and fast response is 
      critical to our business and we have created an organization which 
      covers the market globally on a 24/7 basis. At any hour of the day, any 
      customer can contact one of our representatives to resolve an issue or 
      answer a question. We have personnel in the United States, Europe and 
      Australia ready to assist our customers. In addition to providing this 
      level of customer service, we are restructuring our sales team to more 
      effectively address each of the 87 countries that we have databases for. 
      We are adding new distributors and sales agents to expand our markets. 
      We need to get the message to our current and future customers that GPT 
      has a very competitive and competent product solution to offer and 
      furthermore is a company that is here to stay and grow.”
    
    
      “We have reviewed our product offerings and 
      our engineering team is developing new and improved versions of our 
      product destined for a quick release to the market. We have taken the 
      best components of our existing product suites including the 87 
      databases of software and are developing the next model gaming unit 
      which we anticipate to release in the next few months. Our high speed 
      SA4 (gaming product) as well as the Falcon (Gaming/Vending products) 
      continue to perform strongly in the industry and are unrivaled in 
      acceptance speed in their respective markets. We will continue to 
      manufacture and sell the SA4 and the Falcon. The new product (which is 
      yet unnamed) will expand our gaming family of GPT bill acceptors. At the 
      same time we continue to increase our base of Intellectual Property 
      (I/P). We have already registered two new patents pending and intend to 
      release several others in the next few months. In addition, our 
      engineers continue to work on the development of our new breakthrough 
      product.
    
    
      “The immediate plan in manufacturing is to 
      create greater efficiencies through “Engineering 
      for Manufacture” programs as well as creating 
      subassemblies that can be assembled in lower cost overhead production 
      facilities. The longer term plan will be more comprehensive and will 
      employ international best practices to strengthen GPT’s 
      status as a world class manufacturer.
    
    
      “Our dedicated employees are working hard to 
      reclaim our position as an industry leader. The longer term plan will be 
      to expand to a global team of employees, distributors and agents with 
      the prerequisite experience to take GPT to a market leading position.
    
    
      “Through a series of regular press releases, 
      I intend to share our progress with you, our shareholders, and 
      customers. We have had many challenges so far but have progressed to 
      plan and intend to continue in great strength.”
    
    
      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.