USA Technologies, Inc. : USA Technologies Issues Statement Regarding Absurd "Endorsement" of S.A.V.E. by James Stuckert
06/25/2012| 08:15pm US/Eastern

Recommend:
USA Technologies, Inc. (NASDAQ: USAT) ("USAT" or the "Company"), a
leader of wireless, cashless payment and M2M telemetry solutions for
self-serve, small-ticket retailing industries, today issued the
following statement regarding James W. Stuckert's "endorsement"
publicized by S.A.V.E.:
In a testament to the S.A.V.E. group's desperation, in a June 25, 2012,
announcement regarding James Stuckert's supposed "endorsement," Mr.
Stuckert was positioned as an independent shareholder. However, Stuckert
is in fact a member of S.A.V.E. and any "endorsement" from him brings
new meaning to the term "self-serving."
USAT shareholders are reminded that their vote is important, no matter
how many shares they own. With the annual meeting days away, time is of
the essence and the Company recommends shareholders to vote today by
Internet or telephone. The Company encourages shareholders NOT to return
or otherwise vote any proxy card sent by S.A.V.E.
Shareholders with questions, require assistance in voting shares, or
need
additional copies of USAT's proxy materials, please call MacKenzie
Partners
at the phone numbers listed below.
105 Madison Avenue
New York, NY 10016
(212) 929-5500 (call collect)
Or
TOLL-FREE (800) 322-2885
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash
transactions, associated financial/network services and energy
management. USA Technologies provides networked credit card and other
non-cash systems in the vending, commercial laundry, hospitality and
digital imaging industries. USAT has been granted 79 patents and has
agreements with Verizon, Visa, Compass, Crane and others. Visit our
website at www.usatech.com.
Forward-looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: All statements other than statements of historical fact
included in this release, including without limitation the financial
position, anticipated connections to our network, business strategy and
the plans and objectives of the Company's management for future
operations, are forward-looking statements. When used in this release,
words such as "anticipate", "believe", "estimate", "expect", "intend",
and similar expressions, as they relate to USAT or its management,
identify forward-looking statements. Such forward-looking statements are
based on the beliefs of USAT's management, as well as assumptions made
by and information currently available to USAT's management. Actual
results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors, including but
not limited to, business, financial market and economic conditions,
including but not limited to, the ability of USAT to retain key
customers from whom a significant portion of its revenues is derived;
the costs and management distractions attendant to Mr. Tirpak's
nomination of himself and six other candidates as director nominees at
the 2012 annual meeting of shareholders; the outcome of the proxy
contest and related litigation; whether the actions of our former CEO
which resulted in his separation from USAT or the Securities and
Exchange Commission's investigation would have a material adverse effect
on the future financial results or condition of USAT; the ability of
USAT to compete with its competitors to obtain market share; the ability
of USAT to obtain widespread commercial acceptance of it products; and
whether USAT's existing or anticipated customers purchase ePort devices
in the future at levels currently anticipated by USAT. Readers are
cautioned not to place undue reliance on these forward-looking
statements. Any forward-looking statement made by us in this release
speaks only as of the date of this release. Unless required by law, USAT
does not undertake to release publicly any revisions to these
forward-looking statements to reflect future events or circumstances or
to reflect the occurrence of unanticipated events.

Investor Contact:
USA Technologies
Veronica Rosa
VP,
Corp. Comm. and Investor Relations
484-359-2138
vrosa@usatech.com
or
Media
Contact:
Gregory FCA
Joe Crivelli
Senior Vice
President
610-228-2100
joec@gregcomm.com
© Business Wire 2012
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