Highlights of 10-Q for periods ending
-- 6.2% Revenue increase for six months ending
-- $260,000 in new recurring revenue from new contracts. -- $600,000 reduction in debt.
-- SG & A includes a non-recurring one time expense in excess of
-- Decrease in interest expense for the quarter and six month reporting periods.
-- Operating Expenses include
"We are excited that we have accomplished substantial improvements in the
key fundamentals of our business, and its just the tip of the ice berg of what
we believe the company's future holds," said
About Money Centers of America
Money Centers of America, Inc. is a financial technology company providing cash access services, Transaction Management Systems, and financial networks to the gaming industry, utilizing a customer-centric approach that is aimed at leveraging technology, generating value, and creating measurable results in profitability, customer satisfaction and loyalty. For a complete corporate profile on Money Centers of America, Inc., please visit our corporate website at http://www.moneycenters.com .
Safe Harbor:
All statements in this document that are not historical are forward-
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You are cautioned not to place undue reliance on any
forward-looking statements in this document, as they reflect Money Centers of
America's current views with respect to future events and are subject to risks
and uncertainties that could cause actual results to differ materially from
those contemplated. These risks and uncertainties are discussed in greater
detail in Money Centers of America's periodic reports on Form 10-KSB and Form
10-QSB filed with the Securities and Exchange Commission, including, in
particular, the section entitled "Risk " in Money Centers of America's annual
report on Form 10-KSB for the year ended
SOURCE Money Centers of America, Inc.