Release Details

MALVERN, Pa., Apr 06, 2010 (BUSINESS WIRE) -- USA Technologies, Inc. (NASDAQ:USAT), a leading supplier of networked devices and wireless non-cash transactions, associated financial/network services and energy management, has increased the devices connected to its network to over 73,000 as of March 31, 2010 compared with the 71,000 devices in its strategic plan.

George Jensen, Chairman and CEO of USA Technologies, said, "Having attained this milestone of 73,000 devices connected to our network by the end of March 2010, we believe we are on our way towards our goal of an expected 100,000 devices connected to our network by the end of December 2010. Achieving the March 31, 2010 connection goal demonstrates our Company's continued progress toward executing our strategic plan."

"As we continue to increase and diversify our customer base, I am pleased to note that we posted a 16% sequential quarterly increase in customers to approximately 900 as of March 31, 2010 compared to approximately 775 as of December 31, 2009. By using our products and services, we believe that our customers, who include a diversified group of large and well-known global brands, as well as small- to mid-size businesses, receive a demonstrable return on their investment," said Mr. Jensen.

The Company's financial results for the quarter ended March 31, 2010 will be reported in the Company's Form 10-Q which the Company anticipates filing with the Securities and Exchange Commission by no later than May 14, 2010.

About USA Technologies

USA Technologies (www.usatech.com) 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. The Company has agreements with AT&T, Visa, MasterCard, Compass and others.

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, 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 the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company'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 the Company to retain key customers from whom a significant portion of its revenues is derived; the ability of the Company to compete with its competitors to obtain market share; the ability of the Company to estimate, anticipate, or control its cash and non-cash expenses, costs, or charges; the ability of the Company to obtain widespread and continued commercial acceptance of it products or services; or and whether the Company's existing or anticipated customers utilize or purchase e-Port devices in the future at levels currently anticipated by the Company. 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, the Company 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.

SOURCE: USA Technologies, Inc.

USA Technologies Contact:
George Jensen, Chairman & CEO
Stephen P. Herbert, President & COO
e-mail: sherbert@usatech.com
Phone: (800) 633-0340
or
Investor Relations Contact:
Marlon Nurse, Vice President
Porter, LeVay & Rose, Inc.
Phone: (212) 564-4700

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