USA Technologies Approved for Listing on NASDAQ Global Market
MALVERN, PA, July 31, 2007 -- USA Technologies (NASDAQ: USAT) announced today that the NASDAQ Stock Market has approved its application to upgrade its listing from the NASDAQ Capital Market to the NASDAQ Global Market. Trading of the Company's stock on the NASDAQ Global Market will commence at the market open on Wednesday, August 1, 2007 under the company's current ticker symbol "USAT". The NASDAQ Global Market consists of over 1,450 companies that have met, and continued to meet, stringent financial and liquidity requirements and agreed to meet specific corporate governance standards.
"We are pleased that USA Technologies meets the very high standards for listing on the NASDAQ Global Market," said George Jensen, Chairman and CEO of USA Technologies. "This is an important step that will provide increased market visibility and access to the institutional marketplace. It reflects our continued revenue growth and the hard work and dedication of our management and employees."
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether its pending patents will be granted or defendable; validity of intellectual property and patents of USA, the ability of USA to license its patents, the ability of USA to commercialize its developmental products, technological and/or other factors, which could cause actual results or revenues to differ materially from those contemplated by these statements.