MALVERN, Pa.--(BUSINESS WIRE)--
USA Technologies, Inc. (NASDAQ: USAT), a leader of wireless, cashless
payment and M2M telemetry solutions for self-serve retailing industries,
today announced that the company is expanding its sales team. The hiring
of Hector Benavides, Jr., an accomplished sales professional with
extensive experience and comprehensive knowledge of vending and wireless
telemetry systems, will add immediate value to USA Technologies' sales
force. Mr. Benavides was previously employed by Cantaloupe Systems, a
wireless telemetry services provider for the vending market, where he
was responsible for industry connections throughout the Americas.
"We are thrilled to add a sales professional with Hector's knowledge of
the industry to our team. His experience will be an immediate value to
us given the market demand for our products," said Michael Lawlor, Sr.
Vice President of Sales and Business Development. "The Company is
expanding its sales organization, and the addition of Hector allows USA
Technologies to focus its immediate attention to unrealized
opportunities for our technology."
"I am very excited to be joining USA Technologies at this point in the
company's growth," stated Benavides. "With an industry leading solution,
I believe that the opportunity to grow the customer base is relatively
limitless given the evolution of cashless payment and telemetry
technology. My experience in this industry has shown me there is demand
throughout the industry for USA Technologies' comprehensive solution,
and I look forward to helping new customers enjoy the benefits of the
company's innovative business solutions."
Prior to joining USA Technologies, Benavides was the Regional Sales
Director for Cantaloupe Systems responsible for wireless telemetry
solutions throughout the Americas, developing strategic sales strategies
and promoting their technology solutions in the markets. Previously, he
served as Business Development Manager for the Pepsi Bottling Group
where he was responsible for providing leadership to a team of sales
associates to advance strategic account plans and the creation of sales
proposals yielding profitable account maturity and growth, and was
employed by Hershey as a National Account Team Leader.
USA Technologies recently announced the expansion of its JumpStart
program to include a stand-alone
telemetry option. This makes it possible for owners and operators of
self-service terminals like vending machines to implement USA
Technologies' wireless telemetry solutions with no capital cost and no
long-term commitment. The program also enables these operators to add
the Company's cashless solution later without the need to replace
hardware or contract with another service provider.
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. The Company 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 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; whether the Company's customers continue to operate
or commence operating ePorts received under the JumpStart program or
otherwise at levels currently anticipated by the Company; the ability of
the Company to compete with its competitors to obtain market share; the
ability of the Company to obtain widespread commercial acceptance of it
products; and whether the Company's existing or anticipated customers
purchase ePort 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.
USA Technologies, Inc.
Investor Contact:
Gregory FCA
Joe
Hassett
Senior Vice President
610-228-2110
joeh@gregcomm.com
or
Press
Contact:
Gregory FCA
Katie Nicolai
Account Executive
610-228-2128
katien@gregcomm.com
Source: USA Technologies, Inc.
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