Release Details

MALVERN, Pa. & MENDOTA HEIGHTS, Minn., Oct 07, 2008 (BUSINESS WIRE) -- USA Technologies (NASDAQ:USAT), Inc and AIR-serv, the market leader in the coin-operated tire inflation and vacuuming services space, announced today an agreement where Air-serv will enable their kiosks, over the next two years, to accept credit cards with USA Technologies' ePort and ePort Connect Service. Now motorists who pull into gas stations or convenience stores would soon be able to use their debit or credit card operate the kiosks that will to inflate their tires or vacuum the interior of their cars.

Air-Serv is currently presenting the Companies' combined solution at the NACS Show in Chicago, October 4-7. The NACS Show is the most comprehensive annual gathering of retailers and suppliers in the global convenience and petroleum retailing industry.

"Motorists will no longer need to carry coins, or go into the gas station or convenience store to convert bills into change to operate the air compressor or vacuum," said Tom Bauer, President, AIR-serv. "We are installing the USA Technologies e-Port cashless transaction solution on our tire inflation compressors and vacuum machines to give motorists the ease, convenience and speed of being able to use credit or debit cards. The $140 billion convenience and gas industry has proven that consumers are comfortable using debit and credit cards at the pump and in stores to make small purchases. We are confident that these buying habits will be replicated when a consumer needs to inflate tires or vacuum their cars."

Under the agreement with USA Technologies, AIR-serv will install 10,000 e-Port cashless transaction terminals over the next two years. Installations are expected to begin before the end of the year.

"We are excited that AIR-serv has chosen the ePort G8 terminal and ePort Connect service to introduce cashless payment to what was a cash only, point-of-sale business," said Mike Lawlor, Vice President of Sales, USA Technologies. "AIR-serv is adopting G8 ePort to help them grow their business and enhance customer satisfaction. It further demonstrates the growing versatility of our cashless product line as a proven solution, suitable for all forms of unattended POS cashless transaction activity."

"We believe the proven convenience and online auditing and monitoring capability of the e-Port technology and service will help grow our business, improve our operational efficiency, and enhance customer satisfaction," said Mr Bauer.

AIR-serv believes the e-Port service will not only improve operational efficiency, but will encourage repeat visits by motorists and make more valuable use of the motorist's and gas station and convenience store operator's time.

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 agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com.

About Air-serv:

AIR-serv is the industry leader in the coin-operated tire inflation and vacuuming industry. Since 1981, the Company has been leading the way in providing convenient and profitable air and vacuuming services to service stations and convenience stores. There are more than 65,000 installed units worldwide. Customers everywhere appreciate the convenience of 24-hour access and easy operation of AIR-serv services. For further information on AIR-serv. Please visit www.air-serv.com.

Statement under the Private Securities Litigation Reform Act:

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.

SOURCE: USA Technologies

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

Copyright Business Wire 2008

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