Global Payment Technologies, Inc. Will Launch Its New Synergy Line At the World Gaming Congress October 18 - 20, 2000, Las Vegas, Nevada

Business Wire, Oct 4, 2000

Business/Technology Editors

World Gaming Congress

VALLEY STREAM, NY--(BUSINESS WIRE)--Oct. 4, 2000

Global Payment Technologies, Inc. (NASDAQ Symbol:GPTX) ("GPT"), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries, today announced that it will launch its new Synergy product line at the World Gaming Congress, which will be held in Las Vegas, Nevada October 18 - 20, 2000.

The revolutionary ARGUS validator (formerly buzz-named GIII) is the initial product to be debuted in GPT's Synergy line. ARGUS inherits its name from the Greek mythological "all seeing guardian" who had the ability to see in all directions at all times. ARGUS is a worldwide note validator, which can process multi-country databases, consisting of up to 30 notes (between 2.44 inches to 3.35 inches in width), in 4 directions. ARGUS is designed to be a one size fits all validator, that uses the same hardware for every currency throughout the world. ARGUS is also equipped with a standard bar code reader, which has the added capability of reading coupons and currency at the same time.

"This greatly simplifies our customers' design and inventory requirements and allows the flexibility of easily converting the product to a new country database by downloading software. GPT expects to redefine the role of the validator in the Synergy line from a `bank-note acceptor' to a `multi-medium transaction processor," explains Bill Nader, Global Payment Technologies' Senior Vice President, Sales and Business Development.

In addition to ARGUS, GPT's Synergy line will also initially consist of the following products:

- A universal security lockable Stacker capable of handling notes from 60 to 85
mm.

- The patented SDA (Soft Drop Analyzer) stacker option, which enables financial
and technical performance data to be retrieved directly from the Stacker.

- Palm Pilot(TM) hand-held downloading device and application software that
provides the user with the ability to download and troubleshoot validators in
the field.

In the future, GPT plans to offer with ARGUS the option of incorporating smart-card and mag-card technologies.

The ARGUS sensor system has a patented Red, Green, Blue and Infrared (RGBI) optical array, which generates 56 channels of high-resolution data. It is arranged in a unique layout that allows for the analysis of a note's signature (fingerprint) without any gaps between optical sensors. The optical information provided by ARGUS is reflective (off the note), transmissive (through the note) and a combined RGB pattern of reflective data to create a color signature of the note being evaluated. The ARGUS validator also has a high-sensitivity magnetic sensor and high-resolution Side-Looking Sensors(TM).

"ARGUS is both evolutionary and revolutionary," adds Nader. "It is evolutionary in that it is compatible with the current Generation II products used in over 50 countries today and revolutionary in that it will lead the industry in features, flexibility and performance. Further, when the optical information is used alongside with the magnetic sensor, the validator sets new standards for worldwide currency acceptance and fraud rejection. GPT anticipates releasing additional products in the future that will join the Synergy line of products and will continue its research and product development efforts to offer products that set new standards in the gaming, beverage, and vending industries."

Global Payment Technologies, Inc. is a United States-based designer, manufacturer, and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT's proprietary and patented technologies are among the most advanced in the industry. Please visit the GPT web site for more information at http://www.gpt.com.

Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; GPT's dependence on the paper currency validator market and its potential vulnerability to technological obsolescence; possible risks of product inventory obsolescence; potential difficulties in manufacturing operations; potential shortages of key parts and/or raw materials; potential difficulties in managing growth; dependence on a limited base of customers for a significant portion of sales; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in GPT's Securities and Exchange Commission filings.