Business Services Industry

Cash Systems, Inc. Bolsters Sales and Marketing Efforts; Appoints John F. Glaser to Executive Vice President of Sales and Marketing

Business Wire, May 23, 2005

MINNEAPOLIS -- Cash Systems, Inc. (Amex: CKN), a provider of cash access solutions for the gaming industry, today announced the appointment of John F. Glaser to Executive Vice President of Sales and Marketing, effective in June. Mr. Glaser will be based in Las Vegas, NV, and will lead the company's sales and marketing initiatives aimed at growth opportunities in the cash access market.

"We are very pleased to welcome John to Cash Systems. His proven experience in business development, particularly in the gaming sector, bolsters our sales and marketing capabilities and complements our 2005 plan to continue rapidly growing our customer base," commented Michael D. Rumbolz, Chief Executive Officer of Cash Systems.

John F. Glaser has over 20 years of sales and marketing experience, including 12 years of experience in the gaming sector. He is the former Vice President of Sales for Bally Gaming & Systems, where he oversaw the sale and leasing of gaming machines for the US and Canadian markets. Prior to joining Bally Gaming & Systems in 1997, he was the Director of Sales for International Game Technology, where he was responsible for hiring, training and developing the sales and sales support staff as well as for the sale and leasing of over 79,000 gaming machines. Mr. Glaser joined International Game Technology in 1992 from The Circle K Corporation, where he spent eight years as Manager and Regional Marketing Director.

About Cash Systems, Inc.

Cash Systems, Inc., located in Minneapolis and Las Vegas, is a provider of cash access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit http://www.cashsystemsinc.com for more information.

This press release may contain forward-looking statements, including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the Company's plan of operation, changes in the Company's anticipated earnings, continuation of current contracts, gaming and other applicable regulations, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update any forecasts that it may make available to the investing public.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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