Business Services Industry
Cash Systems, Inc. Announces New Contract
Business Wire, Feb 21, 2007
LAS VEGAS -- Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced a new multi-year contract with Choctaw Nation of Oklahoma to provide casinopc for cash advance services, ecash checking and full service booth operation for the Choctaw Casino.
Choctaw Casino operates over 100,000 square feet of gaming space with over 2000 Class II gaming devices as well as over 50 tables offering poker and Blackjack. With the added amenities of off-track wagering and simulcasting of races from all over the country, 102 premium hotel rooms and the Choctaw Coliseum, which can accommodate over 10,000 people, Choctaw Casino is the premier gaming and entertainment location in Oklahoma. Choctaw Casino is open 24 hours a day, seven days a week and is located just 90 miles north of the Dallas/Ft. Worth area.
Related Results
Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems, said, "We are very excited about our new partnership with the Choctaw Nation of Oklahoma. We believe that our selection as their provider reflects the confidence they have in our product offerings and our dedication to customer service. With the addition of the Choctaw Nation of Oklahoma, Cash Systems is now the largest provider of financial services in the state of Oklahoma. We look forward to working with the Choctaw Nation to introduce our full line of products designed specifically for the gaming environment."
casinopc is an exclusive product of Cash Systems that offers the full range of services for processing and completing transactions at the casino cage, all residing on one system. By having all the functionality on one system, the casino cage experiences transactions at a much faster pace, saving time and increasing customer satisfaction.
ecash checking is the quickest and most efficient check cashing and guarantee product in the industry. Casino cage personnel experience faster check cashing times with higher limits for casino patrons.
Full Service Booth Operation allows the gaming establishment to hand off all the responsibility for completing financial transactions within the gaming facility to Cash Systems. This is a turn key solution for the gaming facility and off loads the risk and responsibility for all financial transactions conducted in the gaming facility. Cash Systems is considered the largest and most efficient operator of Full Service Booths.
About Cash Systems, Inc.
Cash Systems, Inc., located in Las Vegas, with additional offices in San Diego and Minneapolis, 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 10K and 10Q. 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.
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