Business Services Industry
Cash Systems, Inc. Announces New Contracts and Renewals
Business Wire, Jan 31, 2007
LAS VEGAS -- Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced multi-year contracts where Cash Systems will provide it's full line of cash access services including all-in-1atm services, ecashsystem for cash advance services and ecash checking:
* Sweepstakes Systems of America operates Bingo Palace located in Piedmont, Alabama. Bingo Palace is centrally located between Atlanta, Georgia, Birmingham and Montgomery, Alabama. With over 80,000 sq. ft., Bingo Palace can accommodate more than 2000 players.
* Club Caribe Casino is located in Cudahy, California and operates table games 24 hours a day, 365 days a year.
Cash Systems also announced multi-year contract renewals for the following locations:
* The Bicycle Casino located in Bell Gardens, California where Cash Systems provides, all-in-1atm services and credit and debit credit cash advance services. The Bicycle Casino features over 135 tables and operates 24 hours a day, 365 days a year. Centrally located by being less than 10 minutes from downtown Los Angeles, the Bicycle Casino offers restaurants, lounge, beauty salon, valet parking and other amenities. The Bicycle Casino is one of the world's largest card casinos.
* Steiner's, a Nevada Style Pub, with 3 locations in Las Vegas, Nevada where Cash Systems provides, ATM services and credit and debit card cash advance services. Steiner's features video poker, food and an extensive selection of micro brews. Steiner's operates 24 hours a day, 365 days a year.
Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems, said "We believe these renewals and new locations continue to reflect the confidence our clients have in our product offerings and our dedication to customer service. They also see the tangible benefits we bring to their gaming floors and to their patrons with our product innovations."
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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