Business Services Industry
Cash Systems, Inc. Announces New Contract
Business Wire, Jan 24, 2008
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 The Wildwood Casino where Cash Systems will provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking.
The Wildwood Casino will be the first new constructed casino to open in Cripple Creek, Colorado since 2006. Located approximately 45 minutes from Colorado Springs, Colorado, the Wildwood Casino will be the first casino encountered by visitors as they enter the city of Cripple Creek. The property will encompass over 50,000 sq. ft. with 25,000 sq. ft. dedicated to gaming. The one level casino will have over 700 state-of-the-art slot machines with full ticket in ticket out capability and 14 table games. The Wildwood Casino will be the largest single level casino in the Cripple Creek market. Wildwood Casino will also offer to their casino patrons an upscale restaurant, Maverick's, a casual cafe, Fireside Kitchen and a bar/lounge with entertainment capability. The property is complimented by a large covered parking area.
Wildwood Casino will offer hotel rooms at the near by Gold King Mountain Inn which consists of 67 rooms complete with a spa, 25 meter pool and a fully equipped gym and sauna. The Wildwood Gas Station and Mini-Market will open at the same time as the Wildwood Casino giving the casino an additional competitive edge in the Cripple Creek market place.
All three facilities are owned by the American Gaming Group, LLC, which is affiliated with American Gaming Enterprises.
Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems said, "We are very excited about our agreement with American Gaming Group for the newest property in Cripple Creek, Wildwood Casino. We believe that our selection as their provider reflects the confidence they have in our product offerings, innovations and our dedication to customer service."
Cash Systems all-in-1atm offers patrons an ATM with multifunction capability. Patrons can select an ATM cash withdrawal or select a POS Debit or Credit Card transaction all from the same ATM.
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.
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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