George Jensen, CEO
USA Technologies, Inc. is a supplier of cashless payment, remote management, reporting and energy management solutions serving the unattended point of sale market. The Company’s networked devices and associated services enable the owners and operators of everyday, distributed assets, such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment, the ability to offer their customers cashless payment options, as well as remotely monitor, control and report on the results of these distributed assets. As part of its Intelligent Vending solution, the Company also manufactures and sells energy management products, which reduce the electrical power consumption of vending related equipment, such as refrigerated vending machines and glass front coolers. As of June 30, 2008, the Company had approximately 38,000 devices connected to its USALive network. During the fiscal year ended June 30, 2008, the Company processed approximately 11.3 million transactions.