International Vending Management Commits to a Long-Term Contract With USA Technologies
WAYNE, Pa., Aug. 8 /PRNewswire-FirstCall/ –USA Technologies (OTC Bulletin Board: USTT), the leader in wireless, cashless
payment and networking systems, today announced that International Vending
Management (IVM), an industry-leading professional vending management firm
managing over 29,000 vending machines, will integrate USA Technologies’ secure
access and audit management system into their clients’ vending machines across
the country.
IVM can guarantee secure access because the system is designed to
recognize and authorize a vend using the current employee identification
procedures, whether they be an employee magstripe badge, smart cards or a
Personal Identification Number (PIN).
Utilizing Internet technology and proprietary software, USA Technologies’
services will enable IVM to remotely assess inventory levels of each networked
vending machine, in real-time via the Internet. USA technologies’ services
will enhance IVM’s current offering of turnkey and complete managed-care
programs by enabling IVM to guarantee that their clients’ vending machines are
always appropriately stocked and that only authorized personnel are able to
vend products.
“USA Technologies’ service enhances our PPE (Personal Protection
Equipment) vending equipment and enables us to securely offer our customer the
convenience of having critical safety items on hand when and where they are
needed. Using the USA Technologies’ audit system, we will be able to offer
turnkey services that include monitoring capabilities, usage tracking and
custom reporting,” explained Michael Pitts, President of IVM. “The benefits
and savings we can offer our clients through the USA system are tremendous.”
While providing plant and warehouse managers with access to online reports
indicating who is vending safety equipment, what they are vending, and how
often, the auditing capabilities of the USA Technologies’ system will help IVM
ensure that inventory is accurately tracked and that necessary items are never
out of stock.
“We are delighted that IVM has identified our technology and services as a
valuable asset to their clients and their clients’ customer base,” says
Michael Lawlor, Vice President of Sales for USA Technologies. “Their desire to
create additional cost-saving opportunities for their clients, paired with the
best-possible service, is underlined by their decision to include our advanced
system in their product offering. IVM continues to strengthen its leadership
in vending management by harnessing the latest in technology to improve
operating efficiencies and expand services.”
“With our accelerated growth, USA Technologies is quickly expanding its
customer base. We are now providing services for hundreds of customers in
thousands of locations in the US and Canada. Some of these include Kodak,
Kraft Foods and Marriott and Sheraton,” added Mr. Lawlor.
About USA Technologies:
USA Technologies is recognized as a leader in unattended cashless and m-
commerce transactions, associated financial/network services and interactive
media technology. USA Technologies provides networked credit card and other
cashless/mobile commerce systems. USA Technologies is an IBM Business Partner
and an inaugural member of the Sprint Enabling Application Service Provider
Program for e-commerce. The Company has marketing agreements with the IBM
Corporation and Mars Electronics International. It has also established
partnerships with a number of global IT, multimedia, and telecommunications
companies including ZiLOG, Marconi Online Systems, RadiSys Corporation,
DoubleClick Inc., and Xerox Corporation. Visit the USA Technologies home page
at http://www.usatech.com.
About IVM:
International vending Management, Inc. is the leader in Personal
Protection Equipment Vending- tracking PPE disbursements, lowering PPE cost
and reducing nuisance litigation. Additionally, IVM specializes in helping
companies increase their revenues and profits from their current vending
services. IVM works on a contingency basis and their fee is a percent of the
profit increase only.
Statement under the Private Securities Litigation Reform Act:
Some statements contained in this press release that are not historical facts
may be forward-looking statements subject to risks and uncertainties that
could cause our actual results and financial position to differ materially
from these statements. These forward looking statements are identified by
terms and phrases such as “anticipates,” “believes,” “intends,” and “expects”.
Our actual results could vary materially from the results projected by these
forward-looking statements based on a variety of factors including the ability
to continually obtain increased orders of its products, the ability to meet
installation goals, economic, competitive, governmental impacts, whether its
pending patents will be granted or defendable, validity of intellectual
property and patents of USA Technologies, the ability of USA Technologies to
commercialize its developmental products, technological and/or other factors,
which could cause actual results or revenues to differ materially from those
contemplated by these statements. These statements are based on current
expectations but are also inherently subject to business uncertainties and
contingencies beyond the control of the companies. Readers are cautioned not
to place undue reliance on these forward -looking statements that speak only
as of the date hereof. The companies expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any statements to
reflect any change in the companies’ expectations or any change of events,
conditions or circumstances on which any such statement is based.
SOURCE USA Technologies
Web Site: http://www.usatech.com
