Technology Allows Full Account Draining At Casino ATMs

Cash Systems, Inc.'s cashclub(TM) Named One of the Top 20 Most Innovative Gaming Technology Products by Casino Journal

 

LAS VEGAS--(BUSINESS WIRE)--April 26, 2006--Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced that their cashclub(TM) product was named one of the top 20 most innovative gaming technology products by Casino Journal magazine.

 

Launched in late 2005, cashclub(TM) enables all of the casino's financial transactions to occur at the ATM. With cashclub(TM), gaming patrons can receive credit card cash advance, POS debit card cash advance and electronic check cashing services at Cash Systems' All-In-1 ATM and Stay 'N Play products. The use of such technology brings increased efficiency and customer service by eliminating long lines for financial transactions at the cashier cage.

 

"We are delighted that Casino Journal has recognized the value and innovative features that our cashclub(TM) product brings to the casino floor. This honor is a testament to the hard work and focus we place on developing the best products and truly redefining the technological solutions for this industry," said Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems. "More specifically, this recognition, coupled with the initial strong demand for cashclub(TM), demonstrate the industry's powerful interest in products that enable true cashless wagering."

 

With the recent announcement of the agreement between Cash Systems, Bally Technologies and Scotch Twist to develop a suite of patented products, together with the gaming industry's increased focus on cashless wagering, cashclub(TM) becomes the instrument that casino patrons will use to access funds directly at the gaming device through their player club account. cashclub(TM) will allow players to access their credit card, POS Debit and Checking accounts, deposit the desired amount directly into the players club account and then move credits down to the gaming device. Each transaction is safely guarded by casino patrons' personal identification number (PIN).

 

With cashclub(TM), casino patrons can leave the gaming floor secure in the knowledge that their funds remain on their players club account. Players will also be able to redeem funds from their account at any time through Cash Systems ATM's, totalcash machines or at the casino cage.

 

Through the use of cashclub(TM), casinos will continue to see a decrease in the cost of handling cash. Capital allocated for the purchase of redemption devices will also be greatly reduced as this move towards cashless wagering continues.

 

As with all Cash Systems products, cashclub(TM) supports responsible gaming Self Exclusion programs, by allowing casino patrons to exclude themselves from accessing their funds from any of Cash Systems network of devices. Cash Systems products provide additional flexibility by allowing patrons to set daily limits for their access to funds from various cash access devices.

 

Casino Journal's Top 20 Most Innovative New Gaming Technology Products of the Year award is now in its ninth year. A panel of four industry experts evaluated this year's entries and chose the 20 finalists, which will be featured in Casino Journal's June Issue. The award winning products will be showcased at the Gaming Technology Summit, May 24-26, 2006 at the Green Valley Ranch Resort, Spa and Casino. Conference attendees will vote for their favorite products and services from the Top 20 Finalists, and the top Three will be honored during a luncheon on May 26.

 

This is the second award for Cash Systems. Cash Systems earned its first Top 20 Award for its wireless hand held cash access device, stay-n-play in 2002.

 

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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