Bed Bath & Beyond(R) Focuses on Vending Machines in Effort to Lower Energy Consumption and C02 Emissions.Retailer Installs USA Technologies VendingMiser[R] in Stores Nationwide and Earns Praise From Sierra Club Sierra Club, national organization in the United States dedicated to the preservation and expansion of the world's parks, wildlife, and wilderness areas. Founded (1892) in California by a group led by the Scottish-American conservationist John Muir, the Sierra Club MALVERN, Pa. -- USA Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :USAT USAT USA Today (newspaper) USAT USA Triathlon USAT Ultra Small Aperture Terminal USAT United States Army Transport USAT United States Archery Team USAT Universal SIM Application Toolkit USAT United Savings Association of Texas ) announced today that Bed Bath and Beyond, America's premier home furnishings retail chain, is installing VendingMiser devices to help lower energy consumption and C02 emissions. "Bed Bath and Beyond is constantly seeking out ways to give back to the community, and helping to lower energy consumption and C02 emission has been a national priority," said Richard Braun, Director of Purchasing, Bed Bath & Beyond. "We would be delighted if our initiative to install the latest energy conservation technology in our stores draws attention to how retail stores can take action and significantly contribute towards protecting the environment." The Sierra Club has been monitoring the performance of USA Technologies EnergyMiser product line and has complimented Bed Bath and Beyond for taking this action to help preserve the environment. "Bed Bath and Beyond's efforts to improve the energy efficiency of their operations make sense for the economic and environmental bottom line," said Dave Hamilton Dave Hamilton may refer to:
Universal Vending Management, a major USA Technologies distributor, has been contracted to install the VendingMisers in Bed Bath & Beyond stores. "UVM UVM University of Vermont UVM Universidad del Valle de México UVM Universitas Viridis Montis (University of the Green Mountains aka University of Vermont) UVM Universal Voice Module (Cisco) is excited to be taking the lead in driving energy conservation in the vending industry, and by working with major brand names such as Bed Bath and Beyond, we believe we can help make a difference," said Bruce Lipkin, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Universal Vending Management. "As well as lower C02 emissions, we are helping our customers nationwide lower their energy costs, which adds to the bottom line and improves competitive edge," he said. Refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. vending machines cost an estimated $300-$400 a year to operate. The VendingMiser has the capability of reducing the electricity needed to operate vending machines by up to 46 percent. About USA Technologies: USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has marketing agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and : With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for its energy management products , the ability to obtain new customers and the ability to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements. |
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