Printer Friendly
The Free Library
4,491,369 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Cash Systems, Inc. Announces New Contracts and Renewals.


LAS VEGAS -- Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced multi-year contracts where Cash Systems will provide it's full line of cash access services including all-in-1atm services, ecashsystem for cash advance services and ecash checking:

* Sweepstakes Systems of America operates Bingo Palace located in Piedmont, Alabama. Bingo Palace is centrally located between Atlanta, Georgia, Birmingham and Montgomery, Alabama. With over 80,000 sq. ft., Bingo Palace can accommodate more than 2000 players.

* Club Caribe Casino is located in Cudahy 1 City (1990 pop. 22,817), Los Angeles co., S Calif., a suburb of Los Angeles, bounded on E by Los Angeles River. Cudahy has a largely Hispanic population and produces fabricated-metal and paper products and electrical equipment.

2 City (1990 pop. 18,659), Milwaukee co., SE Wis., an industrial suburb of Milwaukee, on Lake Michigan; inc. 1906.
, California and operates table games 24 hours a day, 365 days a year.

Cash Systems also announced multi-year contract renewals for the following locations:

* The Bicycle Casino located in Bell Gardens, California where Cash Systems provides, all-in-1atm services and credit and debit credit cash advance services. The Bicycle Casino features over 135 tables and operates 24 hours a day, 365 days a year. Centrally located by being less than 10 minutes from downtown Los Angeles, the Bicycle Casino offers restaurants, lounge, beauty salon, valet parking and other amenities. The Bicycle Casino is one of the world's largest card casinos.

* Steiner's, a Nevada Style Pub, with 3 locations in Las Vegas, Nevada where Cash Systems provides, ATM services and credit and debit card cash advance
Cash Advance
A loan taken out against a line of credit or credit card, typically imposing higher-than-normal interest charges.

Notes:
Often the interest charged on these loans is a fixed number of percentage points above the prime rate. Additionally, there is seldom a grace period in which no interest is charged. These two factors make cash advances more expensive than many other types of debt financing.
 services. Steiner's features video poker, food and an extensive selection of micro brews. Steiner's operates 24 hours a day, 365 days a year.

Michael Rumbolz, Chairman and Chief Executive Officer of Cash Systems, said "We believe these renewals and new locations continue to reflect the confidence our clients have in our product offerings and our dedication to customer service. They also see the tangible benefits we bring to their gaming floors and to their patrons with our product innovations."

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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 31, 2007
Words:488
Previous Article:UGI Reports First Quarter Results.(Financial report)
Next Article:NYSE Group and Tokyo Stock Exchange Enter Strategic Alliance.



Related Articles
HOW TO MAKE MONEY ON MAINTENANCE.
IBM SELECTS RAINMAKER SYSTEMS TO INCREASE REVENUES FROM SOFTWARE SUBSCRIPTION CONTRACTS.(Company Business and Marketing)
The joys of an advanced renewal campaign. (Promotion).
Rent Stabilization Assoc. tackles rent issues. (Insiders Outlook).(Brief Article)(Statistical Data Included)
Consumer amends binding arbitration provision; court holds change valid.(Alabama)
Amortization of certain intangible assets: companies should question the treatment of assets with contractual or legal lives.
Resident retention: a 12-month marketing action plan: by choosing from this menu of marketing and retention ideas, owners and managers can prevent...
Cash Systems, Inc. Announces Enhanced Contract Renewal With Delaware Park.
Cash Systems, Inc. Announces Contract Renewal.
Contract renewal.(Los Angeles)(Operations Technologies Inc. renewal of contract with city of Gulfport)(Brief article)

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles