Global Payment Technologies Announces License Agreement With the Ardac Division of Money Controls PLC Regarding the Use of One of its Patented Technologies.

VALLEY STREAM, N.Y.--(BUSINESS WIRE)--May 17, 1999--

Global Payment Technologies, Inc. (NASDAQ Symbol: GPTX) ("GPT"), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries, today announced it has entered into a non-exclusive license agreement with the Ardac Division of Money Controls PLC (LSE Symbol: MYC) for the use of GPT's patented technology relating to a soft count tracking system, known in the industry as "Soft Drop Analyzer" (SDA).

Stephen Katz, GPT Chairman and Chief Executive Officer, said, "We are extremely pleased that GPT and Ardac were able to reach a positive resolution regarding Ardac's licensing of our patented soft count tracking technology. Several years ago GPT developed and patented this technology which allows the note stacker cassette within a gaming machine to maintain and track specific information, such as the amount of currency or coupons in the cassette, the specific machine or game in which the cassette is mounted, the acceptance and rejection rates of the validator and the time-in/time-out of the cassette from the host gaming machine, among others."

"Now that we have reached this agreement with Ardac," Katz added, "the door has been opened to others in the industry who wish to license our soft count tracking technology. Although the Ardac agreement is not financially material to GPT today, we believe it represents the first step in creating the opportunity for our technology to become industry standard, which would be significantly more rewarding."

Frank Novak, Ardac Chief Executive Officer, stated, "As one of the premier manufacturers of bank note acceptors and changers for the worldwide gaming, vending, and amusement markets, we strive to offer the most current and user-friendly technology in our products. We believe that the coupling of our existing technologies with GPT's soft count tracking will allow Ardac to offer the market state-of-the-art products. We look forward to building our relationship with GPT in the years to come."

Global Payment Technologies, Inc. is a United States-based designer, manufacturer, and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT's proprietary and patented technologies are among the most advanced in the industry.

Ardac is a United States-based designer, manufacturer, and marketer of dollar bill acceptors, dollar bill changers, international bank note acceptors, and electronic controller circuit boards.

Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: GPT's dependence on the paper currency validator market and its potential vulnerability to technological obsolescence; possible risks of product inventory obsolescence; potential difficulties in manufacturing operations; potential shortages of key parts and/or raw materials; potential difficulties in managing growth; dependence on a limited base of customers for a significant portion of sales; the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in GPT's Securities and Exchange Commission filings.