Twenty-Six Energy Utilities Nationwide Offer Rebates for USA Technologies EnergyMiser(R).Conservation Program Attracts Connecticut and Massachusetts UtilitiesMALVERN, Pa. -- USA Technologies (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :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 all 24 energy utilities offering EnergyMiser rebates had renewed their incentive programs for 2007, and two more utilities had signed on for the first time, bringing the total to 26. "Energy utilities are responding to higher energy costs by extending their incentives to encourage customers to purchase energy conservation technology and lower consumption," said Wendy Jenkins, Vice President of Marketing, USA Technologies. "USA Technologies is proud to collaborate with utilities prepared to take the lead and offer solutions that respond to the nation's need to conserve energy and lower C02 emissions," she said. The two new utilities joining the program are The United Illuminating The United Illuminating Holdings Corporation (UI) is an electricity distributor for southern Connecticut. It currently serves roughly 320,000 customers in 17 municipalities in the Greater Bridgeport, New Haven, and Lower Naugatuck Valley regions. Company, of Connecticut, and the Western Massachusetts Electric Company. The United Illuminating Company is regional distribution utility providing electricity and energy-related services to more than 320,000 customers in the Greater New Haven Greater New Haven is the metropolitan area whose extent includes those towns in the U.S. state of Connecticut that share an economic, social, political, and historical focus on the city of New Haven. It occupies the south-central portion of the state in a radius around New Haven. and Greater Bridgeport Greater Bridgeport is the metropolitan area centered on the city of Bridgeport in the U.S. state of Connecticut. The area is located in Southwestern Connecticut and consists of the city of Bridgeport and five other adjacent towns – Easton, Fairfield, Monroe, Stratford, and areas. The Western Massachusetts Electric Company is a main distributor of electricity in western Massachusetts, serving more than 200,000 customers. Connecticut Light and Power utility has increased their rebates, while Efficiency Maine energy utility is offering a custom rebate. USA Technologies provides energy management technology that reduces the cost of operating vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. and coolers by up to 46 percent. The utilities participating in the program offer rebates ranging from $30 to $125 per unit and cover their full product line - VendingMiser[R], CoolerMiser[TM], SnackMiser[TM], and PlugMiser[TM]. For a list of the utility companies offering rebates on USA Technologies' energy management products, visit http://www.usatech.com/energy_management/energy_rebates.php USA Technologies estimates there are eight million vending machines in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with a similar number of coolers, costing up to $300 per unit annually to power. "Energy prices remain high and demand continues to rise, encouraging consumers to seek out energy management technology that is quick and easy to install, and is inexpensive," said Ms. Jenkins. "Our customers are delighted with the savings from the rebate program as well as the reduction in energy consumption," she said. 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. USA Technologies is an IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, Blackboard, and ZiLOG Corporation. 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 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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