USA Technologies

Description

USA Technologies was founded in 1992. The Company is recognized as a leading provider of wireless, cashless, micro-transactions and networking services. USA Technologies' services make available unattended credit card payment technology and networking of distributed energy management assets in a variety of industries including vending, hospitality, commercial laundry and energy management. Inside the industry. In an effort to continually improve and enhance our product and service offerings we have acquired two companies. In May 2002, we acquired Stitch Networks, a wholly owned subsidiary and operator of M2M services in the laundry and vending industries. In July 2003, we acquired the assets of Bayview Technology Group, an energy management equipment provider in the vending industry and several other industries. Inside technology. The Company's patented technology for unattended credit card operated equipment was first implemented in USA Technologies' Business Express ® . This technology enables self-service business centers where users can activate and pay for the use of personal computers, copy machines, printers and fax machines using their credit card.

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