News....
USA TECHNOLOGIES AND LEXMARK ENTER INTO CO-MARKETING AGREEMENT
WAYNE, Pa., March 19 /PRNewswire/ -- George R. Jensen, Jr., president
and chief executive officer of USA Technologies, Inc. (Nasdaq: USTT),
today announced a co-marketing agreement with Lexmark International,
Inc. (NYSE: LXK), to market and sell USA Technologies' Business
Express(TM) product, equipped with Lexmark printers, to the hospitality
industry.
Scheduled to commence in March 1997, joint marketing and sales
activities will continue for an initial term of one year, emphasizing
selling to high- level marketing contacts in the hospitality industry.
In addition, the companies will also develop and execute joint sales
and marketing plans for Business Express(TM), Laptop Express(TM) and
Computer Express(TM) products in other key vertical markets such as
retail, government and education.
"Adding the Lexmark name to USA Technologies' product line-up further
enhances our ability to bring top quality products, service and support
to customers through increased marketing power and name recognition,"
said Jensen.
"Lexmark looks forward to working with USA Technologies, and welcomes
the opportunity to be part of a team well positioned to deliver
solutions that provide convenient and affordable access to business and
computer services," said George R. Buckley, national sales
manager/value added resellers for Lexmark.
Lexmark International, Inc., a wholly owned subsidiary of Lexmark
International Group, Inc., is a global manufacturer and supplier of
printer solutions and products, including laser, inkjet and dot matrix
printers and associated consumable supplies for office and home
markets. Lexmark, which had sales of $2.4 billion in fiscal 1996, has
executive offices and its largest manufacturing center in Lexington,
KY.
Founded in 1992, USA Technologies, Inc. is a leading owner and licensor
of credit card activated control systems for the personal computer,
copier, facsimile and vending industries. The company's proprietary
devices make available unattended control systems technology for credit
card payments in connection with the sale of a variety of products and
services. USA Technologies, Inc.'s unattended credit card Business
Express(TM), Computer Express(TM), Copy Express(TM), and Fax
Express(TM) are offered to commercial outlets for sale and through
leasing agreements.
SOURCE USA Technologies, Inc.
-0- 03/19/97 /CONTACT: George R. Jensen,
Jr., President/CEO, or Stephen Herbert, Executive Vice President, both
of USA Technologies, Inc., 610-989-0340; or George R. Buckley, National
Sales Manager/Value Added Resellers of Lexmark International, Inc.,
310-574-5360; or Madeleine Franco or Bryce Benson, both of Jordan
Richard Assoc., 801-595-8611/
(USTT LXK)
CO: USA Technologies, Inc. ST: Pennsylvania IN: CPR SU: JVN
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