More news, this seems real good....
USA TECHNOLOGIES AND MINOLTA ENTER CO-MARKETING AGREEMENT
WAYNE, Pa., March 20 /PRNewswire/ -- George R. Jensen, Jr., president
and chief executive officer of USA Technologies, Inc. (Nasdaq: USTT),
today announced a co-marketing agreement with Minolta Corporation to
market and sell USA Technologies' Business Express(TM) product,
equipped with Minolta copiers, to the hospitality industry.
Joint sales and marketing activities, scheduled to begin in March 1997,
will continue for an initial term of one year, specifically targeting
the hospitality industry through various trade shows, direct mail
projects and cooperative sales efforts to national accounts.
"This important alliance provides significant marketing power and
additional name recognition, enabling USA Technologies to more
effectively deliver world-class products, service and support to its
customers," said Jensen.
"Minolta is proud to join USA Technologies' solid line-up of Business
Express components," said Tom O'Neill, national product marketing
manager of Minolta. "We welcome this opportunity to capitalize on the
demand for affordable, convenient business services throughout the
hospitality industry." Minolta Corporation, headquartered in Ramsey,
New Jersey, is the largest subsidiary of Minolta Co. Ltd., of Osaka,
Japan, recording revenues of $1 billion for fiscal 1995. The
corporation's Business Products Group (BPG) markets digital and analog
office equipment. Products include black-and-white copiers, plain
paper laser facsimile machines, digital color copier/printers,
micrographic systems, electronic image and information management
systems and related office equipment.
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
-0- 03/20/97 /CONTACT: George R. Jensen,
Jr., President/CEO, and Stephen Herbert, Executive Vice President of
USA Technologies, Inc., 610-989-0340; or Madeleine Franco or Bryce
Benson of Jordan Richard Assoc., 801-595-8611/
(USTT)
CO: USA Technologies ST: Pennsylvania IN: CPR SU:
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