Another great release....
USA Technologies' Computer Express(TM) Hits it Big at Grand Opening of `The Movie Buff's Movie Store(TM)' USA Technologies' Computer Express(TM) Hits it Big at Grand Opening of `The Movie Buff's Movie Store(TM)' February 5, 1997, 7:01 AM EST
WAYNE, Pa., Feb. 5 /PRNewswire/ -- George R. Jensen, Jr., president and chief executive officer of USA Technologies, Inc. (Nasdaq: USTT), announced today the successful introduction of Computer Express(TM) at the grand opening of the West Coast Video superstore in Huntingdon Valley, Pa.
West Coast has placed five Computer Express units in its cybercafe known as net.spot(TM), which offers consumers an Internet experience designed specifically for movie buffs. According to Joseph H. Buesgen, Jr., director of interactive marketing for West Coast Entertainment, Computer Express offers the necessary quality, convenience and simplicity to deliver computer and Internet access. "Computer Express appears to be a perfect fit in net.spot," said Buesgen.
With Computer Express, which incorporates USA Technologies' proprietary TransAct(TM) payment and management system, anyone with a credit card can have pay-as-you-go access to all the latest in computer equipment and services, including data and word processing, access to the Internet and e-mail. TransAct is a turnkey, unattended system that processes secure, real-time, credit card transactions, billing customers for actual services used while ensuring timely payments to the host site provider.
West Coast (Nasdaq: WCEC), owns, operates and franchises 531 stores and has annualized proforma trailing 12-month revenues of nearly $120 million, and pro forma 12-month trailing system-wide revenues of approximately $230 million.
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 FaxExpress(TM) are offered to commercial outlets for sale and through leasing agreements. SOURCE USA Technologies, Inc.
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