USA Technologies Announces Ten Exclusive Customer Agreements

  USA Technologies Announces Ten Exclusive Customer Agreements

Business Wire

MALVERN, Pa. -- January 11, 2013

USA Technologies, Inc. (NASDAQ: USAT) (“USAT”), a leader of wireless, cashless
payment and M2M telemetry solutions for small-ticket, self-serve retailing
industries, today announced that it entered into ten new exclusive agreements
with existing customers during the second quarter ended December 31, 2012.

The agreements, which call for exclusive use of USAT's comprehensive ePort
Connect® service, are all three years in duration. The customers with whom the
exclusive agreements have been entered into represent existing USAT customers
who are regional vending companies as well as a Pepsi distributor.

“We are very pleased to welcome these companies to our list of customers who
have committed to exclusively using USAT's ePort Connect® service," said
Michael Lawlor, senior vice president of sales and business development at USA
Technologies. "We believe these agreements reflect our customers' confidence
in USAT's products and services, particularly in light of what we believe are
accelerating trends in cashless and mobile payment acceptance as well as the
incremental benefits that telemetry and other services can provide their
respective businesses."

"For USAT, these agreements are also indicative of a component of our growth
strategy that focuses on further transitioning our current customer base to
our ePort Connect® service. Connections to our ePort Connect® service reached
186,000 connections as of December 31, 2012, up 37% from the prior year,"
continued Lawlor.

"As part of our exclusive group, these customers are poised to benefit from
USAT programs such as JumpStart and our Knowledge Base services. In addition,
as USAT continues to add new services including prepaid programs and loyalty
and couponing to our ePort Connect® portfolio, these customers will be well
positioned to benefit from a turnkey service platform designed specifically
for the unattended small-ticket market," concluded Lawlor.

About USA Technologies:

USA Technologies is a leader of wireless, cashless payment and M2M telemetry
solutions for small-ticket, self-serve retailing industries. ePort Connect® is
the company’s flagship service platform, a PCI-compliant, end-to-end suite of
cashless payment and telemetry services specially tailored to fit the needs of
the small ticket, self-service retail industries. USA Technologies also
provides a broad line of cashless acceptance technologies including its
NFC-ready ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™,
an API Web service for developers. USA Technologies has been granted 84
patents; and has agreements with Verizon, Visa, Elavon and major customers
such as Compass, Crane, AMI Entertainment and others. Visit the website at
www.usatech.com.

Forward-looking Statements:

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: All statements other than statements of historical fact included in this
release, including without limitation the business strategy and the plans and
objectives of USAT's management for future operations, are forward-looking
statements. When used in this release, words such as "anticipate", "believe",
"estimate", "expect", "intend", and similar expressions, as they relate to
USAT or its management, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of USAT's management, as
well as assumptions made by and information currently available to USAT's
management. Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors, including but
not limited to, the ability of USAT to retain key customers from whom a
significant portion of its revenues is derived; whether USAT's customers would
continue to add additional connections to our network in the future at levels
currently anticipated by USAT; the ability of USAT to compete with its
competitors to obtain market share; whether USAT's customers continue to
utilize USAT's transaction processing and related services, as our customer
agreements are generally cancelable by the customer on thirty to sixty days'
notice; the ability of USAT to obtain widespread commercial acceptance of it
products; and whether USAT's existing or anticipated customers purchase, rent
or utilize ePort devices or our cashless payment services in the future at
levels currently anticipated by USAT. Readers are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking statement
made by us in this release speaks only as of the date of this release. Unless
required by law, USAT does not undertake to release publicly any revisions to
these forward-looking statements to reflect future events or circumstances or
to reflect the occurrence of unanticipated events.

                                    G-USAT

Contact:

USA Technologies
Veronica Rosa, 484-359-2138
VP Corp. Comm. & Investor Relations
vrosa@usatech.com
 
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