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Ameri-Source to Promote USA Technologies’ Cashless and Telemetry Solutions to Its 475 Members

  Ameri-Source to Promote USA Technologies’ Cashless and Telemetry Solutions
  to Its 475 Members

Business Wire

MALVERN, Pa. -- March 12, 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 a new agreement with Ameri-Source, LLC, a
purchasing management company consisting of approximately 475 vending
companies located throughout the United States. The agreement establishes
Ameri-Source as an endorser and promoter of USAT’s cashless payment and
telemetry solutions to Ameri-Source members.

John Plummer, Jr., president and founder of Ameri-Source, commented, “We
selected USAT because we believe our members, most of them small- to
medium-size vending operators, need to keep pace with new technologies and
trends. Ameri-Source, in its role of providing purchasing advice and volume
benefits for our members, views the decision to adopt cashless payment and
telemetry as a business essential.

“Every day we witness how the consumer under 30, the traveler, the office
worker-- just doesn’t carry cash anymore. Our members are going to have to
change to keep up with these dynamics and, in our view, USAT offers an
affordable way for them to do that,” added Plummer.

“In addition, cashless payment and telemetry provides them with an efficient
mechanism for raising prices and attracting incremental revenues through
multi-vend purchases. USAT’s Two-Tier Pricing Program, which can be
implemented on a machine by machine basis, is another added plus that our
members are already showing great interest in,” concluded Plummer.

As part of the three-year agreement, Ameri-Source will endorse and promote
USAT's ePort® technology and ePort Connect® service to its members and
Ameri-Source members will be eligible to receive preferred pricing terms
outlined in the agreement.

Michael Lawlor, senior vice president of sales and business development at
USAT, said, "The addition of Ameri-Source to our list of buying groups allows
us to reach another an important set of operators in the vending, office
coffee and food service space with greater speed and efficiency. The ease of
doing business with USAT as a true one-stop shop is a great fit for
Ameri-Source members. In little time, we can help them position their
businesses for the many revenue boosting benefits of cashless payment, new
data about their businesses, telemetry options and USAT's growing list of
expanded services around mobile and consumer engagement. We look forward to
introducing our products and services to Ameri-Source members in the weeks and
months ahead," concluded Lawlor.

About Ameri-Source:

Ameri-Source is a one-contact, cost-cutting professional purchasing
organization exclusively for vending and food service operations. It is the
creation of John R. Plummer, Jr., who brings over 35 years in purchasing
experience ranging from specialty, to regional and national market purchasing
in the food service industry. Ameri-Source is designed to deliver the same
cost-saving purchasing for small to mid-size vending and food service
operations spending up to $5 million or more for food, beverages, supplies,
trucks and equipment. Ameri-Source negotiates the deals, arranges the rebate
monies and handles all the paperwork.

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 USAT’s anticipated growth and business
strategy, 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 whether USAT's
existing or anticipated customers purchase, rent or utilize ePort devices or
our other products and services in the future at levels currently anticipated
by USAT, including appropriate diversification resulting from products and
programs other than our Jumpstart Program; 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 its products; and the incurrence by us of any unanticipated or
unusual non-operational expenses, such as in connection with a proxy contest,
which would require us to divert our cash resources from achieving our
business plan or, in the alternative, increase our cash resources through,
among other things, the sale of our securities. 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
VP Corp. Comm. & Investor Relations
484-359-2138
vrosa@usatech.com
 
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