USA Technologies Adds to List of Exclusive Customer Agreements

  USA Technologies Adds to List of Exclusive Customer Agreements

Business Wire

MALVERN, Pa. -- June 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 that it has entered into three new exclusive
agreements with existing customers during the third quarter ending June 30,
2013, adding to the exclusive agreements already entered into in Fiscal 2013.

"We believe these exclusive agreements represent not only our customers'
confidence in USAT for cashless payment, telemetry and consumer engagement
services, but our customers' recognition that their cashless offering is
becoming a valuable business tool that requires their immediate attention,"
said Michael K. Lawlor, senior vice president of sales and business
development for USAT.

The three agreements call for exclusive use of USAT's comprehensive ePort
Connect® service and are all three years in duration. The new exclusive
customers, City Vending Company, Fresh Brew Group and American Food and
Vending Corporation, are all regional vending companies.

City Vending Company's chief financial officer, Tom Elich, commented, "The
revenue uplift that we are experiencing from our existing cashless locations
has been compelling. I am fully aware that cashless is the future and by
working with USAT, I know that I am working with a partner that has proven to
be reliable, responsive and ahead of the game in terms of additional offerings
such as loyalty that I can sell to my own customers."

Maria Foresteire, Purchasing Manager of American Food and Vending Corporation,
said “Our existing cashless deployments with USAT have been impactful. We also
recognize that cashless is clearly the future. Our customers are increasingly
requesting it and we anticipate that credit/debit card acceptance will be
incorporated into all new business going forward. USAT has worked with us to
understand our data and optimize our initial deployments of cashless and this
agreement strengthens that relationship as we continue to transition our
installed base to cashless.”

Fresh Brew Group’s chief operating officer, Steven Weyel, was initially
hesitant about cashless. “While cashless makes great sense, I really needed to
see my own data before I began any longer-term planning,” said Weyel. “USAT
has showed us how cashless has been successful for us and that success,
coupled with increasing demand for cashless from our customers, called for a
industry-leading partner like USAT as we move forward.”

"We are very pleased to welcome these companies to our growing list of
exclusive customers for our ePort Connect® service," said Lawlor. "As
exclusive USAT customers, they should be poised to benefit from USAT's
JumpStart program, new products, and our growing menu of services, including
our Knowledge Base reviews and our recently introduced loyalty and prepaid
program."

As of March 31, 2013, USAT had over 4,500 customers and 196,000 connections to
its ePort Connect service, increases of 59% and 32%, respectively, since the
same period in the prior year. USAT continues to expand its leadership
position for cashless payment and telemetry for the small-ticket, unattended
market by working with its existing base of customers to drive new sales and
improved business performance by optimizing cashless payment technologies and
expanded offerings. To speak with a USAT sales representative, contact USAT at
1-800-633-0340.

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 85
patents; and has agreements with Verizon, Visa, Elavon and 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 its
products; 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; and the ability of USAT to fund the JumpStart
Program in the future unless it is able to adequately diversify its products
and programs beyond its JumpStart Program. 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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