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  September 5, 2001
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Home > Company Index > Banking > Other Banking Services > Cash Technologies, Inc.

Cash Technologies, Inc.
AMEX: TQ
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 PROFILE
Cash Technologies is leading the charge toward a cashless society while picking up loose change along the way. The company has developed an enhanced ATM (the ATM-X) that can provide electronic bill payment, event ticketing, and phone card dispensing. In the wake of the 2000 election fiasco in Florida, the firm is adding electronic voting capabilities to its system. Cash Technologies also buys bulk currency at a discount, then sorts and wraps the bills and sells them back into circulation, charging for the service. The company has ceased its coin processing operations but markets its CoinBanks (self-service change counters) to OEMs. CEO Bruce Korman and director Richard Miller each own about 20% of the company.

 COMPETITION
Coinstar, Inc. (CSTR)
Cummins-American Corporation (dossier)
The InterCept Group, Inc. (ICPT)

 DEALS
Deal: Cash Technologies and Sensar Form Alliance
Date Announced: 05.26.99
Value of transaction (US $Mil): 0
Description: E-transaction processing software firm teams with digital-recognition technology company to develop secure online ATM-card transactions.

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 FINANCIAL OVERVIEW
Fiscal Year-End: May
2000 Sales (mil.): 1.20
1-Yr. Sales Growth: 50.0%
Employees: 45
Revenue per employee: $26,666.67

 KEY PEOPLE
• Bruce R. Korman
    CEO
• Howard N. Brand
    CFO

 CONTACT INFO
1434 W. 11th St.
Los Angeles, CA 90015
US
Phone: 213-745-2000
Fax: 213-745-2005

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