| Business Summary | | Cash
Technologies,
Inc.
provides
an
enhanced
version
of
an
automated
teller
machine
called
the
ATM-X.
The
ATM-X
was
designed
to
provide
a
range
of
services
not
typically
offered
by
ATM
machines,
such
as
electronic
bill
payment,
instant
activated
phone
cards,
event
ticketing
and
others.
The
Company's
technology,
EMMA
(E-commerce
Message
Management
Architecture),
allows
for
the
seamless
integration
of
conventional
ATM
and
credit
card
(point-of-sale)
networks
with
non-bank
networks
and
the
Internet.
In
December
1999,
the
Company
entered
into
an
agreement
with
Rent
Way,
Inc.
and
installed
three
ATM-X
machines
in
the
Rentway
stores
as
a
pilot
program
in
early
2000.
As
of
August
5,
2000,
the
machines
are
in
operation
and
fully
functional
providing
check
cashing
and
standard
ATM
functions.
While
the
Company
has,
in
recent
years,
expanded
its
operations
into
other
technologies,
it
began
and
continues
to
do
business
as
a
cash
processor
through
its
National
Cash
Processors,
Inc.
subsidiary. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cash
Technologies,
Inc.
develops
and
markets
innovative
e-commerce
systems,
including
the
EMMA
transaction
processing
software
and
the
multifunction
ATM-X
automated
teller
machine.
For
the
nine
months
ended
2/28/01,
revenues
fell
56%`to
$437
thousand.
Net
loss
applicable
to
Common
fell
13%
to
$4.2
million.
Revenues
reflect
the
termination
of
the
Shaw's
contract
and
a
MTA
strike.
Lower
loss
reflects
the
absence
of
$853
thousand
in
deemed
stocks
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Bruce Korman, 40 Chairman,
Pres, CEO | $150K | Howard Brand, 46 CFO,
Sec. | 15K | Ken Paull Sr.
VP of Sales and Marketing | -- | S. Christine Dobbings, 49 VP
Marketing | 142K | Richard Miller, 47 Assistant
Sec., Director | -- | Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|