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USA Technologies to Unveil New Products and Services at International Hotel Show in New York
Friday November 7, 10:30 am ET
Business Express(R), Intelligent Vending(TM) & VendingMiser(TM) Headline Display
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- USA Technologies (OTC Bulletin Board: USTT - News) announced today that it will unveil its most comprehensive range of Intelligent Vending(TM), VendingMiser(TM) and Business Express® Office Center network solutions at the International Hotel Motel and Restaurant Show (IHM&RS) opening in New York tomorrow.
"We enter IHM&RS 2003 in New York, our ninth consecutive appearance, with our biggest portfolio of offerings yet for the hospitality industry, and as the undisputed leader in unattended business center services," said Stephen P. Herbert, President and COO, USA Technologies. "Next week, we launch a new beginning for Business Express, in partnership with a global leader in document solutions and business center services."
The new partnership is expected to further strengthen the Business Express® offering, as well as generate significant interest from hotel customers, as well as the general public. Business Express is a significant revenue driver for USA Technologies, and the Company is planning for aggressive growth. The Company estimates it is signing approximately 10 new Business Express customers a month, as well as increasing sales to existing customers.
"We are building on our commitment to the hospitality industry by bringing to market ground-breaking new products and services, such as our e-Port cashless transaction solution and our energy saving VendingMiser for Intelligent Vending," said Mr. Herbert. "Our products are already changing the industry, dramatically increasing efficiencies, reducing costs, adding ease of use, and generating new revenue growth opportunities. Our solutions are reducing costs while improving the customer experience, and that points to growing customer satisfaction."
USA Technologies, for the first time, will have on display at the New York hospitality show an expanded range of end-to-end solutions for the hospitality industry. The company will demonstrate and display its full range of unattended Business Express® solutions, from hotel vending machines that can be activated by credit cards and hotel room keycards to the very latest EnergyMiser products that reduce energy costs in a variety of commercial appliances.
"The Initial response to our expanded line of products/services from our key hospitality customers has been overwhelmingly positive. We look forward to sharing these exciting new offerings with the entire industry in New York," said Mr. Herbert.
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