Oh, I wouldn't put too much into the "taxi cab thingy".
They claimed a $20 million deal 12 years ago, now they claim to becoming a player in that arena. I'd bet on it being another BS claim on management's part.
September 5, 2001- USA Technologies Awarded $20 Million e-Port Contract For NYC Taxis And Limousines
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WAYNE, Pa.--(BUSINESS WIRE)--Sept. 5, 2001 USA Technologies, Inc. (OTC Bulletin Board: USTT) will install 15,000 e-Port(TM) devices in taxis and limousines operating in New York City The deal with United Taxi Alliance (UTA), one of the biggest taxi and limousine companies in the world, is valued at $20 million over three years, and represents one of USA Technologies' biggest contracts since e-Port was first unveiled a little over 20 months ago. This deal could revolutionize the global mass transit marketplace and open up new revenue streams for taxi and limousine operators.
“These companies will be able to share in advertising revenue, and add entertainment value to a passenger's commute by delivering content, such as news, weather and sports," he added. "New York is the gateway to the United States and perhaps the most influential marketplace in the world for the taxi and limousine industry; there is no more challenging or exciting marketplace to demonstrate e-Port's many unique advantages and benefits to the global traveler," said Stephen P. Herbert, President and Chief Operating Officer, USA Technologies, Inc. "e-Port will change the way people, including the riding public, view public transportation. Everything, from how a passenger pays for the fare, to how they inform and entertain themselves during the ride will be vastly improved," said Mr. Herbert.
In the United States alone it is estimated that there are approximately 6,300 taxi companies transporting 1.4 billion passengers annually, and there are more than 1,200 limousine companies transporting 400 million passengers annually.
The first of several thousand e-Ports could begin appearing in New York cabs and limousines in January 2002. The initial contract is to install e-Ports in 15,000 UTA taxis and limousines
The early bird gets the worm................
But it's the second mouse that gets the cheese...........
