Cash Systems, Inc Names Charles S. Crawford Executive Vice President of Operations
August 10 2007 - 8:30AM
Business Wire
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access
solutions for the gaming industry, today announced that it has
named Charles S. Crawford as Executive Vice President - Operations.
Mr. Crawford will oversee the day to day initiation of services for
Cash Systems� new casino partners, the continued reliability of
real-time services and technical support to consumers and clients,
as well as operational planning and implementation of new product
offerings. Mr. Crawford comes to Cash Systems from Optimal
Payments, Inc. He brings a dozen�years of payment transaction
industry expertise as well as a wealth of experience and skills
honed in other industries. Optimal Payments is a multi-national
provider of payment transaction banking and processing services for
tens of thousands of retail and ecommerce merchants. Mr. Crawford
served in a variety or roles with Optimal, most recently as SVP of
Corporate Development and previously as Senior Vice President of
Operations, a position that included oversight of client
administration, consumer transaction risk management, bank and
processor relations, client relations, transaction funding and
reconciliations, project management and other day-to-day functions.
Prior to relocating to Optimal�s Montreal headquarters, Mr.
Crawford was in the Washington, D.C. area as the company�s General
Manger of U.S. Operations. �Operations is the face of our company
to our casino partners and their patrons, said Michael Rumbolz,
President and Chief Executive Officer of Cash Systems, Inc. �We
take pride in being technology innovators, but our reputation for
providing quality cash advance products and services has been the
key to retaining our customer base and gives us our true
competitive advantage. With the opportunities that accompany the
introduction our new industry-changing technology, we are delighted
to have someone with Chuck�s seasoning, deep payment transaction
expertise and diverse background to join our executive team. I am
pleased to welcome him to Cash Systems on behalf of the company,
his new colleagues and the Board of Directors.� Mr. Crawford
entered the payments industry originally as President of
California-based Electronic Card Systems, Inc., a representative of
merchant banks and served concurrently as the COO of its sister
company, Electronic Authorization Systems, Inc., a provider of
pre-transaction risk screening services. Before entering the
payments industry in the mid-1990s, Mr. Crawford had a long and
successful career in marketing, public relations and advertising --
serving as SVP and head of Washington Operations for Hill and
Knowlton, Inc. -- with 65 offices, the world�s largest
communications consultancy at the time. Mr. Crawford concluded that
phase of his career in Hong Kong, as president of Hill and
Knowlton�s Asian region. Mr. Crawford has a Bachelors of Science
degree from University of Nevada. About Cash Systems, Inc. Cash
Systems, Inc., located in Las Vegas, with additional offices in San
Diego and Minneapolis, is a provider of cash-access and related
services to the retail and gaming industries. Cash Systems'
products include its proprietary cash advance systems, ATMs and
check cashing solutions. Please visit http://www.cashsystemsinc.com
for more information. This press release may contain
forward-looking statements, including the Company's beliefs about
its business prospects and future results of operations. These
statements involve risks and uncertainties. Among the important
additional factors that could cause actual results to differ
materially from those forward-looking statements are risks
associated with the overall economic environment, the successful
execution of the Company's plan of operation, changes in the
Company's anticipated earnings, continuation of current contracts,
gaming and other applicable regulations, and other factors detailed
in the Company's filings with the Securities and Exchange
Commission, including its most recent Forms 10K and 10Q. In
addition, the factors underlying Company forecasts are dynamic and
subject to change and therefore those forecasts speak only as of
the date they are given. The Company does not undertake to update
any forecasts that it may make available to the investing public.
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