Cash Systems, Inc. Announces Contract Extension and New Location
March 17 2008 - 4:27PM
Business Wire
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access
solutions for the gaming industry, today announced an extension of
the multi-year contract with Choctaw Nation of Oklahoma for its
Choctaw Casinos and the addition of another Choctaw Casino location
where Cash Systems will provide its casinopc for cash advance
services, ecash checking and full service booth operation. The new
location is the Choctaw Casino Pocola which is the second largest
gaming facility for the Choctaw Nation of Oklahoma and operates in
over 87,000 square feet of gaming space with over 1200 gaming
machines as well as over 20 tables offering poker and Blackjack.
Added amenities include three restaurants and an entertainment
venue offering the latest in live music from the newest rising
stars. Choctaw Casino Pocola, the place for gaming and
entertainment in Eastern Oklahoma, is open 24 hours a day, seven
days a week and is located just minutes from Fort Smith, Arkansas.
Michael Rumbolz, Chairman and Chief Executive Officer of Cash
Systems, said, "We believe that our performance speaks for itself
and as a result we were awarded not only an extension to the
current agreement but the addition of the Choctaw Casino in Pocola.
We continue to look forward to strengthening our relationship with
the Nation and to introduce our full line of products designed
specifically for the gaming environment.� casinopc is an exclusive
product of Cash Systems that offers the full range of services for
processing and completing transactions at the casino cage, all
residing on one system. By having all the functionality on one
system, the casino cage experiences transactions at a much faster
pace, saving time and increasing customer satisfaction. ecash
checking is the quickest and most efficient check cashing and
guarantee product in the industry. Casino cage personnel experience
faster check cashing times with higher limits for casino patrons.
Full Service Booth Operation allows the gaming establishment to
hand off all the responsibility for completing financial
transactions within the gaming facility to Cash Systems. This is a
turn key solution for the gaming facility and off loads the risk
and responsibility for all financial transactions conducted in the
gaming facility. Cash Systems is considered the largest and most
efficient operator of Full Service Booths. About Cash Systems, Inc.
Cash Systems, Inc., located in Las Vegas, with an additional office
in 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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