USA Technologies

USA Technologies Announces Date of Annual Meeting of Shareholders

Retrieved on: 
Thursday, November 21, 2019

We are now pleased to announce that the Company will hold its Annual Meeting of Shareholders on April 30, 2020.

Key Points: 
  • We are now pleased to announce that the Company will hold its Annual Meeting of Shareholders on April 30, 2020.
  • Additionally, we believe the timing of the Annual Meeting will allow us to meet all NASDAQ requirements related to the relisting process.
  • In connection with its 2020 Annual Meeting of Shareholders, USAT will file a definitive proxy statement with the U.S. Securities and Exchange Commission in March 2020.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies' Maeve McKenna Duska to Speak at NAMA’s Coffee Tea and Water Show 2019

Retrieved on: 
Monday, November 18, 2019

(OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced today that Maeve McKenna Duska, Chief Marketing Officer of USAT will participate in the Trending Technologies in Convenience Services panel during the NAMA Coffee Tea & Water Show in Anaheim, California, from November 18-20, 2019.

Key Points: 
  • (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced today that Maeve McKenna Duska, Chief Marketing Officer of USAT will participate in the Trending Technologies in Convenience Services panel during the NAMA Coffee Tea & Water Show in Anaheim, California, from November 18-20, 2019.
  • The panel will discuss trending technologies across various unattended industry channels and offer insights into those which they perceive to be the most relevant applications for convenience services.
  • Upgrades to the technology include enhanced billing tools and upgrades to its bulk management of delivery operations through a Seed Delivery Import Wizard.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

National Entertainment Network Expands Relationship with USA Technologies for Cashless Payments

Retrieved on: 
Friday, November 15, 2019

USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that National Entertainment Network, LLC, (NEN) signed an agreement to expand its relationship with USAT.

Key Points: 
  • USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that National Entertainment Network, LLC, (NEN) signed an agreement to expand its relationship with USAT.
  • Similar to vending and other unattended retail channels, the amusement and entertainment industry has increasingly been evolving toward adoption of cashless payments.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.
  • National Entertainment Network (NEN) is the largest front-end retail and entertainment vending company in the nation, headquartered in Broomfield, Colorado.

Donald W. Layden, Jr., Appointed Executive Chairman of the USA Technologies’ Board of Directors

Retrieved on: 
Tuesday, November 12, 2019

USA Technologies, Inc. (OTC: USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the USAT Board of Directors has appointed Donald W. Layden, Jr., Board member and Interim Chief Executive Officer, as Executive Chairman of the Board.

Key Points: 
  • USA Technologies, Inc. (OTC: USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the USAT Board of Directors has appointed Donald W. Layden, Jr., Board member and Interim Chief Executive Officer, as Executive Chairman of the Board.
  • His appointment follows Albin F. Moschners retirement as Board Chair and as a member of the Board effective November 8, 2019.
  • In connection with this appointment, current Board member William J. Schoch has been appointed as the lead independent director of the Board.
  • Mr. Layden said, I am honored to be appointed as Executive Board Chairman at this important time for USA Technologies.

USA Technologies Responds To Hudson Executive Capital’s Invalid Attempt to Seize Control of the Company Through a Special Meeting

Retrieved on: 
Monday, November 11, 2019

Two other purportedly independent candidates, in addition to Mr. Braunstein, turn out to be investors in Hudson.

Key Points: 
  • Two other purportedly independent candidates, in addition to Mr. Braunstein, turn out to be investors in Hudson.
  • The Board of Directors and management team remain open to a constructive dialogue with Hudson, but are not prepared to turn control of the Company over to Hudson and its nominees.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.
  • Any forward-looking statement made by us in this release speaks only as of the date of this release.

USA Technologies Schedules First Quarter Fiscal Year 2020 Earnings Release and Conference Call

Retrieved on: 
Monday, November 11, 2019

Management will host a conference call and webcast the event beginning at 8:30 a.m. Eastern Time on the same day.

Key Points: 
  • Management will host a conference call and webcast the event beginning at 8:30 a.m. Eastern Time on the same day.
  • To participate in the conference call, please dial (866) 393-1608 approximately 10 minutes prior to the call.
  • An archived replay of the conference call will also be available in the investor relations section of the company's website.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies Showcases Upgrades to Its Market-Leading Seed Delivery Software at NAMA’s Coffee Tea & Water Show

Retrieved on: 
Wednesday, November 6, 2019

Today, USA Technologies, Inc. (OTC: USAT) a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced it will showcase upgrades to its Seed Delivery software , during NAMAs Coffee Tea & Water Show (CTW) in Anaheim, California, November 18-20th.

Key Points: 
  • Today, USA Technologies, Inc. (OTC: USAT) a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced it will showcase upgrades to its Seed Delivery software , during NAMAs Coffee Tea & Water Show (CTW) in Anaheim, California, November 18-20th.
  • Through cloud-based technology, USATs Seed Delivery software enables office coffee delivery businesses to replace paper-based invoices with iPads, postage with email, and phone ordering with self-service Web ordering.
  • For operators with both vending and OCS businesses, Seed Delivery is available as an add-on to Seed Office, USA Technologies cloud-based vending management system.
  • We look forward to showcasing this modern, innovative, end-to-end solution during the Coffee Tea and Water Show this month.

USA Technologies Management and Board Focused on Driving Shareholder Returns

Retrieved on: 
Monday, November 4, 2019

The USA Technologies Board, in consultation with its legal advisors, is carefully reviewing Hudsons preliminary consent materials and will communicate its recommendation to USAT shareholders in due course.

Key Points: 
  • The USA Technologies Board, in consultation with its legal advisors, is carefully reviewing Hudsons preliminary consent materials and will communicate its recommendation to USAT shareholders in due course.
  • USA Technologies issued the following Statement:
    The USA Technologies Board is disappointed that Hudson is intent on pursuing its distracting, unnecessary and costly efforts to take effective control of the Company, rather than engaging constructively with the Board to reach a mutually agreeable resolution so that the USAT Board and management team can continue to focus on creating value for all shareholders.
  • USA Technologies Board comprises nine highly qualified and experienced directors, eight of whom are independent and three of whom were recently appointed in April 2019.
  • The USAT Board and management team have been, and remain committed to, acting in the best interest of the Company.

USA Technologies Announces Results Reported by Automatic Food Services Following Implementation of the Seed™ Enterprise Optimization Platform

Retrieved on: 
Tuesday, October 29, 2019

USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced the results reported by Automatic Food Services (AFS) following the successful installation of Seed Pro, Seed Office, and Seed Markets.

Key Points: 
  • USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced the results reported by Automatic Food Services (AFS) following the successful installation of Seed Pro, Seed Office, and Seed Markets.
  • We believe that AFSs expansion of their relationship with us to include the Seed platform provided them with the optimal solution.
  • To learn more about the results, and how Automatic Food Services is operating better today, you can view the full case study here.
  • Automatic Food Services Customer Story
    USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies Announces Leadership Transition

Retrieved on: 
Thursday, October 17, 2019

Since joining the USA Technologies Board in April, I have been impressed with the company-wide efforts to stay focused on the customer and to deliver growth in the customer base and connection count.

Key Points: 
  • Since joining the USA Technologies Board in April, I have been impressed with the company-wide efforts to stay focused on the customer and to deliver growth in the customer base and connection count.
  • Mr. Herbert said, USA Technologies is a remarkable company, with a talented and dedicated team of employees.
  • With our efforts to regain our financial compliance complete, and with a recently bolstered balance sheet, I leave USA Technologies in a strong competitive position.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.