USA Technologies, Inc. Retains Porter, Levay & Rose, Inc. as Investor Relations Counsel

MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies Inc. (NASDAQ:USAT), a leading provider of wireless, cashless, micro-transactions and networking services targeting the $475 billion dollar self service industry in the US, announced today that it has retained Porter, LeVay & Rose as its investor relations agency. Porter, LeVay & Rose is a full-service New York investor relations firm with 37 years’ experience representing public and private companies in the US and abroad.

“I am personally and professionally excited to represent USA Technologies to the financial community, and I look forward to executing our communications program on the company’s behalf.”

George R. Jensen, Chairman and CEO of USA Technologies, said, “We are pleased that Porter, LeVay & Rose will be bringing the USA Technologies story to the investment community and to our shareholders. PLR has decades of investor relations experience and a specialist’s knowledge of the markets, and we plan to leverage the firm’s knowledge to help us increase market awareness. Our goal is to raise our profile on Wall Street via an aggressive communications strategy, to garner analyst coverage and to build a following that will invest in our future.”

USA Technologies ePort® cashless payment product line is the world’s first contactless card payment technology designed for vending machines. ePort accepts all forms of cashless payment devices, from traditional magnetic swipe credit and debit cards, to radio frequency (RF) cards and devices. USA Technologies, MasterCard and Coca-Cola Enterprises recently completed installation of 7,000 ePort terminals nationwide. In October 2007, USA Technologies installed a record 5,000 ePorts, bringing the total to 24,000 cashless terminals on its USALive® Network. In November, MasterCard entered into a contract for an additional 4000 ePort terminals. The company reported there were a record 7,123 ePort units shipped during the quarter ended December 31, 2007 (Q2 FY 08) vs. 1,982 units shipped during the quarter ended December 31, 2006 (Q2 FY07), a 259% increase.

Michael Porter, President of Porter, LeVay & Rose, said, “USA Technologies is one of the most exciting companies in the business services space, and we are thrilled to be assisting management in its drive to carve out substantial market share and win the Street’s attention. We think this company is a great entrepreneurial story with a fantastic product line and a pipeline of creative ideas.”

USA Technologies provides cashless, remote management, reporting, and energy management solutions to the unattended point of sale market, which currently includes vending machines, photocopiers and laundry machines,” Mr. Porter continued. “The vending business is a $100 billion business worldwide, and USA Technologies is the current leader, with a real foothold in the industry.

“Earlier this month, we announced our eSuds Credit service, an online laundry service, to target the 7.5 million washers and dryers operating in multi-family housing. eSuds Credit enables residents to go online to see what washers and dryers are available in their shared laundry facility, to pay for their laundry services with a credit or debit card, and to be notified via email, PDA or cell phone when the wash or dry cycles are complete,” Mr. Jensen added. “We are building real critical mass, and we see our relationship with PLR as an important component of our continued success and growth.”

Mr. Porter concluded, “I am personally and professionally excited to represent USA Technologies to the financial community, and I look forward to executing our communications program on the company’s behalf.”

About USA Technologies, Inc.

USA Technologies, Inc. provides cashless, remote management, reporting, and energy management solutions to the unattended point of sale market. The company's network devices and associated services enable the owners and operators of distributed assets – such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment – the ability to monitor, control, and report on the results of the distributed assets, as well as the ability to offer the customers cashless payment options. Its products include Intelligent Vending, an ePort connect solution for the vending industry; eSuds, a solution for the commercial laundry industry; Business Express, a suite of office equipment; KIOSK that offers a cash-free payment option; and Web-based remote monitoring and management for all kiosk types. The company also manufactures and sells energy management products that reduce the electrical power consumption, including VendingMiser, CoolerMiser, VM2IQ and CM2IQ, SnackMiser, and PlugMiser. USA Technologies has marketing agreements with AT&T, Blackboard, Honeywell, MasterCard and others. The company was founded in 1992 and is based in Malvern, PA. For further information, please visit www.usatech.com.

Safe Harbor/ Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies’ actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.