WallStreet Research Announces Investment Opinion: WallStreet Research Initiates Coverage of USA Technologies Shares at www.WallStreetResearch.org
NEW YORK--(BUSINESS WIRE)--WallStreet Research, a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company LLC, announced today that it has released an analyst research report covering shares of USA Technologies (NASDAQ:USAT) with a Speculative Buy. The complete report on USA Technologies together with attendant risk factors and additional information about WallStreet Research is available at www.WallStreetResearch.org.
Mr. George Jensen, Chairman of the Board and CEO of USA Technologies, stated: “We are pleased that WallStreet Research has initiated research coverage of the USAT shares at this critical juncture of our strategic business plan implementation. We have just entered into a strategic relationship with First Data Corporation, a global leader in credit card processing serving more than 5.4 million merchant locations, over 2,000 card issuers and their customers, as well as millions of consumers worldwide. At the same time, we are releasing a new generation of our flagship product, which offers great advantages for our clients.”
Mr. Alan Stone, Managing Director of WallStreet Research, added: “Both myself and WSR senior analyst, Paul Resnik, CFA, will accompany the Company on its roadshow events today in New York City, where the management will present their exciting story to groups of institutional, accredited investors, and FINRA broker dealers.” Mr. Paul Resnik, CFA, Senior Analyst, further noted: “We are very positive as to the enormous growth rate of the Company, based on all the current marketing initiatives and the outlook for future profitibility.”
About USA Technologies
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com. To view a Company overview presentation, visit http://www.usatech.com/company_info/dl/USAT_company_overview.pdf.
About WallStreet Research
WallStreet Research (WSR) is a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management, an investment analyst at Prudential Insurance Company's Capital Markets Group, and an investment banker with Ladenburg Thalmann & Company. The firm has offices in Los Angeles, CA, Palm Beach, FL, and New York City, NY, and is well known for discovering undervalued companies and bringing them to the attention of the investment community. ASC/WSR also arranges road shows for its publicly traded clients, before the investment community in New York City, California and Florida.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.
Disclaimer
The information presented in the WallStreet Research report is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to therein or otherwise. Readers are encouraged to conduct their own due diligence and review all of the company's financial statements and risks statements on file with the SEC. USA Technology has paid a consulting fee of $17,500 to Alan Stone & Company, LLC in conjunction with the preparation and distribution of this report and a quarterly update, as well as additional fees for various road show services. Alan Stone & Company, LLC or its associates may own shares, for investment purposes, in its corporate accounts, and may increase or decrease its positions at any time, without notice.
