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TheStreet Open House

USA Technologies To Showcase EPortGO At The TLPA 95th Annual Convention And Trade Show

USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today announced that it will be showcasing its new, all-in-one solution for the taxi and for-hire vehicle industry— ePortGO™—at the Taxi, Limousine and Paratransit Association’s (“TLPA”) 95th Annual Convention & Trade Show in Boston, October 27-31, 2013, in the Verizon Wireless booth, Number 120.

Designed to turn a smartphone into a dynamic business terminal, ePortGO is a fully integrated transport system that enables credit/debit card fare payment, trip management, recordkeeping, vehicle dispatching, navigation, and other features. It’s an easily scalable and cost-effective solution that essentially eliminates the need for costly, multi-hardware investments, redundant processes and higher “card not present” processing rates.

ePortGO is available for one monthly fee per device for Android smartphones or tablets. Standard features of ePortGO include:

  • Integrated recordkeeping
  • Reconciliation
  • Web-based reports
  • Taximeter integration
  • In-vehicle credit/debit card acceptance
  • 24 x 7 customer service and support

Premium features include:

  • ePortGO’s standard features, plus
  • Cloud-based dispatch system
  • Reservation capability
  • Integrated GPS navigation and driver tracking
  • Branded passenger mobile app

View Product Overview video, or visit www.ePortGO.com.

ePortGO links software specifically designed for the taxi and for-hire vehicle industries with USAT’s ePort Mobile™ solution for secure credit/debit card mobile acceptance and USAT’s comprehensive cashless payment service, ePort Connect®. ePort Connect handles all aspects of credit/debit card acceptance—from merchant account setup to credit/debit card reconciliation and settlement to sales reporting and customer service—making it easy for businesses to implement and maintain their cashless payment offering. ePort Connect includes the Verizon Wireless network for connectivity.

According to the TLPA, the TLPA Annual Convention trade show is the largest trade show for for-hire transportation fleet owners in the taxicab, limousine & paratransit industry. The TLPA Annual Convention trade show is where leading industry vendors showcase and introduce the most advanced products, services, technologies and solutions to key decision makers. The TLPA’s 95 th Annual Convention and Trade Show will be held at the John B. Hynes Veterans Memorial Convention Center, Boston, Massachusetts, from October 27-31, 2013. For more information, visit http://www.tlpa.org/meetings/13annual_convention.cfm.

About USA Technologies:

USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries. USA Technologies also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™, an API Web service for developers. USA Technologies has been granted 86 patents; and has agreements with Verizon, Visa, Elavon and customers such as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.

Forward-looking Statements:

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to USAT or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, the ability of USAT to compete with its competitors to obtain market share; whether USAT's customers continue to utilize USAT's transaction processing and related services, as our customer agreements are generally cancelable by the customer on thirty to sixty days' notice; whether USAT's existing or anticipated customers purchase, rent or utilize ePort devices, including the ePortGO, or our cashless payment services in the future at levels currently anticipated by USAT; the ability of USAT to use available data to accurately predict future market conditions, consumer behavior and any level of cashless usage; whether the features and operation of the ePortGO fully comply with the legal requirements of local taxicab agencies; the ability of USAT to obtain licenses to sell or rent the ePortGO from local taxicab agencies, where mandated; and the ability of USAT to operate without infringing the proprietary rights of others. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

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