Cash Technologies Subsidiary Agrees to Supply Four of the Top Six U.S. Auto Parts Retailers

Tue. July 29, 2008; Posted: 09:42 AM

LOS ANGELES, CA, Jul 29, 2008 (MARKET WIRE via COMTEX) -- CREBQ | Quote | Chart | News | PowerRating -- Cash Technologies, Inc. (AMEX: TQ | Quote | Chart | News | PowerRating) ("Cash Tech") announced today that its CPI Holdings, LLC subsidiary ("CPI"), which completed its acquisition of certain assets of Champion Parts, Inc. on May 5, 2008, has continued to make progress in recovering former Champion customers, supplying or agreeing to supply four of the top six U.S. automotive parts retailers. This represents an estimated $3.4 million annual revenue run rate, which is expected to produce profitability for CPI.

Champion was the leading remanufacturer of automotive fuel system components in the U.S. before its bankruptcy in October 2007, supplying the largest auto parts retailers in the U.S., with combined distribution of more than 20,000 retail stores. CPI has agreed to supply two of the retailers on an exclusive basis and two others for portions of their business.

Jerry Bragiel, President of CPI, stated, "Our relationships with major retailers are continuing to build. Current shipments of about $100,000 per month are expected to triple over approximately the next 60 days as the recent commitments are implemented. We expect to continue to increase commitment levels with the retailers thereafter."

Matters discussed in this release include forward-looking statements within the meaning of the "Safe Harbor" provisions of the PSLRA that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include revenues not reaching expected levels, unexpected competition within the automotive products industry, anticipated improvements in operating costs and net operating margins not being realized, risks related to management and labor, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.

Media Contact: Ed King 213-745-2000 Ext. 114 Email Contact

SOURCE: Cash Technologies, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=CD7F4889A24B7375

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