Cash Tech Reports Positive EBITDA for Champion Subsidiary

Fri. March 06, 2009; Posted: 01:37 PM

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LOS ANGELES, CA, Mar 06, 2009 (MARKET WIRE via COMTEX) -- TQ | Quote | Chart | News | PowerRating -- Cash Technologies, Inc. (NYSE Alternext US: TQ | Quote | Chart | News | PowerRating) (the "Company") announced today that revenues from its CPI Holdings, LLC dba Champion Parts subsidiary reached $217,841 in the month of February, the highest to date. This generated a gross profit of $60,268 and CPI's first positive EBITDA of $59. CPI's net income after amortization and interest expenses was $(72,100).

"Our business has been steadily improving since we acquired the Champion assets in May, 2008 and we're pleased to report this milestone," stated Jerry Bragiel, president of CPI Holdings. "Continued growth from our existing customers as well as anticipated new business is expected to push CPI well into profitability in the coming months."

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, failure to complete expected financing, 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
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SOURCE: Cash Technologies, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=2CBFEC532383045C

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