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LOS ANGELES – March 6, 2009 – Cash Technologies, Inc. (NYSE Alternext US:TQ) (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).
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. and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.
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