USA Technologies Expands Industry Leading Sales Team
September 01 2011 - 1:42PM
Business Wire
USA Technologies, Inc. (NASDAQ: USAT), a leader of wireless,
cashless payment and M2M telemetry solutions for self-serve
retailing industries, today announced that the company is expanding
its sales team. The hiring of Hector Benavides, Jr., an
accomplished sales professional with extensive experience and
comprehensive knowledge of vending and wireless telemetry systems,
will add immediate value to USA Technologies’ sales force. Mr.
Benavides was previously employed by Cantaloupe Systems, a wireless
telemetry services provider for the vending market, where he was
responsible for industry connections throughout the Americas.
“We are thrilled to add a sales professional with Hector’s
knowledge of the industry to our team. His experience will be an
immediate value to us given the market demand for our products,”
said Michael Lawlor, Sr. Vice President of Sales and Business
Development. “The Company is expanding its sales organization, and
the addition of Hector allows USA Technologies to focus its
immediate attention to unrealized opportunities for our
technology.”
“I am very excited to be joining USA Technologies at this point
in the company’s growth,” stated Benavides. “With an industry
leading solution, I believe that the opportunity to grow the
customer base is relatively limitless given the evolution of
cashless payment and telemetry technology. My experience in this
industry has shown me there is demand throughout the industry for
USA Technologies’ comprehensive solution, and I look forward to
helping new customers enjoy the benefits of the company’s
innovative business solutions.”
Prior to joining USA Technologies, Benavides was the Regional
Sales Director for Cantaloupe Systems responsible for wireless
telemetry solutions throughout the Americas, developing strategic
sales strategies and promoting their technology solutions in the
markets. Previously, he served as Business Development Manager for
the Pepsi Bottling Group where he was responsible for providing
leadership to a team of sales associates to advance strategic
account plans and the creation of sales proposals yielding
profitable account maturity and growth, and was employed by Hershey
as a National Account Team Leader.
USA Technologies recently announced the expansion of its
JumpStart program to include a stand-alone telemetry option. This
makes it possible for owners and operators of self-service
terminals like vending machines to implement USA Technologies’
wireless telemetry solutions with no capital cost and no long-term
commitment. The program also enables these operators to add the
Company’s cashless solution later without the need to replace
hardware or contract with another service provider.
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 been
granted 79 patents and has agreements with Verizon, Visa, Compass,
Crane and others. Visit our 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 financial position, anticipated connections to our
network, business strategy and the plans and objectives of the
Company'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 the Company or its management, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of the Company's management, as well as
assumptions made by and information currently available to the
Company'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, business, financial
market and economic conditions, including but not limited to, the
ability of the Company to retain key customers from whom a
significant portion of its revenues is derived; whether the
Company’s customers continue to operate or commence operating
ePorts received under the JumpStart program or otherwise at levels
currently anticipated by the Company; the ability of the Company to
compete with its competitors to obtain market share; the ability of
the Company to obtain widespread commercial acceptance of it
products; and whether the Company's existing or anticipated
customers purchase ePort devices in the future at levels currently
anticipated by the Company. 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, the Company
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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