Global Payment Technologies, Inc. Files Form 15 Exempting Company from Filing Requirements

Global Payment Technologies, Inc. (BULLETIN BOARD SYMBOL:GPTX.OB)(GPT) announced that due to restructuring aimed at returning the company back to profitability, the Company had filed Form 15 to allow GPT an exemption from the filing requirements under Section 12 of the Securities Exchange Act of 1934. GPT qualifies for this exemption because it has fewer than 300 record holders. The Company will not be subject to filing Forms 8-K, 10-Q, 10-K or proxy statements and its directors, executive officers and certain beneficial owners can cease being subject to filing Forms 3, 4 and 5 and Schedules 13-G and 13-D.

GPT has been trading on the Bulletin Board and on the Pink Sheets and will continue to trade through the Pink Sheets. Detailed trading information and quotes may be referenced at www.PinkSheets.com using the GPT trading symbol GPTX. Corporate and financial information will still be available at the Company�s web site www.gptworld.com.

Andre Soussa, Chairman and CEO of Global Payment stated, �This is a voluntary move by GPT as part of its restructuring program and is simply aimed at maximizing our dollars to benefit the company and its shareholders. GPT will continue to have its shares traded, but in this global economic downturn, it makes every sense to take a pre-emptive measure and make use of all funding where it counts. The cost of the yearend audit, compliance with Sarbanes Oxley and other expenses related to staying current with filings to the SEC exceeds the benefits derived by GPT and its shareholders at this time. It is our intention to continue to report our financial results and to provide periodic information through press releases to keep our shareholders informed. We will continue to evaluate the costs and benefits of remaining on the Pink Sheets and may choose to return to the Bulletin Board at the appropriate time. GPT continues to make progress in its restructure including the successful launch of its new product the NOVA Black which was introduced at the Las Vegas Gaming Show, G2E in November and is targeted to the gaming market.�

Global Payment Technologies, Inc. is a United States based designer, manufacturer and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT�s proprietary and patented technologies are among the most advanced in the industry. Please visit the GPT web site for more information at http://www.gptworld.com.

Special Note Regarding Forward-Looking Statements. A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements.

Global Payment Technolog... (CE) (USOTC:GPTX)
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