Money Centers of America, Inc. Announces 5 New Locations for its Cash Access and ONswitch(TM) Solutions

KING OF PRUSSIA, Pa., Feb. 4 /PRNewswire-FirstCall/ -- Money Centers of America, Inc. (Pink Sheets: MCAM), is pleased to announce the signing of 5 new customer contracts to install and provide cash access services and ONswitch™, its proprietary software solution that enables casinos to process their own transactions.  The newly signed casino properties are spread across Oklahoma, Minnesota, New Mexico, and North Carolina. The unique flexibility of Money Centers' solution and its multiple deployment alternatives allow casino operators to individually determine and manage the gradual migration of third party cash access services to an in house solution over time thereby capturing significantly greater profits from cash access.

"The operating environment for the casino industry went from high growth and expansion to a severe recession. In those high growth years, our clients focused solely on growing top line revenue, while outsourcing other major services. Now, they are looking for internal and external solutions that create efficiencies and ultimately, cut significant costs. Money Centers of America and the OnSwitch™ system does just that," said Christopher Wolfington, Chairman and CEO of Money Centers of America, Inc. "Innovation, such as in house transaction processing, that produces measurable results, compelling economics, and seamless integration will continue to be in high demand amidst the current gaming environment," said Wolfington.

About Money Centers of America:

Money Centers of America, Inc. is a leading provider of Cash Access Services, Transaction Management Systems, and Financial Networks to the gaming industry. Money Centers financial technology allows gaming operators to serve, retain, and increase guest frequency, more profitably. For a complete corporate profile on Money Centers of America, Inc., visit http://www.moneycenters.com.

Safe Harbor:

All statements in this document that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Money Centers of America's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Money Centers of America's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled 'Factors that May Affect Future Results and Financial Condition' in Money Centers of America's annual report on Form 10-K for the year ended December 31, 2004. Money Centers of America expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this document.

SOURCE Money Centers of America, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED