CKNN Cash Systems (MM)

Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced the signing of a Letter of Intent to provide Cash Systems powercash product to American Gaming Group LLC�s first casino project, The Wildwood Casino. Cash Systems previously announced that it had secured an agreement to provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking to The Wildwood Casino. This is the second location to agree to deploy Cash Systems powercash product and is the first non-Native American casino. Prior to deployment, powercash will be subject to regulatory approval, the development of the required interface between Cash Systems and Wildwood Casino�s slot accounting and player tracking system and the execution of a definitive agreement between Cash Systems and American Gaming Group, LLC. powercash includes patented technology that will change the way casino players purchase credits on the casino floor. Once patrons have enrolled in the casino player�s club program and with the Company's enrollment application software they will be able to purchase credits from their desired credit, debit or checking accounts while sitting at the gaming device. Players will be able to request funds from the designated financial account, purchase credits and transfer those credits into their player�s club account and then transfer down to the gaming device the amount of credits that they want to use. Casino patrons will no longer have to worry about bringing cash to the casino with powercash. powercash is the next evolution for the gaming floor. By reducing the dependency on cash and tickets, the gaming floor becomes even more dynamic for the casino patron. Moving from game to game is easier and faster by only having to use their casino player�s club card to access their credits. Safe and secure since any credits that are left on the gaming device are automatically transferred back to the players account simply by removing their casino player�s club card. Additionally, powercash is the first product that has the ability to touch every aspect of the casino facilities through the Company�s suite of products such as tablecash and play-n-shop. Patrons can use their player�s club card to make purchases in the retail shops, restaurants, spa, hotel and any of the entertainment facilities offered by a casino resort property. "powercash is the first cash access technology that allows a truly cashless casino floor while at the same time adhering to the principles of Responsible Gaming. This Letter of Intent with American Gaming Group represents another major milestone in our deployment of this cashless technology. The American Gaming Group understood the value of implementing powercash on the gaming floor and wanted to make sure they were first in the marketplace," said Michael Rumbolz, CEO of Cash Systems. Mr. Rumbolz further states, �Working together with American Gaming Group, we will be presenting the powercash technology to the regulators for approval for deployment at The Wildwood Casino�. "We look forward to finalizing our agreement with Cash Systems for powercash and once approved by the regulatory authorities, implementing powercash in our casino. powercash will allow us to offer our patrons the most complete gaming experience. We believe the powercash technology with all of its benefits will take the patrons experience to another level, said Eddie Lynn, Vice President and General Manager, American Gaming Group, LLC. Mr. Lynn furthers states, With the competitive environment we will be faced with in Cripple Creek, we were looking for ways to enhance the Wildwood player club program and set it apart from all other player club programs. We believe powercash is the technology that will give us the competitive edge," said Eddie Lynn, Vice President and General Manager, American Gaming Group, LLC. The Wildwood Casino will be the first new constructed casino to open in Cripple Creek, Colorado since 2006. Located approximately 45 minutes from Colorado Springs, Colorado, the Wildwood Casino will be the first casino encountered by visitors as they enter the city of Cripple Creek. The property will encompass over 50,000 sq. ft. with 25,000 sq. ft. dedicated to gaming. The one level casino will have over 700 state of the art slot machines with full ticket in ticket out capability and 14 table games. The Wildwood Casino will be the largest single level casino in the Cripple Creek market. Wildwood Casino will also offer to their casino patrons an upscale restaurant, Maverick�s, a casual caf�, Fireside Kitchen and a bar/lounge with entertainment capability. The property is complimented by a large covered parking area. Wildwood Casino will offer hotel rooms at the near by Gold King Mountain Inn which consists of 67 rooms complete with a spa, 25 meter pool and a fully equipped gym and sauna. The Wildwood Gas Station and Mini-Market will open at the same time as the Wildwood Casino giving the casino an additional competitive edge in the Cripple Creek market place. All three facilities are owned by the American Gaming Group, LLC and is affiliated with American Gaming Enterprises. About Cash Systems, Inc. Cash Systems, Inc., located in Las Vegas, with additional offices in San Diego and Minneapolis, is a provider of cash-access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit http://www.cashsystemsinc.com for more information. This press release may contain forward-looking statements, including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the Company's plan of operation, changes in the Company's anticipated earnings, continuation of current contracts, gaming and other applicable regulations, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10K and 10Q. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update any forecasts that it may make available to the investing public.