GPTX Global Payment Technologies Inc (CE)

Global Payment Technologies, Inc. (BULLETIN BOARD SYMBOL:GPTX.OB)(GPT) announced an additional capital raise of $190,000 from three investors; two of its newly appointed directors, David Crompton and Steven Crisp, and Richard Soussa, a co owner of ecash Pty Ltd. The purchases were 200,000 and 500,000 and 250,000 shares respectively, of GPT common stock at $0.20 per share. The shares were purchased for investment purposes and are not registered. In addition each investor received warrants to purchase a further 200,000, 500,000 and 250,000 shares respectively, of GPT common stock at $0.28 per share. The warrants expire in March 2012. Andre Soussa, Chairman of the Board and CEO of GPT stated, �The last 8 weeks have been spent on restructuring the organization and stabilizing it so that we can move on to a more aggressive phase aimed at returning the organization to profitability. This additional funding assists us in that endeavor. It also demonstrates the confidence of each of these investors (two of whom are new directors) in the future of GPT. I look forward to working with the new board in rebuilding the status and reputation of GPT in the marketplace.� 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.