LOS ANGELES, Sept. 16, 2009 (GLOBE NEWSWIRE) -- Cash Technologies, Inc. (OTCBB:CTQN) announced today that its wholly owned subsidiary CPI Holdings LLC, dba Champion Parts (the "Company") has begun shipping to another of the nation's top six automotive retailers. This brings the total to four of the top six retailers to which the Company is the primary or a major supplier of automotive fuel system components.
"Our customers collectively operate more than 12,000 retail stores, giving us enormous exposure for our goods and the potential to expose new products through an extensive retail network," stated Jerry Bragiel, president of CPI Holdings. "We have shown consistent quarter over quarter growth in our revenues and customer base since we began operations in May 2008."
Matters discussed in this release include forward-looking statements within the meaning of the "Safe Harbor" provisions of the PSLRA that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include revenues not reaching expected levels, unexpected competition within the automotive products industry, anticipated improvements in operating costs and net operating margins not being realized, failure to complete expected financing, risks related to management and labor, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.