Cash Technologies (TQ) Announces Key Strategies to Become Cash Flow Positive in 2007
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Cash Technologies, Inc. (Amex: TQ) announced that the key elements of its marketing strategies and products lineup for its healthcare and financial services businesses have been implemented.
Adapting to challenges of the post-dot-com environment, Cash Technologies revamped and repositioned its market strategy by licensing and developing the company's current products lineup and completing agreements in the past 18 months that leverage existing sales channels, including agreements with Affiliated Computer Services, Inc., Green Dot Corporation, IMaCS, Inc. and others.
Management believes that with key strategies in place, the Company will become cash flow positive in 2007. Proceeds from the Tomco transaction alone will cover approximately 40% of Cash Tech's monthly expenses and are scheduled to begin in February, 2007. Sales of healthcare products to the US Air Force and healthcare providers in addition to the distribution of prepaid debit cards provide additional monthly revenue.
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