USA Tech (USAT) Says S.A.V.E.'s Stewart Not Independent, Endorsement 'Self Serving'

June 26, 2012 6:12 AM EDT
USA Technologies, Inc. (Nasdaq: USAT) issued the following statement regarding James W. Stuckert’s “endorsement” publicized by S.A.V.E.:

In a testament to the S.A.V.E. group’s desperation, in a June 25, 2012, announcement regarding James Stuckert’s supposed “endorsement,” Mr. Stuckert was positioned as an independent shareholder. However, Stuckert is in fact a member of S.A.V.E. and any “endorsement” from him brings new meaning to the term “self-serving.”

USAT shareholders are reminded that their vote is important, no matter how many shares they own. With the annual meeting days away, time is of the essence and the Company recommends shareholders to vote today by Internet or telephone. The Company encourages shareholders NOT to return or otherwise vote any proxy card sent by S.A.V.E.

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