Global Payment (GPTX) Announces Resignation of CEO, Promotes William McMahon as Interim President, CEO

June 4, 2007 7:30 AM EDT
Global Payment Technologies, Inc. (NASDAQ: GPTX) announced that Stephen Nevitt has resigned as President, CEO and Director of Global Payment Technologies, Inc. effective immediately. Mr. Nevitt indicated that his resignation was due to personal reasons.

GPT also announced the appointment of William McMahon as interim President, CEO and a Director of Global Payment Technologies, Inc. Since April 16, 2006, Mr. McMahon has been Vice President and Chief Financial Officer and in addition to his title of interim President and CEO, he will retain the title of Chief Financial Officer.

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