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Global Payment Technologies, Inc. Forms Strategic Alliance With Smart Card Integrators, Inc.

Global Payment Technologies, Inc.(GPT), a leading manufacturer of currency acceptance systems used in the worldwide gaming, beverage, and vending industries, has formed a strategic alliance with Smart Card Integrators, Inc., a smart card applications system iintegrator. GPT will work jointly with SCI to develop new products, combining the attributes of the traditional paper currency validator with the capabilities to process transactions using credit, debit and smart cards. Non-traditional forms of currency will continue to gain acceptance and popularity around the world, as is already happpening in the gaming market.

 

 

Hauppauge, New York, May 15, 2001 – Global Payment Technologies, Inc. (NASDAQ:GPTX) (“GPT”), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries, announced today that it has formed a strategic alliance with Smart Card Integrators, Inc. (“SCI”), a smart card applications system integrator headquartered in Los Angeles, CA.

 

SCI is a key player in the emerging North American and Latin American smart card market and has established a worldwide market niche in gaming. SCI provides integrated smart card solutions by combining a system’s design, development, and implementation components into one seamless product, including software, firmware, hardware, and cards.

 

Steven Katz, GPT Chairman and CEO, said, “We are very enthusiastic about our ป๊อกเด้ง ไฮโล alliance with SCI. We will work closely with them to jointly develop new products that combine the attributes of the traditional paper currency validator with the capabilities to process transactions using credit cards, debit cards, and smart cards. The first phase of product development will focus on the gaming industry, with opportunities in vending and retail to be pursued thereafter.”

 

“Through the alliance,” Katz added, “GPT will have the right to distribute the new products, as well as SCI’s current product line, on an …