Cash Systems, Inc. (NASDAQ: CKNN) (the “Company”)
today announced that Glass Lewis and ISS Governance Services, the two
leading independent proxy advisors firms, have recommended that Cash
Systems stockholders vote "FOR" the Company’s
proposed merger agreement with Global Cash Access (“GCA”)
(NYSE: GCA) at its August 7, 2008 Annual Meeting of Stockholders.
As announced on June 16, 2008, GCA will acquire Cash Systems for total
aggregate consideration of approximately $33 million which includes
amounts to be paid for all of Cash Systems' issued and outstanding
shares of common stock at $0.50 per share, all of Cash Systems'
outstanding convertible promissory notes and warrants for $21 million
plus accrued but unpaid interest, and other transaction related
expenses. The Transaction has been approved by the boards of directors
of both companies.
About Cash Systems
Cash Systems, Inc., located in Las Vegas, with an additional office in
Burnsville, MN, is a provider of cash-access and related services to the
retail and gaming industries. Cash Systems' products include its
proprietary cash advance systems, ATMs and check cashing solutions.
Please visit www.cashsystemsinc.com
for more information.
For Cash Systems, Inc.
Don Duffy, 203-682-8215
