Cash Technologies, Inc., a developer of transaction processing systems, announced that it has executed a definitive asset purchase agreement for its previously announced acquisition of certain assets and contracts of Heuristic Technologies, LLC, a Sherman Oaks, California based financial data processor. A new, wholly-owned subsidiary of Cash Technologies has been formed to operate the acquired assets.
Closing of the transaction is subject to several items, including but not limited to the assignment of various customer and trade agreements, the completion of necessary funding, final approval of the Board of Directors of Cash Technologies, the completion by Cash Technologies of its due diligence investigation and other customary closing conditions. There can be no assurance that all required closing conditions will be met or that the transaction will be consummated.
About Cash Technologies
Cash Technologies, Inc. develops and markets innovative data processing systems, including the BONUS(TM) and MFS(TM) financial services systems, EMMA(TM) transaction processing software and PrISM(TM) security system. Through EMMA, consumers and businesses may access a wide variety of financial services via ATMs, POS terminals and wireless devices including: check cashing, electronic bill payment, event ticketing, interactive advertising and other functions. The Company also produces CoinBank(R) self-service electronic coin counting machines. For more information, visit .