LAS VEGAS--(Business Wire)--
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
Copyright Business Wire 2008
