Dear Shareholder,
I would like to wish you a Happy Thanksgiving, and share with you more exciting news about our Company.
We have entered into a new contract with MasterCard Worldwide for 4,000 e-Port® G6 cashless transaction terminals. This is the fourth e-Port agreement with MasterCard in 18 months, and brings the total to 17,500 e-Ports covered by our agreements with the global card company.
MasterCard recognized mid-last year that the $44 billion vending industry was an extraordinary cashless opportunity, and chose our e-Port for its PayPass “Tap & Go” contactless card payment technology. The first e-Port contract was for 1,000 terminals in Coca-Cola vending machines in Philadelphia. That was followed by a contract for 5,000 terminals installed in Cadbury Schweppes vending machines, and machines operated by some of the biggest vending machine companies in the US. The third contract was for another 7,500 e-Port terminals in vending machines operated by Coca-Cola Enterprises.