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Cash Systems Reports Record Q2 Results

MINNEAPOLIS, Minnesota – (Press Release) -- Cash Systems, Inc. (OTC Bulletin Board: CSHS) today reported record second quarter and six month results for the periods ending June 30, 2003. For the second quarter 2003, revenues rose 137% to $7,872,149 from $3,325,793. EBITDA for the second quarter ending June 30, 2003 totaled $684,393, while Net Income surged $1,036,554 from a loss of $621,525 in the year ago quarter to positive Net Income of $415,029 in the second quarter 2003. Net Income Per Share rose to $0.03 from a loss of $0.05 last year.

For the six months ended June 30, 2003, revenues rose 145% to $14,873,574 from $6,075,371 in the year ago period. Net Income for the six-month period rose to $897,355, or $0.07 per share, from a loss of $945,121, or ($0.08) per share, last year. EBITDA for the six months ending June 30, 2003 was $1,436,287 compared to ($117,687) last year.

Craig Potts, CEO of Cash Systems, commented on the quarterly and six months earnings. "We are very pleased to report our third straight profitable quarter and third straight quarter of record revenues and net income. We recently announced new contracts as well as a new product, our Player Loyalty Station. We are looking forward to the Global Gaming Expo in Las Vegas next month so we can display all our products. Our sales force expects to aggressively promote the products at the upcoming show."

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