Money Centers of America, Ho-Chunk sign deal

KING OF PRUSSIA, Pennsylvania -- (PRESS RELEASE) -- Today Money Centers of America (OTC Bulletin Board: MCAM) a provider of Cash Access, the ONswitch(TM) Transaction Management System, and Financial Networks for the gaming industry announced it has entered into a licensing and financial services agreement for its ONswitch(TM) Transaction Management System with The Ho-Chunk Nation in Black River Falls, WI. Under the agreement, The Ho-Chunk Nation will be licensed to use the ONswitch(TM) Solution to leverage their existing infrastructure to internally deploy cash access and merchant card processing. ONswitch(TM) empowers The Ho-Chunk Nation to take back control of the guest experience and will generate an anticipated internal rate of return in excess of 37%. Money Centers of America will provide its proprietary technology, training, support, and maintenance services that will generate first year revenue of approximately $9,600,000.

"If in today's economy the status quo requires elimination of a measurable and recurring source of meaningful new profits from a gaming operation, it's our obligation to disrupt the status quo and create real sustainable value for our customers," said Christopher Wolfington, Chairman & CEO of Money Centers of America. "The ONswitch(TM) Agreement with the Ho-Chunk Nation is much more than catching lightning in a bottle. It ignites a new era in the cash access segment of the gaming industry," said Wolfington.

"When you consider the circumstances and resulting volatility this year with casino cash access companies that exposed significant financial and operational risks, we had a responsibility to evaluate the alternatives to outsourcing cash access services," said Joseph Decorah, Executive Director of Business for the Ho-Chunk Nation. "By unveiling the industry protected business paradigm associated with cash access transactions, Money Centers of America was able to clearly demonstrate how the ONswitch(TM) solution seamlessly integrates into our existing infrastructure and that our current transaction volumes virtually locked in an internal rate of return of 37%," said Decorah.