Money Centers of America reports results

KING OF PRUSSIA, Pennsylvania -- (PRESS RELEASE) -- Money Centers of America, Inc. ("MCA" or the "Company") (OTC Bulletin Board: MCAM) today announced that it has filed its 10-Q with the Securities and Exchange Commission and its financial results for the quarter ended June 30, 2008.

Highlights of 10-Q for periods ending June 30, 2008

-- 6.2% Revenue increase for six months ending 6/30/08 compared to 6/30/07

-- $260,000 in new recurring revenue from new contracts.

-- $600,000 reduction in debt.

-- SG & A includes a non-recurring one time expense in excess of $205,145.

-- Decrease in interest expense for the quarter and six month reporting periods.

-- Operating Expenses include $274,292 in non-cash expenses for the quarter in addition to a decrease in equity compensation for the six month period ending 6/30/08 compared to 6/30/07

"We are excited that we have accomplished substantial improvements in the key fundamentals of our business, and its just the tip of the ice berg of what we believe the company's future holds," said Christopher Wolfington, Chairman and CEO of Money Centers of America. "The weak economy combined with our OnSwitch(TM) Solution's needle moving economics for our customers has created the perfect storm of opportunity that positions us to disrupt the status quo and create a paradigm shift in our industry," said Wolfington.