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Cash Technologies Subsidiary Signs Services and Licensing Agreement With Health Payment Systems
Date:11/9/2007

ately 2,000 doctors throughout the U.S. HPS will participate in the recurring revenue generated from the use of the products by HPS clients.

"Claim-Remedi's software products fit seamlessly into our mission to assist our clients to improve their revenue collection efficiency," stated Bruce Lefco, HPS's Chairman and CEO. "In addition, HPS will leverage its relationships to bring complimentary products to the market that can generate additional revenue for HPS."

Bruce Korman, CEO of Claim-Remedi, stated, "HPS has responded to the recent advent of high-deductible health plans with a sophisticated solution that improves the revenue cycle for healthcare providers. The financial relationships they have developed with providers make them a natural partner for marketing the Claim-Remedi suite of products."

About HPS

Health Payment Systems, Inc. utilizes patent pending technology and innovative provider contracting methods to help reduce overall health care costs by minimizing the time it takes to pay providers for their services and eliminating the chaos consumers face with the glut of statements, bills and insurance explanation-of-benefits forms. For more information, please visit http://www.hps.md

About Cash Technologies

Cash Technologies, Inc. develops and markets innovative data processing solutions in the healthcare and financial services industries. Its ClaimRemedi Services, Inc. subsidiary creates and markets healthcare revenue acceleration solutions -- learn more at http://www.Claim-Remedi.com.

Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include technical barriers that prevent the implementation or success of Cash Tech's technologies and products, competition within
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SOURCE Cash Technologies, Inc.
Copyright©2007 PR Newswire.
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