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Cash Technologies Subsidiary Signs Services and Licensing Agreement With TriCap Health Group
Date:10/25/2007

LOS ANGELES, Oct. 25 /PRNewswire-FirstCall/ -- Cash Technologies, Inc. (Amex: TQ) announced that its wholly owned subsidiary, Claim-Remedi Services, Inc. has entered into a Services Agreement (the "Agreement") with TriCap Health Group, LLC to incorporate Claim-Remedi's products into TriCap's ARxChange(TM) debt disposition platform. TriCap's ARxChange system is the first centralized on-line marketplace for the disposition of healthcare debt and accounts receivables. ARxChange represents a core solution in TriCap's compelling product portfolio dedicated to helping solve many of today's pressing healthcare-related business, financial, and technology challenges.

Under the two-year Agreement, TriCap shall utilize Claim-Remedi's products to identify portions of patient-debt portfolios that can be recovered from insurance companies, rather than through patient collections, thus substantially increasing the value of such receivables. Fees are based on the value of recovered collections and will be shared between TriCap and Claim-Remedi on an equal basis. The Agreement also permits the parties to market each other's products to their respective growing client constituencies.

"We expect Claim-Remedi's products to play an invaluable role in helping us substantially increase the recovery rate of healthcare receivables, thereby enhancing the value of our core ARxChange(TM) platform," stated Joseph E. LaManna, TriCap's CEO.

Healthcare providers in the U.S. set aside $129 billion annually to cover bad debt, amounting to roughly 7 percent of the industry's revenues, which is twice the industry's average net profits of 3 percent according to industry research.

LaManna added, "Growing bad debt has severely compres
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SOURCE Cash Technologies, Inc.
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