SAVE files detailed business improvement plan for USA Technologies with SEC

theflyonthewall.com

S.A.V.E. Partners IV, LLC, which together with its nominees and certain other shareholders are members of a group that collectively owns 3,196,739 shares of common stock of USA Technologies, representing approximately 9.8% of the Company's outstanding shares, announced today that it has filed its detailed business improvement plan for USAT with the SEC. SAVE also issued the following letter to shareholders of USAT regarding the critical choice now facing them over their Company's future and what SAVE believes to be fundamental flaws in USAT's own business plan: "SAVE's seven highly-qualified nominees are the right choice to lead USAT into the future and maximize value for all shareholders. We believe that USAT's current Board is mired in a fundamentally flawed business plan that will only lead to a further deterioration of shareholder value."

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