Cash Technologies Subsidiary Recovers Second Major Retail Customer and Achieves First Month Targets

LOS ANGELES, CA--(MARKET WIRE)– May 30, 2008 – Cash Technologies, Inc. (AMEX:TQ - News) ("Cash Tech") announced today that its CPI Holdings, LLC subsidiary ("CPI"), which completed its acquisition of certain assets of Champion Parts, Inc. on May 5, 2008, has continued to make rapid progress in recovering former Champion customers, resuming business with two of the top five U.S. automotive parts retailers and meeting its first month revenue target of $100,000.

Champion was the leading remanufacturer of automotive fuel system components in the U.S. before its bankruptcy in October 2007, with revenues of approximately $20 million per year. Champion's customers included the top five auto parts retailers in the U.S. and dozens of smaller customers, with combined distribution of more than 20,000 retail stores.

Jerry Bragiel, President of CPI, stated, "I'm pleased to report that our first month of operations has gone according to plan. We've hired our initial compliment of staff, restarted production and resumed business with two of the top five retailers as well as numerous smaller customers. These accounts are projected to generate in excess of $2,000,000 per year in revenues, which is approximately our cash flow break-even point. We will have shipped approximately $100,000 worth of goods, meeting projections for our first month in business."

Matters discussed in this release include forward-looking statements within the meaning of the "Safe Harbor" provisions of the PSLRA that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include revenues not reaching expected levels, unexpected competition within the automotive products industry, anticipated improvements in operating costs and net operating margins not being realized, risks related to management and labor, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC.

Media Contact:
Ed King
213-745-2000 Ext. 114
eking@cashtech.com

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