<SEC-DOCUMENT>0001140361-12-027229.txt : 20120524
<SEC-HEADER>0001140361-12-027229.hdr.sgml : 20120524
<ACCEPTANCE-DATETIME>20120524172851
ACCESSION NUMBER:		0001140361-12-027229
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20120524
DATE AS OF CHANGE:		20120524
EFFECTIVENESS DATE:		20120524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000896429
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				232679963
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33365
		FILM NUMBER:		12868606

	BUSINESS ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 140
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6109890340

	MAIL ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 140
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA ENTERTAINMENT CENTER INC
		DATE OF NAME CHANGE:	19931029
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>formdefa14a.htm
<DESCRIPTION>USA TECHNOLOGIES DEFA14A 5-24-2012
<TEXT>
<html>
<head>
    <title>formdefa14a.htm</title>
    <!--Licensed to: Thomson Reuters Accelus-->
    <!--Document Created using EDGARizer 2020 5.4.2.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 14pt">UNITED STATES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 14pt">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">Washington, D.C. 20549</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt">SCHEDULE 14A</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">EXCHANGE ACT OF 1934</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Filed by the Registrant&#160;&#160;&#160;<font style="DISPLAY: inline;" face="Wingdings">x</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Filed by a Party other than the Registrant&#160;&#160;<font style="DISPLAY: inline;" face="Wingdings">&#168;</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Check the appropriate box:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Preliminary Proxy Statement</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Definitive Proxy Statement</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">x</font>&#160;&#160;Definitive Additional Materials</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Soliciting Material Under Rule 14a-12</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 24pt">USA TECHNOLOGIES, INC.</font></div>
</td>
</tr><tr>
<td valign="top" width="50%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Name of Registrant as Specified In Its Charter)</font></div>
</td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="50%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Payment of Filing Fee (Check the appropriate box):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">x</font>&#160;&#160;No fee required.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Fee computed on table below per Exchange Act Rules 14a-6(I)(1) and 0-11.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1) Title of each class of securities to which transaction applies:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2) Aggregate number of securities to which transaction applies:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4) Proposed maximum aggregate value of transaction:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5) Total fee paid:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Fee paid previously with preliminary materials.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously filing by registration statement number, or the Form or Schedule and the date of its filing.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1) Amount Previously Paid:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2) Form, Schedule or Registration Statement No.:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3) Filing Party:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4) Date Filed: December 10, 2009</font></div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><img src="logo.jpg" alt=""></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">FOR IMMEDIATE RELEASE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Investor Contact:</font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Media Contact:</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Veronica Rosa</font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Joe Crivelli</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">VP, Corp. Comm. and Investor Relations</font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Senior Vice President</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">USA Technologies</font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gregory FCA</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">484-359-2138</font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">610-228-2100</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">vrosa@usatech.com</font></font></div>
</td>
<td align="left" valign="top" width="50%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">joec@gregcomm.com</font></font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">COURT FINDS DISSIDENT SHAREHOLDER VIOLATED HIS CONTRACTUAL AGREEMENT IN PROXY FIGHT AGAINST USA TECHNOLOGIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">USAT Will Be Seeking Reimbursement of the Attorney&#8217;s Fees and Expenses it Incurred in Connection with the Action</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MALVERN, PA, May 24, 2012</font> -- <font style="DISPLAY: inline; TEXT-DECORATION: underline">USA Technologies, Inc</font>. (NASDAQ: USAT), (&#8220;USAT&#8221; or the &#8220;Company&#8221;), a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries,&#160;today announced that the United States District Court for the Eastern District of Pennsylvania has determined that Bradley Tirpak, a dissident shareholder and former board member, whose proxy contest organization operates under the self-laudatory moniker of S.A.V.E., has violated a contractual agreement in an attempted proxy battle against USA Technologies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Court found that various statements made by S.A.V.E. in the last month violated a non-disparagement provision of an agreement entered into by Tirpak and his affiliates with the Company in May 2011. The Court&#8217;s ruling also enjoins Tirpak and his other director nominees, Craig W. Thomas, George Wallner, Rodman K. Reef, John S. Ioannou, Ajoy H. Karna, and Andrew Salisbury, from engaging in future violations of the May 2011 Settlement Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stephen P. Herbert, chairman and chief executive officer of USA Technologies, stated, &#8220;We are pleased that the Court, in granting the injunctive relief sought by the Company, validated our concerns that inappropriate statements made by Tirpak and S.A.V.E. violated the May 2011 Settlement Agreement between the Company and Tirpak and that these breaches caused irreparable harm.&#160;&#160;&#160;We will be delivering to Mr. Tirpak a demand for the reimbursement of all the Company&#8217;s fees and expenses related to this action, and expect prompt payment thereof, as required by the terms of the May 2011 Settlement Agreement.&#8221;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Herbert continued, &#8220;By breaching the non-disparagement agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> which he freely entered into one year ago, Bradley Tirpak has demonstrated a troubling lack of integrity and judgment.&#160;&#160;&#160;Mr. Tirpak and S.A.V.E., the group he runs, have made clear that they cannot be counted on to honor their written agreements or their other promises.&#160;&#160;We do not believe that such individuals can or should be trusted to run your company.&#8221;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">About USA Technologies:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has been granted 79 patents and has agreements with Verizon, Visa, Compass, Crane and others. Visit our website at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.usatech.com</font>.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">###</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``8$!08%!`8&!08'!P8("A`*"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!#`0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P``1"`!&`-@#`2(``A$!`Q$!_\0`
M'````@(#`0$```````````````<%!@,$"`(!_\0`31```0($!`,""`D(!@L`
M`````0(#``0%$082(3$'$T$B40@4%C)A<8'2%4)48I&3H;'1(S9R=(24LL$7
M)35UDN$8)"8S0U)58W."PO_$`!H!``(#`0$````````````````%`0,$`@;_
MQ``K$0`"`@(!`P,#!`,!`````````0(#!!$Q$A,A%$%1!6&1%3.!H4)2X?#_
MV@`,`P$``A$#$0`_`.J8(#'R\`'V"/!<`CPI\"^FT3ILC:,T$::IY"1<B,2Z
MFE/Q"3ZXZ4)/V.7.*Y9(P1&?"S9-@CUZQ\%71K=!'MB>U/X([L/DE(CZK69&
ME!)GW5M)5LH-+4/:4@VCQ\+(&I1OMKO"]XUN-3^'95M:;MJG9=*DWW!4;Q,:
M9.23!VQT]%S\M*!\O/U#GNP>6E`^7'ZASW8KE7X7X.8H\Z\U1&DN-L+6D\YS
M0A)(/G0DN!M`IF(L8NR=:E$S4LF36Z$*44]H*0`="#U,6PIA.+DF_'V_Z<2L
ME%J.N3I#RTH'R\_4.>[!Y:T#Y>?J'/=A4<;L#X<P]@]N<HU,;E9DS*$9PXM7
M9(.FI(Z1YX2\)9">I,O6<2MK>\83G9E+E*0GH56U).]H.S7V^YU?T'<GU=.A
ML^6M`^7GZASW8/+6@?+S]0Y[L0]1X5X-G)9;(H[$NHBP<84I*D^G?[XY,FV4
M,S;S2=4H6I()[@8ZHQX7;T^"++95\H[+\M*!\O/U#GNP>6M`^7'ZASW877"C
MAMAVI8'D)^M4Q$U-S.9S.IQ:;)S$`6!`V'VQ"\<\`4:@X=DZC09!,KD?Y;^5
M:E9@H:><3L1]L<*JMS[>W_[^279-1ZM#B9Q?0WW4MLSBEK5L`PY[L3\<<\+5
M!K&DHY;S6WE:>AM4=3KQ$A(!#"B?^6]B8FW%E"73'R1'(BUN7@GX(K)Q6TE9
M2J66"!J<VD>!BYO+F\57EV!"MXK]/9\$^IJ^2TP17V,2-.$#DJ2H]YVC?:JB
M'!<(-N^\<NJ<>46*R,N&2,$:J9Q)&UHRI>"ND<:9V98(^`WV@B`!1M&NXX!&
M9R--_K'<40S&[-)3?4$Q%S54:02%*L.I@G3EO:\5:JN><`K3K&NFM2*+)-(D
M)K$++9)4H*MM$6]BN522.84N'O.@BIU%P:DY@1M%>GE[BY/>895XL6*[KY1X
M+^_C610<JUD(&I4#O&$XZD`DJSE;8V`A33:QG.52LHZ'K&DMP`@E12KH(VK!
MK:\BN6=;O2',,?2(%TK47#\0Q%XLKTO6Z"GD9LS-0E,]]KE:OPA4J=L>TI><
M]1%BH2PO#LV`2JU1DM3^DJ*<G%KKAU+GP:</)LLM49/QY.GZ_P#V!4?U5S^`
MQSEX-GY_O_W>Y_&W'1M?_L"H_JKG\!CG+P;/S_?_`+O<_C;A)1^S,?6_N1&3
MX1WYA-=?]<1]RH8U#F)>;HLB_)%)EW&$*;*=LMM(7/A'_F"U^N(^Y40/@[8Q
M2Y++PU/N`.-W<D[GSDZE2/9N/03W1#K<L=27LSKJ4;6G[BTQ;4,2X=QY/N3-
M1FVZBT^I270X;+03V2!L4D=-HIZBM]XDZN.*OZR8Z5X^8-^&J&*S(M`U"03=
MRP-W&>H]8W^F$#@N054\74>30G-S9IL$?-"KG[`888]D95]2Y7)DM@XRTSKW
M"\FBA83ILH\0A,I*(0LGI9(N3]L0W&*3\?X;5MM*<RD,AY/_`**"OY1ZXN5!
M=-X>5A]HY7"V&TG])0'W$Q/L\FKT!O,`N7FY8>U*D_@84Q;35GW-[X</L<B\
M.W1+XG0\H7#<O,+/L:48<;N,I2XSR[O,7M8](2^&&U2==GFUCM,RDXD^M+*_
MPCV*K8DI*R3WVCT5-$+I-R^QYW.OMJ457KW'#Y5RJU!MMLN)&JB5;1[9Q-*.
M'-REM@:)!5<0GT5)"@$66GJ2D[F)*3J*K]JZDCS0=8OEAP2\&.K+ND],<4G6
MFUJ`Y>=:MS?I$_(U.77HFZ0/3N83M.GKC904=S%NI,Z>R+D@=\+KL=(=T62?
M(S6)A*@#>]XW6E@[15:9,9@FXU,6"65H-X660T,8O9*M&",3)V@C.T6HV5QH
MS!M>-QP7$1\RTI5]8(AHAZDYE"C<7M%*K,S8*!(`]<6FL22EI5J=H7.(:,XK
M,$ND7U,;*K&N$46131%5"=LHW4GZ8KTW-IU&=([]8T*Q07"I1YRAW:13JA0'
M]?RY5?>&%>3-<1%UU,7Y99)V<03YZ-/3&@Y/ZZK2>[7:*@]0W0='C8=#UC65
M0G%`GG$*VC3ZZU?X?V8O152>^K7\%S\;T(#B==]8M6%WDJPW/G."$U&2)UO\
M9<)U6'5$A*IA8/4@1?\``U)F)?`V)$R_-><5-2BAD3<Z<S72*;LNRQ=,HZ7C
MW-5&)75+J4ML[,KH*J#4`D7)EG`/\!CG/P;0?+Z8-CI3W+_XVX=7#O&4OB:D
M2Z)E#DK5$-V>EW4*221IF!(`(.^FT3E/HE&H2IJ:D)&5DU.W6\XV@)*NNIA-
M&?:C*MKRQJX=;4D^"@>$>1Y!,CJ9Q%OH5'.4G,3M$JC$TUS9:;EU)<1<%)!W
M'L/W&&IQTQ2YB:9E:91I:;>D)516MX,+"75["UQL!?7K>&_0J50,28=I+\W(
M2DZMAA",SS/:0H)`(U%]Q&JNWL5+J6]E,H=V;:9.8=J`K6'J?4%M%`FY=#I;
M6-LR;D?;"0X;T!B5XZUEEM"0Q3B\XVD#1.8@`>P*,.?$]?DL-4E4U,!:LJ2&
MF&4%2G"!HD`#_*%UP(8F*A4\3XCJ,NMB9G9@)2E:2,HU40+]-4CV1FJ;C"<E
MPRV:W**&9B"HT>0E$?#\S)L2SJLJ?&E)"5*WMKO&S29N2GJ>T_2WF7I-0LVM
MD@H(&FEM.EH27A+JFIF:HDE+,/.MH0X\KEH*@"2`-O48MW@_/O*P`B5F6G&G
M)68<19Q)2;$YAO\`I&(E2E4K-G2FW8XZ$_BJG"D\4<2L(T09:<>3Z`N76O\`
MF8HB9A))NX"?6(<O&VCN,XTFJDAEQ4O-42;YBTIN$J3+N)-SZBF.9FS()(2%
MK'><B?PAOBY3KCM>Z0MRL16OR]:V7MAULJT=3;TF)F46V;66GZ86S3LE<=LJ
M2/F)_")FG3$B"#F(/0<M/X1HEFMF:O#C!C0IRF[@<Q/TQ;J1D)392865'=E3
MEL02?F)_"+_0S+G+86'Z(C%;D=0SKJ20Q*419.H^F+)*D$#6*S1DMJ2FP]6@
MBU2;%DCLB%UEFS5&.B08`T@CTT,H%X(SMG9G4F\8E,9NL9H(-@1[U-#E_P`I
M:_HB)G<*-S((\9*;_,_SBS01U&R4>&0XI\BZG.&34S?^LEIO_P!D'^<1$QP8
M:>O_`%TXG]G'O0W((NCF71XD5RHKERA*.<"&5[UYW]V'O1X_H$8_Z^]^[#WH
M=T$=_J&1_L5>BHYZ1(?T!L],0._NH]Z(O%V"U8`PC/&5JK[ZIE]@E:$<HI`*
MMK'7>.@XA<2X=D\0RWBU10EV7N"4&^XV-P1WQ3?DW70<)2Y->'"K'NC9T\',
MC)YU9>EA7IY,LW+\T.*?U6K*#E%C;K;V1'F<FQ2_&/A2?4\5$94O]E&H\[6]
MSZ(?<QPXP7+J4E]N4;*;W"W5"UK7^/\`.3]([XQ>0&!>AD3H3_OU;`7/Q^@A
M9Z>9Z5?6,=>S_"$<Z[,H\4RUY]PO+0EP)>7=H%*22;Z:7(T[HSN<U,U)H;Q!
M,NLOMJ<*TO$$6O9-B=%&UK'J>HAXIX:X.4V'$L2Q05%.8.KM<7N//WT,8'.'
M^!F@Z7/$D!H)*R7U#*%6RW[?6X@]/,C]7H^'^$)-XS0<G$LUN:7R9=#R`9C4
MDE-T'M6N`HWMW1A3,3)HYFOAF;\8MFY?/-O/RY=[YK=KNM#P3@/`BG%MI,EG
M2\&"DO*'Y0@$)\_>Q$8GL%8!8FFF'3)I6XM3:27E6SIL"DG/HKM#2#T\B5]8
MQ]</\(2TR]--RTJXBL39+BDI7>9[P#<`&]AJ#?K`A^8^#I]\UF<+K#H;;0'E
M=L7\[>'I-<.\%2CP9FD2C+I07,CCRDG(-U6*]O3&J[@KA\T&RZ_34!Q.=&:9
M(S)[QV]H'CS^2%]7H^'^$*RBRCU2GF*>*O-.-5.GS+3F=W,6BII23=-^E[B^
M_P!TI_HMLD:8NF?W)/O0WJ9PWH--FTS4C+(:?2"$K!6;`BQW41L8NT::8RK6
MFQ/]0R(9-BE!>QS:CP7)<;XKF#^Q)]Z-ECP99=I5QBF9/[(GWHZ)@B[J8O<(
MOD2,AP#8E+?[0/KMWRP'_P!19J;PN:DK6JCB[=[('\X9$$1U,E12X(*FX>;D
M@!SBNW>FT2Z6`D`!49H(@Z/'+],$>X(`""""``@@@@`((((`""""``@@@@`I
M]5P-+U+$RJM,SCA0I;:C+9!ELD:IOW**6B?_`!@=3$8SPLIK,HZPB:=_*<L%
M10"<H42X-_\`B))2>X6[H((`)08/>9H$O3)*J<I+&J'')<+NHYPM1&87)2NV
M^A`.NT8W\&3*F)IIBKEA#S;2"$LJL<B4I)4,^I(3TRVZW@@@`^S."`^^RM4\
M"AMX.%"F390R-I4DV4-RVD@]-=#&PO"2GI8L3$\%H3SDM$,`%"5J2K4WU(R[
MZ7O!!`!YK.$YFJB:2]50$3+26W+2PS70M2VR#FT`S`$6[5MQ<Q'3'#IF8E.4
M]4"75)7G6&``5+0^DD"^@O,$@?-$$$`%[:1RVD(O?*`+QZ@@@`((((`""""`
+`@@@@`((((`/_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
