o
|
Preliminary
Proxy Statement
|
o
|
Confidential,
for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
|
o
|
Definitive
Proxy Statement
|
x
|
Definitive
Additional Materials
|
o
|
Soliciting
Material Under Rule 14a-12
|
x
|
No
fee required.
|
o
|
Fee
computed on table below per Exchange Act Rules 14a-6(I)(1) and
0-11.
|
o
|
Fee
paid previously with preliminary
materials.
|
Generate
positive Net Income by the quarter ending December 31, 2010
|
Focus on
increasing revenues, while also reducing costs
|
Continue to
develop and innovate new products and services
|
Focus on
generating value for our customers
|
Add new highly
qualified directors to our Board
|
Leveraging
our Existing Customers/Partners
|
Focusing on
Diversifying our Customer Portfolio
|
Expanding
Distribution in Core Markets
|
Improving
Scalability
|
Providing
Innovative Products and Services
|
Leveraging
Intellectual Property
|
Improving
Profit Margins
|
Increasing
Revenues
|
Reducing Cost
of Sales
|
Reducing
Selling, General and Administrative (SG&A)
Expenses
|
Cash at the
end of the last quarter ended September 30, 2009 was
$16.7
million. |
Virtually
debt free.
|
Successful
launch of the innovative ePort G8™ and ePort EDGE™,
both
lower-cost, and more efficient cashless payment products. |
A diversified
and global base of approximately 700 customers has the
strength to increase market adoption. |
An increase
in new ePort customers since June 30, 2009 to approximately
700 indicating that adoption is accelerating as cashless, self-service technology becomes more mainstream. |
Increased the
installed base of devices connected to the USALive® Network
by 36% to 57,000 in Q1 fiscal 2010, compared to Q1 fiscal 2009. This followed a 37% year-over-year increase in installed base in FY 2009 compared with FY 2008. |
Increased the
number of transactions processed to 7.4 million in Q1 of FY
2010, a 57% year-over-year quarterly increase; on top of a 97% year- over-year increase in FY 2009 vs. FY 2008 when transactions processed reached 22.3 million. |
Increased the
dollar value of transactions processed for the first quarter of
FY 2010 by 26% to $14.6 million over Q1 of FY 2009. |
Improved
gross margin percentage on equipment sales in the first quarter of
2010 to 32% from 30% a year ago. |
Further
reduced our SG&A expenses in Q1 FY 2010 by 20% from a year
ago.
|
Increased our
revenues in Q1 of FY 2010 to $3.8 million, the highest level in
five quarters. |
Reduced
operating expenses in FY 2009 by approximately 28%, or
$16.8 million, compared with $20.6 million in FY 2008. The Company further reduced operating expenses by 19% to $4 million for Q1 of FY 2010, compared to $4.9 million in Q1 of FY 2009. |