MINNEAPOLIS, April 22 /PRNewswire-FirstCall/ -- Cash Systems, Inc. (BULLETIN BOARD: CSHS) today announced earnings for the first quarter ending March 31, 2003, the strongest quarterly results in company history. Cash Systems generated a net profit of $482,326 for the quarter ended March 31, 2003, or $.04 per share. Furthermore, revenue for the 1st quarter was $7,001,425, compared to $2,729,578 for the same period in 2002, representing a 156% increase. EBITDA for the quarter ended March 31, 2003 increased to $791,808 from $88,340 for the same quarter in 2002, representing a 796% increase. Also, cash increased $657,531 for the 1st quarter of 2003. The company has now enjoyed fourteen straight quarters of double-digit revenue growth.

Craig Potts, Cash Systems' Chief Executive Officer said, "Cash Systems saw very positive revenue growth in 2002 and we expect this trend to continue. The company's record revenue and profit numbers in the first quarter of 2003 are very exciting and reinforce the strength of Cash Systems' innovative products."


About Cash Systems, Inc.


Minneapolis-based Cash Systems, Inc. has grown from a regional ATM provider to one of four cash access companies serving the gaming industry. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Cash Systems gaming clients are comprised of both Native American and commercial entities. Please visit http://www.cashsystemsinc.com/ for more information.


This press release may contain forward-looking statements, including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the company's plan of operation, changes in the company's anticipated earnings and other factors detailed in the company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.


Source: Cash Systems, Inc.