Global Payment Technologies Announces One Year Extension Of Supply Agreement With Aristocrat Technologies Australia PTY Limited
June 11, 2008 |
| Global Payment Technologies announced that Aristocrat Technologies Australia PTY Limited (Aristocrat) renewed its supply agreement with Global Payment Technologies Australia Pty Ltd. (GPTA) for a one year period ending May 31, 2009. The agreement calls for GPTA to be "Preferred Supplier" for the Australian, New Zealand and South African gaming markets for the Xcite range of Aristocrat Product. |
Global Payment Technologies Announces Management Changes
March 7, 2008 |
| Global Payment Technologies announced that Richard Gerzof stepped down as Chairman of the Board, but remains as a director of the Company. Andre Soussa was named Chairman of the Board and Chief Executive Officer. |
Global Payment Technologies Announces Appointment Of Chief Executive Officer-Form 8-K
February 7, 2008 |
| Global Payment Technologies announced in its Form 8-K that the Company has entered into an employment agreement with Andrew Soussa, pursuant to which he has been employed as the Company's Chief Executive Officer (CEO). William McMahon resigned as a director of the Company and as its CEO, but will remain at the Company as its President and Chief Financial Officer. |
Global Payment Technologies Announces Investment And Corporate Restructuring
January 17, 2008 |
| Global Payment Technologies announced that through affiliated entities controlled by him, Mr. Andre Soussa, Chief Executive of Global Payment Technologies Australia (GPTA) has provided the Company with a finance facility pursuant to a Secured Term Note and in addition will make an additional investment in the Company in approximately two weeks (subject to filing by the Company of its Annual Report on Form 10-K for the fiscal year ended September 30, 2007 and other customary closing conditions). At the close of the entire transaction, Mr. Soussa and his affiliates will be the largest shareholders of the Company and in addition, Mr. Soussa will become Chairman of the Board and Chief Executive Officer (CEO) of the Company as part of an overall restructuring of the Company. At that time he will officially assume the title of Chairman and CEO and in addition, four of the five members of the existing Board of Directors will be replaced. Mr. Richard Gerzof will remain as a Director but will relinquish his role as Chairman and Mr. William McMahon, previously interim President and CEO will remain with the Company as President and Chief Financial Officer. |
Global Payment Technologies Delists From NASDAQ
December 17, 2007 |
| Global Payment Technologies announced that it has been delisted from NASDAQ. Global Payment Technologies common shares will be listed on OTC Pink Sheets trading under the ticker "GPTX". |
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