Cash Technologies Subsidiary Acquires Turbocharger Assets

LOS ANGELES, CA--(Marketwire - December 26, 2008) - Cash Technologies, Inc. (NYSE Alternext US: TQ) ("Cash Tech") announced today that its CPI Holdings, LLC subsidiary dba Champion Parts ("Champion") has acquired certain turbocharger technology assets of Turbomotive, Inc. and Robert McKeirnan, its founder ("Turbomotive") for $1.75 million. McKeirnan has years of experience with turbomachinery development, holds numerous patents in bearing and other mechanical technologies and is Director of Manufacturing at Capstone Turbine Corporation, a leading developer of microturbine generators.

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