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MEI Announces the MEI GEO Bill Acceptor at KioskCom 2007

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West Chester, Pa., April 25, 2007 – The latest studies forecast that the number of retail kiosks will double by 2009. As the range of kiosk applications expands, so do OEMs’ needs for choices in payment components. In response, MEI today introduced the GEO stackerless bill acceptor, a value-priced bill reader and validator that expands the company’s premier product line to a segment of the market that does not require a cash box.

The MEI GEO bill acceptor features high acceptance rates, low jam rates, and a multi-width bezel design that accepts all international currency. The product’s small footprint (96 x 91 x 80 millimeters) makes it easy to integrate into new and existing kiosk designs. Developed in collaboration with ValTech International (VTI), the MEI GEO uses a proven VTI hardware design enhanced with MEI’s world-renowned bill recognition and authentication software.

“We are able to offer this product at a very affordable price point,” said Bob Mackenzie, an engineering director at MEI who helped develop the MEI GEO. “This product makes an ideal foundation for many self-service platforms that need a reliable cash acceptor component, without the bells and whistles.”

The MEI GEO will debut at KioskCom 2007 (Las Vegas, Mandalay Bay Resort and Casino, Booth #419,) April 25 through 26.

For more information about MEI, or to schedule a time for a demo or interview at KioskCom 2007, please contact Chris Henneghan at 610-260-2100 x230 or chenneghan@schubert.com.

About MEI

MEI systems are relied upon for more than 1 billion transactions per week in 90 countries. The company developed the first electronic coin mechanism in the 1960s, followed by the first electronic non-contact note acceptor, and more recently its vending management system. Today MEI has the largest worldwide installed base of unattended payment mechanisms. In 2004, MEI reached a milestone of selling more than 3.5 million note acceptors, 4.5 million coin mechanisms, and 1 million control boards worldwide. Its products are in widespread use in the vending, soft drink, gaming, amusement, transportation, retail, and kiosk markets. For more information on MEI and its products, visit www.meigroup.com/kiosks or call 1-800-345-8215.

About ValTech
ValTech International, LLC (VTI) designs and manufactures currency validation products and is based in Las Vegas, Nevada. The VTI group of companies includes international sales, warehousing and service offices in Europe, Asia and in North America.