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INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of USA Technologies, Inc. Investors


Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased or otherwise acquired
securities of USA Technologies, Inc. ("USAT" or the "Company") (NASDAQ: USAT)
securities between November 9, 2017 through September 11, 2018, inclusive
(the "Class Period"). USAT investors have until November 13,
to file a lead plaintiff motion.

Investors suffering losses on their USAT investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to

On September 11, 2018, USAT announced that it will not file its Annual
Report for the fiscal year ended June 30, 2018 by the September 13, 2018
deadline. The Company further stated that its Audit Committee is
conducting an internal investigation related to certain of the Company's
contractual arrangements, including the accounting treatment, financial
reporting, and internal controls related to the arrangements. On this
news, the Company's share price fell $6.10 per share, or nearly 40%, to
close on September 11, 2018 at $9.20 per share.

According to the lawsuit, defendants made false and/or misleading
statements and/or failed to disclose that: (1) USA Technologies'
treatment of contractual arrangements in its financial statements would
result in an internal investigation and delay the filing of its annual
report for fiscal year 2018; (2) consequently, USA Technologies'
internal controls over financial reporting were weak and deficient; (3)
as a result, defendants' statements about USA Technologies' business,
operations and prospects were materially false and misleading and/or
lacked a reasonable basis at all relevant times.

If you purchased shares of USAT, have information or would like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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