Cash Technologies, Inc.

Los Angeles, CA United States

  (Pink Sheets: CTQN)

Company Description

Cash Technologies got its sweet ride back. The company in 2006 sold its Tomco Auto Parts (now named TAP Holdings) subsidiary to Champion Parts and focused on payment services and stored value payment cards. Two years later, Cash Technologies bought Champion's assets when that company filed for bankruptcy protection. The company is now rebuilding the auto parts business (primarily remanufactured fuel systems) and has gained back some of the country's largest auto parts retail customers. Its Claim-Remedi subsidiary still provides health care reimbursement services. As a result of the restructuring, though, Cash Technologies terminated the operations of its CashTechCard (corporate reimbursement cards) subsidiary.