USA Technologies, Inc. of Malvern said after its June 18 annual shareholders meeting that it is taking steps to make 500,000 connections to its ePort Connect® service, and see $100 million annually in revenues and double-digit operating margins within the next three to four years.

The firm, a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries also re-elected all members of its board of directors; approved a 2014 stock option incentive plan; approved an executive officer compensation plan; and appointed McGladrey LLP as its accounting firm.

Stephen P. Herbert, chairman and CEO, also said the company had reached the milestone of 250,000 connections to ePort Connect.  He anticipates the company will this year see annual revenue of about $50 million (half way to the $100 million goal) and sustainable cash flow.

Herbert said USA Technologies’ strategy for growth has been straightforward and consistent—to continue to increase the number of new connections to its ePort Connect service and, to continue to create more value for every connection to its service, for both customers and shareholders.

USA Technologies, formed in 1992, has been granted 87 patents and works with Verizon, Visa, Elavon, Compass Crane, Aramark, AMI Entertainment and many laundromats. The full report is at:  Events and Presentations.