EXHIBIT 99.1
TIDEL RECEIVES VISA CERTIFICATION FOR ENCRYPTING PIN PAD
HOUSTON, Aug. 11 -- Tidel Technologies, Inc. (OTC Pink Sheets: ATMS - News)
announced today that it received a letter of approval from Visa International
certifying that the Encrypting PIN Pad ("EPP") model used in the Company's 3000
Series ATM products complies with Visa's new PIN Entry Device Security
requirements. The EPP model was evaluated and tested by InfoGard Laboratories,
Inc. of San Luis Obispo, California to confirm that it meets the new
requirements.
Mark Levenick, President and CEO of Tidel Engineering, L.P., the Company's
operating unit, stated, "Tidel remains committed to maintaining the highest
level of security in our equipment. Further, we will continue to focus on
providing our customers with products that meet or exceed current and future
industry guidelines."
ABOUT TIDEL
Tidel Technologies, Inc. is a manufacturer of automated teller machines and cash
security equipment designed for specialty retail marketers. More information
about the company and its products may be found on the Internet at
http://www.tidel.com.
PRECAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF
1934. THE STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES, INCLUDING
BUT NOT LIMITED TO THE COMPANY'S FINANCIAL POSITION AND WORKING CAPITAL
AVAILABILITY; THE LEVELS OF ORDERS WHICH ARE RECEIVED AND CAN BE SHIPPED IN A
QUARTER; CUSTOMER ORDER PATTERNS AND SEASONALITY; COSTS OF LABOR, RAW MATERIALS,
SUPPLIES AND EQUIPMENT; TECHNOLOGICAL CHANGES; COMPETITION AND COMPETITIVE
PRESSURES ON PRICING; CHANGES IN THE COMPANY'S RELATIONSHIPS WITH CUSTOMERS OR
SUPPLIERS; ACCEPTANCE OF THE COMPANY'S PRODUCT AND TECHNOLOGY INTRODUCTIONS IN
THE MARKETPLACE; UNANTICIPATED LITIGATION, CLAIMS OR ASSESSMENTS; THE COMPANY'S
ABILITY TO REDUCE COSTS AND EXPENSES AND IMPROVE INTERNAL OPERATING
EFFICIENCIES; THE ECONOMIC CONDITION OF THE ATM INDUSTRY AND THE POSSIBILITY
THAT IT IS A MATURE INDUSTRY; THE FUTURE TRADING MARKET FOR THE COMPANY'S
SECURITIES; AND ECONOMIC CONDITIONS IN THE UNITED STATES AND WORLDWIDE. TIDEL
UNDERTAKES NO DUTY TO UPDATE ANY OF THE STATEMENTS SET FORTH IN THIS RELEASE.
