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Press release from Marketwire

DirectCash Payments Inc. Announces Completion of Bought Deal Equity Financing

Thursday, August 09, 2012

DirectCash Payments Inc. Announces Completion of Bought Deal Equity Financing09:05 EDT Thursday, August 09, 2012CALGARY, ALBERTA--(Marketwire - Aug. 9, 2012) - NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES DirectCash Payments Inc. (TSX:DCI) ("DirectCash" or the "Corporation") is pleased to announce that it has closed its previously announced public offering of 2,800,000 common shares ("Common Shares") at a price of $23.35 per Common Share for aggregate gross proceeds of $65,380,000 (the "Offering").The Offering was underwritten by a syndicate of underwriters led by BMO Capital Markets and including Acumen Capital Finance Partners Limited and Scotia Capital Inc.The net proceeds of the Offering will be used to repay the Corporation's equity bridge credit facility and a portion of the Corporation's outstanding revolving credit facility.This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About DirectCashDirectCash is a leading provider of ATMs, debit terminals and prepaid products in Canada and Australia. DirectCash also offers ATM services and prepaid cards in the United Kingdom and ATM services in Mexico, New Zealand and the United States. DirectCash is a full-service operator and transaction processor in each of these business units and has been in the ATM business since 1997 and the debit terminal and prepaid products businesses since 2002.Additional information about DirectCash, including DirectCash's Annual Information Form and other public filings is available on SEDAR (www.sedar.com) and on the DirectCash's website (www.directcash.net).Forward-looking StatementsThis press release contains forward looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Offering. Although DirectCash believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because DirectCash can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward looking statements contained in this press release are made as of the date hereof and DirectCash undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. FOR FURTHER INFORMATION PLEASE CONTACT: Jeffrey J. SmithDirectCash Payments Inc.President, CEO & Director(403) 387-2101jeff@directcash.net