ST. LOUIS - December 1, 2004 – Coin Acceptors, Inc. (Coinco) announces the appointment of Parker B. Condie, Jr. to the position of President of the company effective December 1st, 2004. The announcement coincides with Coinco’s 45th anniversary commemoration. He succeeds Jack E. Thomas who held the position for 22 years. Thomas will continue as Chairman and CEO, working on strategy and long-range planning. “Over the past several years, one individual has shown the drive,

Condie will focus on daily operations and direct corporate strategies to further expand Coinco’s global presence in the design and manufacturing of automated payment system products. A five-year veteran of Coinco, Condie previously served as Executive Vice President where he was responsible for the overall direction of the engineering, manufacturing, marketing and quality departments, as well as the specialty markets division. Prior to that, he was Vice President of Strategic Marketing.

Condie also spent nine years with Mallinckrodt where he held a variety of business development, marketing and strategic planning positions.

He has an MBA from the Wharton School/University of Pennsylvania and is a graduate of Brown University in Providence, Rhode Island.

Founded in 1958, Coinco is a privately owned company and a global leader in the design and manufacture of payment systems and controls systems. These products are used for automated transaction applications in the vending, amusement, retail, as well as specialty markets.