Vendingdata (NASDAQ:VNDC)
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VendingData(TM) Corporation Announces Preliminary Year End Revenues
LAS VEGAS, Feb. 19 /PRNewswire-FirstCall/ -- VendingData(TM) Corporation
(BULLETIN BOARD: VNDC) , a manufacturer and distributor of products for the
gaming industry that are intended to increase customers' security, productivity
and profitability, today announced its preliminary revenues of its operations
for the year ended December 31, 2003.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO )
Management expects that its full year of revenues for the year ended December
31, 2003 will be approximately $6.9 million, with approximately $600,000 being
recognized in the fourth quarter. This compares to revenues of $3.5 million for
the year ended December 31, 2002, an increase of approximately 97%. The fourth
quarter revenue was influenced by the following factors: (1) the Company's focus
on the successful completion of the public offering in December 2003 absorbed
valuable resources, (2) the delay in the public offering by approximately four
months caused production delays, (3) the delay in receiving final regulatory
approval by the State of Washington for the Deck Checker(TM) until January 2004
caused deliveries to be delayed, and (4) seasonality of the fourthquarter,
which is typically weak due to scheduling and training issues during the holiday
season. The Company will release its results of operations for the year ended
December 31, 2003 on or about March 15, 2004. The Company will issue an
earnings press release at that time and expects to schedule a conference call
with public access during the week of March 15, 2004.
Additional information is available in the "Investors Relations" section of the
Company's website at http://www.vendingdata.com/ .
About VendingData(TM) Corporation
VendingData(TM) Corporation is a Las Vegas-based developer, manufacturer and
distributor of products for the gaming industry including the SecureDrop(R)
System, Deck-Checker(TM) and Random Ejection Shuffler(TM) line.The Company's
products are currently installed in casinos throughout the United States,
including Caesars Palace, Circus Circus, Harrah's Entertainment, Luxor, Oneida
Bingo & Casino and the Venetian. International customers include casinos in
Argentina, China, Columbia, Korea, Malaysia, Peru, United Kingdom, and Uruguay.
Visit the VendingData Web site at http://www.vendingdata.com/ .
This press release may be deemed to contain certain forward-looking statements
with respect to the business, financial condition, and results of operations of
the Company and its subsidiaries which involve risks and uncertainties
including, but not limited to, year-end operating revenues and the reasons
associated with the revenues, financial market risks, economic conditions,
regulatory matters and litigation and other risks described in the filings of
the Company with the Securities and Exchange Commission. These forward-looking
statements generally can be identified by phrases such as the Company
"believes," "expects," "anticipates," "foresees," "forecasts," "estimates," or
other words or phrases of similar import. Such forward-looking information
involves important risks and uncertainties that could significantly affect
results in the future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of the Company.
For more information, review the Company's filings with the Securities and
Exchange Commission.
For further information, please contact Jessica Neville, Vice President,
Marketing and Public Relations of VendingData(TM) Corporation, +1-702-733- 7195,
ext. 121, ; or Yvonne L. Zappulla, Managing Director of Wall Street Investor
Relations Corp., +1-212-714-2385, , for VendingData Corporation.
http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO
http://photoarchive.ap.org/
DATASOURCE: VendingData Corporation
CONTACT: Jessica Neville, Vice President, Marketing and Public Relations
of VendingData(TM) Corporation, +1-702-733-7195, ext. 121,
; or Yvonne L. Zappulla, Managing Director of Wall
Street Investor Relations Corp., +1-212-714-2385, ,
for VendingData Corporation
Web site: http://www.vendingdata.com/