VendingData(TM) Corporation Completes Common Stock Offering of 5,500,000 Shares

VendingData(TM) Corporation Completes Common Stock Offering of 5,500,000 Shares



LAS VEGAS, Dec. 18  /PRNewswire-FirstCall/ -- VendingData(TM) Corporation 
(BULLETIN BOARD: VNDC) , today announced the completion of its public offering
of 5,500,000 shares of common stock at $5.00 per share which, due to investor
interest, was increased by 500,000 from its original offering amount. The
Company settled on 4,021,750 shares on December 12, 2003 and settled on the
remaining 1,478,250 shares on December 18, 2003.  All shares were offered by the
Company, which generated total net proceeds of approximately $25 million after
commissions and expenses.  The proceeds will be used to retire a substantial
portion of the Company's long and short-term debt, increase product inventory,
and for general corporate purposes.  Philadelphia Brokerage Corporation served
as the placement agent for the offering.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO )

Concurrently with the completion of this offering, the Company will be
converting approximately $5.73 million in debt and accrued interest into
3,215,871 shares of common stock.  Irrevocable elections to convert debt and
accrued interest require conversions within 10 days of the sale of the minimum
offering amount.

As of December 17, 2003, as a result of the shares issued in this offering and
the shares to be issued upon the conversion of debt and accrued interest, the
Company will have approximately 16.4 million shares outstanding, of which
approximately 52% are held by insiders who have agreed to not sell or otherwise
dispose of their shares over the next four years due to certain state securities
regulatory requirements.  The obligation of the insiders not to sell shares
under the foregoing agreements will cease to apply if the Company's shares
become listed on a national securities exchange or on the Nasdaq National Market
System.  However, even if such a listing is achieved, VendingData(TM)
Corporation directors and executive officers are still prohibited from selling
or otherwise disposing of shares of the Company's common stock for 180 days
after December 11, 2003 without the prior consent of Philadelphia Brokerage
Company.

  A copy of the final prospectus may be obtained by contacting:

                      Robert Fisk
                      Philadelphia Brokerage Corporation
                      992 Old Eagle School Road, Suite 915
                      Wayne, PA  19087
                      [phone]

  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, DeckChecker(TM) and Random Ejection Shuffler(TM) line. The Company's
products are currently installed in casinos throughout the world, including
Caesars Palace, Circus Circus, Harrah's Entertainment, Luxor, Oneida Bingo &
Casino, Sunset Station and the Venetian in the United States, and in casinos in
Argentina, China, Columbia, Korea, Malaysia, Peru, United Kingdom, and Uruguay. 
Visit the VendingData(TM) web site at http://www.vendingdata.com/ .

This release contains forward-looking statements.  Such statements reflect and
are subject to risks and uncertainties that could cause actual results to differ
materially from expectations.  Factors that could cause actual results to differ
materially from expectations include, but are not limited to, the following:
listing of the Company's securities on a national stock exchange or the Nasdaq
National Market System, changes in the level of consumer or commercial
acceptance of the Company's existing products and new products as introduced;
competitive advances; acceleration and/or deceleration of various product
development and roll out schedules; higher than expected manufacturing, service,
selling, administrative, product development and/or roll out costs; current
and/or unanticipated future litigation; regulatory and jurisdictional issues
involving the Company or its products specifically, and for the gaming industry
in general; general and casino industry economic conditions; the financial
health of the Company's casino and distributor customers both nationally and
internationally; compliance with foreign laws and regulations; and the risks and
factors described from time to time in the Company's reports filed with the
Securities and Exchange Commission.

For further information please contact: Jessica Neville, Vice President,
Marketing and Public Relations, VendingData Corporation, [phone] ext.
121, ; or Yvonne L. Zappulla, Managing Director of Wall Street Investor
Relations Corp., [phone], , for VendingData Corporation 

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DATASOURCE: VendingData Corporation



CONTACT:  Jessica Neville, Vice President, Marketing and Public

Relations, VendingData Corporation, [phone] ext. 121,

; or Yvonne L. Zappulla, Managing Director of Wall

Street Investor Relations Corp., [phone], , for

VendingData Corporation



Web site:  http://www.vendingdata.com/ 

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