Vendingdata (NASDAQ:VNDC)
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VendingData(TM) Corporation Hires H. Michael Jahnke as Chief Operating Officer
LAS VEGAS, Feb. 17 /PRNewswire-FirstCall/ -- VendingData(TM) Corporation
(BULLETIN BOARD: VNDC) , a manufacturer and distributor of products for the
gaming industry thatare intended to increase customers' security, productivity
and profitability, has announced that it has appointed H. Michael Jahnke as its
chief operating officer. Mr. Jahnke will be responsible for overseeing all
domestic, day-to-day operations whileSteven Blad, VendingData's president and
CEO, will focus on the manufacturing operation in China and on developing the
international markets as new products are released this Spring/Summer 2004.
Mr. Jahnke has spent the past 15 years in senior operating positions of
leading-edge technology companies. His most recent experience includes
positions as vice president of operations, corporate secretary and (acting) CFO
for WireCACHE, Inc.; and vice president of sales and marketing for Fios, Inc.;
Most notably, Mr. Jahnke served as vice president of worldwide sales operations
for Sequent Computer Systems, Inc., a global supplier of Intel- based servers
for high-volume, transaction-oriented data center applications with 38 worldwide
sales offices -- Sequent was acquired by IBM during which Mr. Jahnke was
responsible for the integration of the merger, which resulted in the subsequent
formation of IBM's Web Server division. While at Sequent, Mr. Jahnke led
worldwide sales operations and remarketed system sales for a direct end-user
sales channel, driving Sequent's revenue growth from $140 million to $850
million. He also managed the operations of six corporate departments, including
worldwide sales support, worldwide technical support, global remarketed systems
group, global major accounts and the deployment of CRM. Mr. Jahnke served on
the board of directors for Sequent Foundation and as president and director of
Team Gilboa, a Youth Olympic Ski Team.
Steven Blad, CEO and president of VendingData(TM) Corporation commented, "Mike
is a proven corporate leader that brings depth to our executive management team.
As I focus more of my time on the introduction of the PokerOne(TM)Shuffler,
RandomPlus(TM)Shuffler, Deck-Checker(TM) and SecureDrop(R) products into Macau
and other international markets, Mike will assume many of my domestic
responsibilities in order to keep our growth momentum accelerating in the U.S.
I believe Mike's operating and marketing expertise will solidify our executive
teamand further our efforts to build shareholder value."
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 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:
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 VendingData(TM)
Corporation or its products specifically, andfor 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 of VendingData(TM) Corporation,+1-702-733-7195
x121, ; or Yvonne L. Zappulla, Managing Director of Wall Street Investor
Relations Corp., +1-212-681-4108, for VendingData(TM) Corporation.
http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO
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DATASOURCE: VendingData(TM) Corporation
CONTACT: Jessica Neville, Vice President, Marketing and Public Relations
of VendingData(TM) Corporation, +1-702-733-7195 x121, ;
or Yvonne L. Zappulla, Managing Director of Wall Street Investor Relations
Corp., +1-212-681-4108, for VendingData(TM)
Corporation
Web site: http://www.vendingdata.com/