Gtech (NYSE:GTK)
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GTECH Integrates New Commercial Services Capability into the
Company's Enterprise Series(TM) System
WEST GREENWICH, R.I., July 19 /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that it has successfully integrated
BillBird's commercial services payment capability into the existing GTECH
Enterprise Series(TM) system. The new solution, Enterprise Series Commercial
Payments (ES-CP), offers GTECH's customers seamless lottery and commercial
services operations.
In September 2004, GTECH's majority-owned subsidiary PolCard S.A. acquired
Billbird S.A., the leading provider of electronic bill payment and prepaid
mobile recharge services in Poland. The acquisition provided GTECH with a
stand-alone commercial services platform that encompassed broad system and
back-office functionality, as well as comprehensive reporting and business
intelligence functions. The integration of BillBird's system into Enterprise
Series effectively enables lotteries -- and other future distribution partners
-- to leverage existing point-of-sale terminal configurations for new revenue
streams. Lotteries can connect to bill payment clients, prepaid service
providers, and a host of other payment services.
"The Enterprise Series Commercial Payments (ES-CP) solution further strengthens
GTECH's position in the commercial services industry," said GTECH President and
CEO W. Bruce Turner. "ES-CP is secure, reliable, and scalable, and allows for
the rapid expansion of new products or services providers as required by our
customers. The modular platform can stand alone or easily be integrated into
any of our customers' existing solutions. Most importantly, the platform
provides a cost effective way to increase same store sales without the cost of
additional retail technology and network infrastructure."
ES-CP supports the growth of a jurisdiction's transaction processing needs by
creating the optimal "plug in" architecture that easily integrates with banks,
utilities, and telecommunications companies. Operations are simplified for an
ES-CP lottery distribution partner because the solution fully integrates with a
lottery's back-office reconciliation, settlement support, and risk and cash
management requirements. This 'lottery overlay' technique takes full advantage
of existing operations and processes that are already successfully at work
within a jurisdiction.
Certain statements contained in this press release are forward looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Company identifies
forward looking statements by words such as "may," "will," "should," "could,"
"expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or
similar words that refer to the future. Such statements include, without
limitation, statements relating to the prospects and financial outlook for the
Company, which reflect management assumptions regarding: (i) the future
prospects for and stability of the lottery industry and other businesses in
which the Company is engaged or expects to be engaged, (ii) the future
operating and financial performance of the Company (including, without
limitation, expected future growth in revenues, profit margins and earnings per
share), and (iii) the ability of the Company to retain existing business and to
obtain and retain new business. Such forward looking statements reflect
management's assessment based on information currently available, but are not
guarantees and are subject to risks and uncertainties that could cause actual
results to differ materially from those contemplated in the forward looking
statements.
These risks and uncertainties include, but are not limited to, those set forth
above, in the Company's subsequent press releases and on reports by the Company
on Forms 10-K, 10-Q and 8-K, and other reports and filings with the Securities
and Exchange Commission, as well as risks and uncertainties respecting: (i) the
potential impact of extensive and evolving government regulations upon the
Company's business; (ii) the ability of the Company to continue to retain and
extend its existing contracts and win new contracts; (iii) the possibility of
slower than expected growth or declines in sales of lottery and gaming goods
and services by the Company or the Company's customers; (iv) exposure to
foreign currency fluctuations; (v) risks and uncertainties inherent in doing
business in foreign jurisdictions; (vi) the relatively large percentage of the
Company's revenues attributable to a relatively small number of the Company's
customers; (vii) the possibility of significant fluctuation of quarterly
operating results; (viii) the intensity of competition in the lottery and
gaming industries; (ix) the possibility of substantial penalties under and/or
termination of the Company's contracts; (x) the ability of the Company to
respond to technological change and to satisfy the future technological demands
of its customers; (xi) opposition to expansion of lottery and gaming; (xii) the
Company's ability to attract and retain key employees; and (xiii) the
possibility of adverse determinations in pending legal proceedings.
GTECH is a leading gaming technology and services company. With more than
$1.25 billion in annual revenues and 5,300 people in over 50 countries, GTECH
provides integrated technology, creative content, and business services to
effectively manage and grow today's evolving gaming markets. In targeted
emerging economies, GTECH also leverages its operational presence and
infrastructure to supply commercial transaction processing services. For more
information about the Company, please visit GTECH's website at
http://www.gtech.com/.
Contact:
Robert K. Vincent
Public Affairs
GTECH Corporation
401-392-7452
DATASOURCE: GTECH Holdings Corporation
CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation,
+1-401-392-7452
Web site: http://www.gtech.com/