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GTECH to Provide 5,000 Additional Handheld Lottery Terminals to
Organizacion Nacional de Ciegos Espanoles (ONCE) in Spain
WEST GREENWICH, R.I., July 30 /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that Organizacion Nacional de Ciegos
Espanoles (ONCE) has exercised an option in its existing agreement with GTECH
for the provision of an additional 5,000 handheld lottery terminals. ONCE,
also known as the Spanish National Organization for the Blind, is authorized by
the Spanish government to administer lottery and wagering games in Spain.
"This is the third such order from ONCE in less than two years, and we
appreciate the opportunity to continue providing them with our highly-secure
handheld lottery terminals," said GTECH President and CEO W. Bruce Turner.
"ONCE's visually-impaired lottery retailers are very happy with the terminal's
ease-of-use and, as such, ONCE is realizing a significant increase in both
retailer interest and lottery sales."
With this additional sale of handheld terminals, ONCE expects their handheld
terminal count will increase to 19,000 by the end of 2005, making them the
largest lottery network in Spain.
GTECH, together with Ingenico, a world leader in secure transaction payment and
transaction systems, are delivering the handheld lottery terminals for the
thousands of visually-impaired retailers in Spain.
With respect to this terminal sale with ONCE, GTECH expects to generate
approximately $8 million in revenue.
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, a leading global information technology company with over $1 billion in
revenues and more than 5,500 people in 45 countries, provides software,
networks, and professional services that power high-performance, transaction
processing solutions. The Company's core market is the lottery industry, with
a growing presence in commercial gaming technology and financial services
transaction processing. 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/