Gtech (NYSE:GTK)
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GTECH to Showcase Video Lottery Solutions at NASPL Trade Show
WEST GREENWICH, R.I., Sept. 22 /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that it will feature solutions from
recently-acquired video lottery provider Spielo at the North American
Association of State and Provincial Lotteries (NASPL) Fall Conference and Trade
Show in Quebec City, Quebec, on October 5 - 9, 2004. GTECH has successfully
completed the integration of Spielo into the Company's expanding global gaming
strategy, and this will be the first opportunity for existing and potential
lottery customers to see how GTECH and Spielo will operate as an integrated
company.
"We are looking forward to the opportunity of demonstrating the value this
acquisition can bring to our lottery customers and prospective customers," said
GTECH Senior Vice President of Gaming Solutions Marc A. Crisafulli. "It will
be important for us to show how adding Spielo to GTECH expands our global
presence and distribution platform, enabling us to offer even more content and
hardware opportunities for our customers around the globe."
Spielo's popular gaming machines, Aura(TM) and PowerStation 5(TM), will be
showcased in Quebec, as well as its well-regarded library of exciting games
with an extensive number of unique titles on display.
GTECH sees video lottery as playing a significant role in the near future of
government-sanctioned lotteries.
"We believe that the video lottery business is positioned for high growth. That
growth will be driven by a number of factors, including the likelihood of U.S.
jurisdictions authorizing expanded gaming, the demand for video lottery in
overseas markets, and the increasing role of content replacement," continued
Mr. Crisafulli. "With Spielo, GTECH is well-positioned to capture new business
and grow market share by leveraging our leadership position in the lottery
industry, government relations experience, global presence, and technological
skills."
Video lottery has been a key component to GTECH's growth strategy in recent
years. Since 2001, GTECH has been awarded contracts to provide video lottery
central systems and/or products and services to customers in Rhode Island,
Oregon, Sweden, the Canadian provinces of Alberta and Saskatchewan, Trinidad &
Tobago, and, most recently, Jamaica. Spielo is also in the process of
supplying the Oregon Lottery with 2,000 VLTs. In addition, under GTECH's video
lottery contract in Jamaica, Spielo will provide approximately 125 VLTs to be
installed in Kingston initially, with the option by the customer to expand the
number of VLTs over time.
Visit the GTECH booth #49 at NASPL 2004 to see first-hand how Spielo- branded
video equipment and games are providing more choices to GTECH's worldwide
lottery customers.
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/