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GTK Gtech

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Spielo to Showcase New Games and Products at the 2004 Global Gaming Expo

27/09/2004 3:00pm

PR Newswire (US)


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Spielo to Showcase New Games and Products at the 2004 Global Gaming Expo WEST GREENWICH, R.I. and MONCTON, CANADA, Sept. 27 /PRNewswire-FirstCall/ -- For the first time, Spielo, a GTECH Company (NYSE:GTK), will exhibit new games and products at the 2004 Global Gaming Expo (G2E) in Las Vegas, Nevada, October 5-7, 2004. Spielo will display its latest multi-denomination and low-denomination games for the Aura(R) upright and the newly introduced Aura slant top video slot machines. With more than a decade of experience building high-quality video gaming machines, Spielo has packed a wealth of expertise into the Aura product line. Spielo has conducted extensive player and casino management research to offer the latest in high-performance games and well-engineered slot machines. "We anticipate our Gaming Solutions unit will play a key role in GTECH's growth in the coming years," said GTECH President and CEO W. Bruce Turner. "Today, our primary focus within Gaming Solutions is on expansion within the government-sponsored video lottery terminal space. We intend to pursue new opportunities domestically, as several U.S. states continue to move closer to approving some type of video lottery terminal legislation. We are also actively pursuing a number of video lottery opportunities abroad, such as Europe and Latin America." "Spielo is a vital element of GTECH's Gaming Solutions business unit. GTECH's corporate experience and strengths combined with Spielo's gaming technology provide a powerful partnership to the worldwide gaming market," said GTECH Senior Vice President of Gaming Solutions Marc A. Crisafulli. As commercial gaming continues to grow in the United States, Spielo is well positioned to offer new and exciting Class III games. Spielo will showcase a variety of its top-of-the-line games including more than 20 Class III titles, many of which are a low denomination offering. Spielo will demonstrate five central-determination win (CDW) games that have been successfully sold to California tribal casinos as instant lottery products. The Company will also display a variety of newly introduced casino titles as well as never before seen games. Spielo will be highly visible at the 2004 Global Gaming Expo as the exclusive sponsor of the newly launched G2E Experience. The G2E Experience is a venue within the conference that allows participants to view the New Product Showcase, the Product Demo Theatre, the Cyber Café, and the Networking Lounge. Come see the future of video gaming and slots at Spielo's booth # 5153. 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/

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