GTK Gtech

WEST GREENWICH, R.I., Aug. 2 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) today announced that LOXLEY GTECH Technology Co. Ltd. (LGT), a joint venture in which GTECH is a 49 percent equity owner, has signed a five-year agreement to provide equipment and services for a national online lottery in Thailand. Loxley Public Company Limited, a leading trading and telecommunications conglomerate in Thailand, holds a 51 percent equity stake in LGT. GTECH is the major technology and service provider to LGT. "This is another significant achievement for GTECH," said GTECH President and CEO W. Bruce Turner. "We look forward to assisting in the implementation of Thailand's first-ever online lottery. Our partnership with LGT will provide leading-edge technology and best-practice project management principles to deliver a world-class lottery solution and services to the Government of Thailand." Under the terms of the agreement, GTECH will supply a turnkey system, consisting of GTECH's Enterprise Series(TM) solution and approximately 12,000 Altura(R) terminals, to LGT, who will, in turn, supply equipment and integrated services to the Government Lottery Office (GLO) of Thailand. Enterprise Series will provide the GLO with multiple layers of security, including system controls and procedures, and auditing and accountability for all transactions. The lottery may also expand to up to 15,000 Altura terminals over the term of the agreement. Additionally, GTECH will provide software management and licensing rights to LGT for the five-year term. The GLO expects commercial operation of the online system to commence at the end of February 2006. "This win opens up even more potential opportunities for GTECH in the Asia-Pacific region where our advanced technology offers break-through possibilities to many new and expanding gaming markets," continued Mr. Turner. With respect to its agreement with LGT, GTECH expects to generate approximately $35 million in product sale revenue. GTECH also expects to receive approximately $17 million in service revenue for ongoing central system software support and licensing over the five years. 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/

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