GTECH Signs Agreement with Customer in Spain for 2,500 Altura(R) Terminals
January 09 2004 - 7:05AM
PR Newswire (US)
GTECH Signs Agreement with Customer in Spain for 2,500 Altura(R)
Terminals WEST GREENWICH, R.I., Jan. 9 /PRNewswire-FirstCall/ --
GTECH Holdings Corporation today announced that its wholly-owned
subsidiary, GTECH Corporation, has signed a product sale agreement
to provide new online lottery terminals to Sistemas Tecnicos de
Loterias del Estado (STL), the operator of the online system for
the National Lottery in Spain. "We are certainly gratified by STL's
continued confidence in us and believe it is a direct reflection of
the quality of GTECH's products and services, which is the hallmark
of our business," said GTECH President and CEO W. Bruce Turner.
Under the terms of the agreement, STL will replace 2,500 existing
Spectra(R) online lottery terminals with 2,500 Altura(R) terminals.
In addition, GTECH will continue to provide STL with terminal
maintenance and repair services. GTECH has supplied STL with online
lottery products and services since 1990. With respect to its
product sale agreement with STL, GTECH expects to generate
approximately $9 million. 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. 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, and (ii) the future operating and
financial performance of the Company (including, without
limitation, expected future growth in revenues, profit margins and
earnings per share). 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) exposure to foreign currency fluctuations; (iii)
risks and uncertainties inherent in doing business in foreign
jurisdictions; (iv) the possibility of substantial penalties under
and/or termination of the Company's contracts; and (v) opposition
to expansion of lottery and gaming. GTECH, a leading global
information technology company with $1 billion in revenues and
4,900 people in 44 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 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 CONTACT: Robert K. Vincent, Public Affairs of GTECH
Corporation, +1-401- 392-7452 Web site: http://www.gtech.com/
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