GTECH to Showcase Video Lottery Solutions at NASPL Trade Show
September 22 2004 - 4:45PM
PR Newswire (US)
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/
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