GTK Gtech

GTECH Selected as Preferred Bidder to Provide New Interactive Software Solution, Central System, and Terminals for Finland's National Lottery WEST GREENWICH, R.I., Nov. 2 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) today announced that its wholly-owned subsidiary, GTECH Global Services Corporation, has been selected as the preferred bidder by Veikkaus Oy to begin negotiations for new interactive lottery software, a new integrated online and instant lottery system, and terminals in Finland. This decision is the result of a competitive procurement. "We are delighted and honored to have one of the world's most successful and technically-progressive lottery operators such as Veikkaus Oy select GTECH for a project of this magnitude and complexity," said GTECH President and CEO W. Bruce Turner. "This partnership with Veikkaus is a strong indication of the value and validation of GTECH's Enterprise Series (ES) solution package. ES will support Veikkaus' current distribution channels and games and provide them with an integrated and open platform for the future." The collaboration between Veikkaus and GTECH will demonstrably change the gaming and entertainment landscape, extending the reach of leading-edge technologies and game concepts, while creating new market penetrations in a diverse range of venues. "We are pleased that Veikkaus recognized the tremendous value afforded by GTECH and our software development partner, HiQ International. As we merge the experience of Veikkaus, GTECH, and HiQ in capturing new channel opportunities, GTECH's ES Interactive will generate collateral interests that will deliver benefits beyond expectations," continued Mr. Turner. HiQ International is a leading software developer, providing services in the defense, health care, and gaming and entertainment areas, with offices in Finland, Sweden, and Denmark. GTECH has provided lottery equipment and services to Veikkaus since 1990. Further details of the award will be disclosed upon the Company's signing of a definitive agreement with Veikkaus, which is expected to be finalized by mid- December 2004. 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 over 50 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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