VendingData(TM) Corporation Restates Previous Filings Made With The United States Securities and Exchange Commission LAS VEGAS, Dec. 10 /PRNewswire-FirstCall/ -- VendingData(TM) Corporation (BULLETIN BOARD: VNDC) , a manufacturer and distributor of products for the gaming industry that are intended to increase customers' security, productivity and profitability, today announced that it has filed with the United States Securities and Exchange Commission amended Quarterly Reports on Form 10-QSB for the periods ended June 30, 2003 and September 30, 2003 for the purposes of restating its financial statements and making corresponding changes to Management's Discussion and Analysis of Financial Position and Results of Operations. (Logo: http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO ) The changes contained in the Company's amended Quarterly Reports on Form 10-QSB for the periods ended June 30, 2003 and September 30, 2003 reflect the adoption, as of January 1, 2003, of the requirements of Emerging Issues Task Force Issue No. 00-21, Revenue Arrangements with Multiple Deliverables. The restatement of the Company's financial statements was made after reconsideration of the Company's prior revenue (and warranty cost) recognition practices regarding certain sales contracts entered into beginning in the second quarter of 2003. The result of this decision was to defer recognition of an allocated portion of revenues from the affected sales contracts, representing the estimated fair value of extended warranty and maintenance services included therein. Such deferred revenues are now being amortized over the applicable service periods in the contracts. The effects of the restatements are summarized in Note 1 to the restated financial statements contained in the Quarterly Reports on Form 10-QSB for the periods ended June 30, 2003 and September 30, 2003. The effect of the restatement on the three-month and six-month periods ended June 30, 2003, was to increase the net losses by $295,560 and $295,560 respectively. A summary of the effects of these changes follows: Three Months Ended Six Months Ended June 30, 2003 June 30, 2003 Net loss as originally reported $(1,338,201) $(2,784,419) Effect of restatement for revenue recognition (295,560) (295,560) Net loss as restated (1,633,761) (3,079,979) Per share amounts: Net loss as originally reported (0.18) (0.36) Effect of restatement for revenue recognition (0.03) (0.04) Net loss as restated (0.21) (0.40) The effect of this change on the three-month and nine-month periods ended September 30, 2003, was to increase the net losses by $145,411 and $440,971 respectively. In addition, the Company has restated its financial statements for the three-month and six-month periods ended June 30, 2003 and amended its Quarterly Report on Form 10-QSB accordingly for the second quarter of 2003, increasing the previously reported deficit as of June 30, 2003, and previously reported net losses for each of those periods, by $295,560. A summary of the effects of these changes follows: Three Months Ended Nine Months Ended September 30, 2003 September 30, 2003 Net loss as originally reported $(1,156,549) $(3,940,968) Effect of restatement for revenue recognition (145,411) (440,971) Net loss as restated (1,301,960) (4,381,939) Per share amounts: Net loss as originally reported (0.15) (0.51) Effect of restatement for revenue recognition (0.02) (0.06) Net loss as restated (0.17) (0.57) About VendingData(TM) Corporation VendingData(TM) Corporation is a Las Vegas-based developer, manufacturer and distributor of products for the gaming industry including the SecureDrop(R) System, Deck-Checker(TM) and Random Ejection Shuffler(TM) line. The Company's products are currently installed in casinos throughout the United States, including Caesars Palace, Circus Circus, Harrah's Entertainment, Luxor, Oneida Bingo & Casino and the Venetian. International customers include casinos in Argentina, China, Columbia, Korea, Malaysia, Peru, United Kingdom, and Uruguay. Visit the VendingData Web site at http://www.vendingdata.com/ . For further information, please contact: Jessica Neville, Vice President of Marketing and Public Relations of VendingData(TM) Corporation, +1-702-733-7195, ext. 121, ; or Yvonne L. Zappulla, Managing Director of Wall Street Investor Relations Corp., +1-212-714-2385, , for VendingData(TM) Corporation. http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO http://photoarchive.ap.org/ DATASOURCE: VendingData Corporation CONTACT: Jessica Neville, Vice President of Marketing and Public Relations of VendingData(TM) Corporation, +1-702-733-7195, ext. 121, ; or Yvonne L. Zappulla, Managing Director of Wall Street Investor Relations Corp., +1-212-714-2385, , for VendingData(TM) Corporation Web site: http://www.vendingdata.com/

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