GTK Gtech

WEST GREENWICH, R.I., Oct. 27 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) announced today that Atul Bali has been named Vice President of Corporate Development and Strategic Planning, reporting directly to Jaymin B. Patel, GTECH Senior Vice President and Chief Financial Officer. Mr. Bali will also serve as a Corporate Officer of the Company. (Photo: http://www.newscom.com/cgi-bin/prnh/20051027/NETH055 ) "Atul has been a tremendous contributor since he joined GTECH in 1997, and I look forward to working with him in creating long-term value for GTECH and a focused, coherent strategy for the Company's growth initiatives," said GTECH President and Chief Executive Officer W. Bruce Turner. "Atul's appointment as Vice President of Corporate Development and Strategic Planning enables GTECH to benefit more broadly from his business expertise and strong leadership qualities, and I am confident that with his contribution, we will experience further accelerated growth in our expanded core business as well as in new markets," said Mr. Patel. As Vice President of Corporate Development and Strategic Planning, Mr. Bali will be responsible for analyzing key areas of value growth, identifying new verticals and markets, and building market-entry plans for these markets. Mr. Bali is also charged with developing business plans for the Company's larger investments and leading the activities relating to future mergers and acquisitions, joint ventures, and strategic alliances. In addition, Mr. Bali will continue to be responsible for the ongoing management of GTECH's Commercial Services business unit. Mr. Bali began his GTECH career in the United Kingdom, and, over the years, has held roles of increasing responsibility, most recently serving as Vice President of Global Business Development, where he was responsible for leading the Company's initiatives in creating new business opportunities and supporting the expansion of GTECH's products and services in existing and new jurisdictions. During his eight years with the Company, Mr. Bali has participated in a number of major areas of the international business including leadership roles in the United Kingdom, Taiwan, China, and Italy. Mr. Bali holds a Graduate Honours Degree in Law and Economics from the University of Keele and is a qualified Chartered Accountant. 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 http://www.newscom.com/cgi-bin/prnh/20051027/NETH055 http://photoarchive.ap.org/ 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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