TransAct Signs Five Year Contract Extension with GTECH
23 Febbraio 2006 - 4:00PM
PR Newswire (US)
WALLINGFORD, Conn., Feb. 23 /PRNewswire-FirstCall/ -- TransAct
Technologies Incorporated (NASDAQ:TACT), a leading producer of
transaction- based printers for customers worldwide, today
announced that it has signed a five-year contract extension with
GTECH Corporation (NYSE:GTK), a leading global gaming and lottery
technology and services company. The contract will now extend
through June 2012. Bart C. Shuldman, Chairman, President and Chief
Executive Officer of TransAct Technologies commented, "GTECH has
been one of TransAct's largest and most valued customers for more
than 10 years. Given GTECH's leading position in the lottery
industry worldwide, we are pleased that they have agreed to extend
our existing contract for an additional five years." About TransAct
Technologies Incorporated TransAct Technologies (NASDAQ:TACT)
designs, develops, assembles, markets and services world-class
transaction printers under the Epic(R) and Ithaca(R) brand names.
Known and respected worldwide for innovative designs and real-
world service reliability, TransAct's impact, thermal and inkjet
printers generate top-quality receipts, tickets, coupons, register
journals and other documents. The company focuses on two core
markets: point-of-sale (POS) and banking, and gaming and lottery.
TransAct sells its products to original equipment manufacturers,
value- added resellers and selected distributors, as well as
directly to end-users. The Company's product distribution spans
across the Americas, Europe, the Middle East, Africa, the Caribbean
Islands and the South Pacific. In addition, TransAct has a strong
focus on the after-market side of the business, with a growing
commitment to printer service, supplies and spare parts. For
further information, visit TransAct's web site located at
http://www.transact-tech.com/. About GTECH 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. CONTACTS: For TransAct:
Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059
or David Pasquale, 646-536-7006, or Denise Roche, 646-536-7008,
both with The Ruth Group Forward-Looking Statements: Certain
statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified
by the use of forward-looking terminology, such as "may," "will,"
"expect," "intend," "estimate," "anticipate," "believe," "project"
or "continue" or the negative thereof or other similar words. All
forward-looking statements involve risks and uncertainties,
including, but are not limited to, customer acceptance and market
share gains, both domestically and internationally, in the face of
substantial competition from competitors that have broader lines of
products and greater financial resources; introduction of new
products into the marketplace by competitors; successful product
development; dependence on significant customers; dependence on
significant vendors; the ability to recruit and retain quality
employees as the Company grows; dependence on third parties for
sales outside the United States, including Australia, New Zealand,
Europe and Latin America; economic and political conditions in the
United States, Australia, New Zealand, Europe and Latin America;
marketplace acceptance of new products; risks associated with
foreign operations; availability of third-party components at
reasonable prices; price wars or other significant pricing
pressures affecting the Company's products in the United States or
abroad; and the outcome of lawsuits between TransAct and
FutureLogic, Inc. Actual results may differ materially from those
discussed in, or implied by, the forward-looking statements. The
forward-looking statements speak only as of the date of this
release and the Company assumes no duty to update them to reflect
new, changing or unanticipated events or circumstances. DATASOURCE:
TransAct Technologies Incorporated CONTACT: Steven DeMartino, Chief
Financial Officer of TransAct Technologies Incorporated,
+1-203-269-1198, ext. 6059; or David Pasquale, +1-646-536-7006, or
Denise Roche, +1-646-536-7008, both with The Ruth Group Web site:
http://www.transact-tech.com/
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