LAS VEGAS, April 8 /PRNewswire/ -- PDS Financial Corporation
(Nasdaq: PDSF) today announced it was granted a gaming device manufacturer's
license by the Nevada Gaming Commission.  This license is a strategic
milestone for the Company, allowing it to manufacture certain components used
in the reconditioning of gaming devices in the Company's Slot Source division.
This will help to reduce the Company's reliance on original manufacturers and
enable the Company to improve efficiencies, while reducing lead times.  The
license also allows the Company to pursue its strategic plan of offering a
wider variety of gaming devices, including proprietary games.
    "Obtaining this license is an important step for our Company," stated
Johan P. Finley, President and Chief Executive Officer.  "Being able to
manufacture certain components will help to control costs and better manage
the delivery times of our products, which are key elements of our business
strategy."
    The Company also announced the hiring of Joe Rolston as Vice President and
General Counsel.  Mr. Rolston was most recently with Mikohn Gaming
Corporation, where he served as Associate General Counsel and Executive
Director of Compliance.  Prior to that Mr. Rolston was a Deputy Attorney
General for the State of Nevada, where he represented the Gaming Control Board
and Nevada Gaming Commission.
    "We are very excited to have Joe as part of our team," stated Mr. Finley.
"His extensive gaming experience and background dealing with complex financial
transactions makes him a great asset to the Company.  We are continuing our
expansion into other gaming jurisdictions in order to maintain our competitive
advantage as one of the largest distributors of reconditioned gaming devices.
Mr. Rolston's understanding of the gaming industry and familiarity with gaming
regulatory issues will assist greatly in our expansion."
    The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements.  Certain of the statements contained
herein, which are not historical facts, are forward-looking statements with
respect to events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively or
negatively, by various factors.  There is no assurance that the Company will
continue to meet state licensing requirements.  Furthermore, there is no
assurance that the Company will benefit from operational efficiencies achieved
as a manufacturer.  Additional information concerning potential factors that
could affect the Company is detailed from time to time in the Company's
reports filed with the Securities and Exchange Commission.
    PDS Financial Corporation, with offices in Las Vegas and Minneapolis,
provides leasing and financing to the gaming industry, and supplies
reconditioned gaming devices to casino operators throughout the United States.
Since 1991, PDS has completed over $465 million in gaming finance transactions
and in 1996 introduced Slot Lease, a specialized leasing program for slot
machines and other electronic gaming devices.  In mid-1997, the Company
established its reconditioned gaming device sales and distribution division,
PDS Slot Source, to complement its leasing and financing activities and to
generate equipment sales to casino operators.

Link to this page: