128K Memory Gives Casinos More Promotional Power
WALLINGFORD, Conn., Sept. 16 /PRNewswire-FirstCall/ --
TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of
transaction-based printers for customers worldwide, will unveil the industry's
first casino thermal printer with extended memory tomorrow at the Global
Gaming Expo (G2E). With its new memory option, TransAct's Ithaca(R) brand
Model 850 printer will feature 128K in memory storage space, which will allow
casinos to have up to ten full ticket-size coupons embedded in the memory of
the printer. More than ten coupons may be stored by using smaller images on
the coupon.
Bart C. Shuldman, Chairman, CEO and President said, "Our Model 850 casino
thermal printer with the new extended memory feature is a very compelling
offering for any casino operator. By leveraging the use of the printer in the
slot machine, casinos can offer coupons and promotional tickets to reward
frequent slot players and to attract new ones. The extended memory will
provide casinos with capacity for storing ten different types of promotional
themes or offers on the printer, giving them the increased flexibility they
need to provide more effectively targeted offers."
The Ithaca Model 850 printer with extended memory provides the advantage
of downloading and storing promotional images to the printer's non-volatile
memory. Once supported by the host system, images stored in this way can
quickly and easily be updated and refreshed to keep current with changing
resort events and promotions. The extended memory option will be available
for units produced beginning in January 2003.
TransAct will be showcasing its line of gaming printers at the 2002 G2E,
from September 17-19 at the Las Vegas Convention Center. The Company will be
exhibiting at booth 661. For more information visit
http://www.globalgamingexpo.com.
About TransAct Technologies Incorporated
TransAct (Nasdaq: TACT) designs, develops, manufactures and markets
transaction-based printers under the ITHACA(R) and MAGNETEC(R) names. In
addition, the company markets related consumables, spare parts and service.
The Company's printers are used worldwide to provide receipts, tickets,
coupons, register journals and other documents. TransAct focuses on two core
markets: point-of-sale (POS), 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. For further information,
visit TransAct's web site located at http://www.transact-tech.com.
CONTACTS:
Richard L. Cote, Chief Financial Officer, 203-269-1198 Ext. 6020
or David Pasquale, 646-536-7006, or Jim Olecki, 646-536-7021 both with The
Ruth Group
Forward-Looking Statements:
The Company's forward-looking statements in this press release are subject
to a number of risks and uncertainties. Risks and uncertainties include, 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, including
GTECH Corp.; dependence on third parties for sales in Europe and Latin
America; economic conditions in the United States, Europe and Latin America;
marketplace acceptance of new products, risks associated with foreign
operations; the Company's ability to successfully sublease its facility in
Wallingford, CT subsequent to its closing; availability of third-party
components at reasonable prices; and the absence of price wars or other
significant pricing pressures affecting the Company's products in the United
States or abroad. 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 report and the Company assumes no
duty to update them to reflect new, changing or unanticipated events or
circumstances.
SOURCE TransAct Technologies Incorporated
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Related links:
http://www.transact-tech.com
http://www.globalgamingexpo.com
CONTACT:
Richard L. Cote, Chief Financial Officer of
TransAct, +1-203-269-1198 Ext. 6020, or David Pasquale,
+1-646-536-7006, or Jim Olecki, +1-646-536-7021 both of The Ruth
Group
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