WALLINGFORD, Conn., Sept. 16 /PRNewswire-FirstCall/ -- TransAct
Technologies Incorporated (Nasdaq: TACT), maker of Ithaca(R) brand printers,
is set to showcase two-color thermal printing for casino slot machines and
video lottery terminals at the American Gaming Associations' influential
Global Gaming Expo (G2E) trade show in Las Vegas.
The latest breakthrough builds on TransAct's long history of pioneering
innovations for transaction-based printers. "Color is the wave of the future
and we are thrilled to be the first to introduce color thermal printing to the
gaming industry," noted Bart C. Shuldman, Chairman, President and Chief
Executive Officer of TransAct Technologies. "TransAct's new printer is a
natural progression given our history of innovations. This offering builds on
the success of our existing gaming thermal printers, our two-color processing
patent and the overwhelmingly positive response to our two-color point-of-sale
printers."
"With the addition of color, casino operators will be able to turn slot
machine tickets into vibrant, two-color, eye-catching marketing media. This is
a compelling feature as casino operators look for new ways to increase
revenues at their entertainment complexes. For example, slot players can be
offered complimentary coupons to restaurants, shows or stores. Two color
thermal printing will give casino operators increased capability to provide
effectively targeted offers."
To further support this initiative, TransAct has worked in conjunction
with Appleton, a leading North American direct thermal product manufacturer,
to bring a standard media, known as ithaColor(TM) to the industry. This
two-color thermal ticket media will ensure high quality, cost effective point
of contact messaging.
TransAct will be demonstrating its entire line of Ithaca(R) gaming
printers in booth #2723 at the 2003 G2E, from September 16-18 at the Las Vegas
Convention Center. For more details about the G2E tradeshow, 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 http://www.TheRuthGroup.com
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 and political conditions in the United States, Europe and
Latin America; marketplace acceptance of new products, risks associated with
foreign operations; risks associated with the determination of payments to a
competitor that has advised the Company that certain of its printers may use
the competitor's patents; 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 release 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 Technologies Incorporated, +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, for TransAct
Technologies Incorporated
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