TransAct's Epic 950(R) Printer Selected Exclusively by Spielo for New Video
Lottery Terminals in Italy
HAMDEN, Conn., Nov. 6, 2009 (GLOBE NEWSWIRE) -- TransAct Technologies
Incorporated (Nasdaq:TACT), a global leader in market-specific printers for
transaction-based industries, today announced that its Epic 950(R) printer was
selected exclusively by Spielo Manufacturing ULC, a wholly-owned subsidiary of
Lottomatica Group S. p. A., to be installed in all of its new Comma 6b
server-based video lottery terminals (VLTs) in Italy. Approximately $1 million
of printers will ship in 2009 -- most in the fourth quarter of 2009 -- and a
projected additional $2 million are expected to ship throughout 2010, with the
printers being installed inside SPIELO's VLTs to be shipped to Lottomatica and
other Italian VLT concessionaires.
"We are pleased with another exclusive win for the Epic 950(R), enhancing its
reputation as the most sought-after printer on a global scale," said Bart C.
Shuldman, Chairman, President and Chief Executive Officer of TransAct
Technologies. "Gaming operators continue to seek the best technological features
with maximum flexibility for their VLTs, which is a spot-on match with the Epic
950(R) printer -- highly reliable and robust while offering numerous advanced
features including quick disconnect, reliable ticket burst and present, paper
low ticket sensing, the ability to print in two colors and an easy upgrade path
to server-based gaming with our patented ServerPort technology. We are very
excited that SPIELO has chosen the Epic 950(R) and we look forward to enhancing
our strong working relationship."
"SPIELO has chosen TransAct, our preferred printer supplier, for the Italian
opportunity because of its track record for reliability, flexibility, and ease
of use," said SPIELO president and CEO Victor Duarte. "SPIELO is proud to
provide this new market with our top-performing prodiGi Vu(TM) and Winwave Vu
VLTs(TM), and we believe that TransAct's Epic 950(R) printer will help play an
important role in our overall performance and growth in Italy."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and
manufacturing market-specific printers for transaction-based industries. These
industries include casino, gaming, lottery, banking, kiosk and point-of-sale.
Each individual market has distinct, critical requirements for printing and the
transaction is not complete until the receipt and/or ticket is produced.
TransAct printers are designed from the ground up based on market specific
requirements and are sold under the Ithaca(R) and Epic product brands. TransAct
distributes its printers through OEMs, value-added resellers, selected
distributors, and direct to end-users. TransAct has over two million printers
installed around the world. TransAct is committed to world-class printer
service, spare parts and accessories required by a growing worldwide installed
base of printers. Beyond printers, TransAct is a leader in providing printing
supplies to the full transaction printer market. Through its TransAct Services
Group, TransAct provides a complete range of supplies and consumables items used
in the printing and scanning activities of customers in the hospitality,
banking, retail, gaming and government verticals. Through its webstore,
http://www.transactsupplies.com, and an expert direct selling team, TransAct
addresses the rapidly growing on-line demand for this product category. TransAct
is headquartered in Hamden, CT. For more information on TransAct, visit
http://www.transact-tech.com or call 203.859.6800.
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" 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; dependence on a sole source
contractor manufacturer for the assembly of a large portion of our products in
China; the ability to protect intellectual property; 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, Latin
America and Asia; economic and political conditions in the United States,
Australia, New Zealand, Europe, Latin America and Asia; 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 risks associated with potential future acquisitions. 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.
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CONTACT: TransAct Technologies Incorporated
Steven DeMartino, EVP and Chief Financial Officer
203-859-6810
ICR Inc.
William Schmitt
203-682-8200
