Table Trac, Inc. Announces Second Quarter 2012 Financial Results

MINNETONKA, Minn., Aug. 13, 2012 /PRNewswire/ -- Table Trac, Inc. (OTCBB: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, today announced financial results for its second quarter of 2012.

Second Quarter Highlights

The Company signed one new contract in the second quarter of 2012 entering one new gaming market, Nebraska. The Company completed this installation in the quarter and had no system installations in backlog at the end of this period. The Company's backlog generally consists of future system installations and expansion of offerings for currently installed and supported systems.

In the second quarter, the Company had its systems and technologies reviewed and approved by two independent testing laboratories; and as a result of one of these reviews, the Company has been licensed and approved by the Peruvian government to provide casino management systems for casinos and slot halls throughout that country.

Also in the second quarter, the Company began placement of the CashIO cash handling and redemption kiosk. These cash redemption kiosks represent ancillary revenues for the Company and are a result of the strategic distribution agreement with CountR, announced in the first quarter of this year.

At the end of the second quarter, the Company had casino management systems operational in 37 gaming establishments in seven U.S. states, as well as countries in Central and South America and the Caribbean.

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended June 30, 2012 and 2011:

		Three Months Ended June 30,
		2012		2011
Basic loss per share calculation:
Net loss	$	(97,044)	$	(241,225)
Weighted average number of common shares outstanding		4,707,821		4,617,206
Basic loss per share	$	(0.02)	$	(0.05)

Diluted earnings per share calculation:
Net loss	$	(97,044)	$	(241,225)
Weighted average number of common shares outstanding		4,707,821		4,617,206

Common stock equivalents:
Stock options		(1)		(2)
Weighted average diluted shares outstanding		4,707,821		4,617,206
Diluted net loss per share	$	(0.02)	$	(0.05)

Stock options outstanding of (1) 70,000 and (2) 337,500 were not included in the calculation as they would have been anti-dilutive.

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.

Forward Looking Statements

Statements made in this press release, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute "forward-looking statements" within the meaning of the federal securities laws. These certain statements are based on our assumptions and estimates and are subject to risks and uncertainties. You can identify these forward-looking statements by words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. For these statements, we claim the protection of the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.

For further information on factors that could impact Table Trac and statements contained in this press release, reference should be made to Table Trac's filings with the Securities and Exchange Commission, including quarterly reports on Forms 10-Q, current reports on Form 8-K and annual reports on Form 10-K. You can access such filings at http://www.sec.gov.