TransAct Technologies Incorporated (Nasdaq: TACT), a global
leader in market-specific solutions, including printers, terminals,
software and other products for transaction-based and other
industries, announced today that the new Hard Rock Hotel &
Casino Sioux City, Iowa will have the Company’s Epic 950® printer
installed in all of the new property’s 850 slot machines when it
opens on August 1, 2014. Owned and operated by Sioux City
Entertainment, a subsidiary of Warner Gaming, the Hard Rock Hotel
& Casino Sioux City is a new fully-integrated gaming resort
featuring slot and table gaming options, a Hard Rock Hotel, live
entertainment venue, and food and beverage options in downtown
Sioux City, Iowa.
TransAct’s award-winning Epic 950 thermal printer is
increasingly the ticket-in/ticket-out (“TITO”) casino printing
solution of choice for operators thanks to its proven reliability
and widespread compatibility. Installed on over half a million slot
machines in hundreds of casinos worldwide, the Epic 950 printer
features TicketBurst™ technology to eliminate player/ticket
interference and is also fully compatible with TransAct’s
Epicentral® promotion and bonusing software system.
“Hard Rock Hotel & Casino Sioux City’s selection of the Epic
950 as their exclusive TITO printer represents yet another
endorsement of the advanced features and functionality offered by
our industry-leading casino printing solution,” said Bart C.
Shuldman, Chairman and Chief Executive Officer of TransAct
Technologies. “The Epic 950 continues to set the industry standard
for quality and reliability and our customers recognize the strong
return they can generate on their investment in this printing
solution. This combination has enabled TransAct to grow its global
casino market share and win new business such as this exclusive
agreement with Sioux City Entertainment, and we are excited to play
a role as the Hard Rock Hotel & Casino brand comes to downtown
Sioux City.”
Todd Moyer, General Manager of Hard Rock Hotel & Casino
Sioux City, commented, “As we evaluated TITO printing options for
our gaming floor, the technology and advanced functionality of the
Epic 950 clearly differentiated it from the pack. We are excited to
work directly with TransAct Technologies to bring their
best-in-class gaming printer solution to our new facility in
downtown Sioux City as we seek to deliver a guest experience never
before seen in the market. The Hard Rock Hotel & Casino brand
is synonymous with leading-edge entertainment and we believe the
Epic 950 will assist our gaming operations teams as they deliver on
that promise to our customers.”
Hard Rock Hotel & Casino Sioux City is being developed
through a partnership between the Missouri River Historical
Development and Sioux City Entertainment, a subsidiary of Warner
Gaming. The $128 million Hard Rock Hotel & Casino Sioux City
will be a fully-integrated gaming resort with 850 slot machines and
a variety of table gaming options. In addition, the 100,000
square-foot facility will include a 54-room Hard Rock Hotel, Rock
Shop, a live-entertainment venue, an outdoor event park and various
food and beverage options.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers,
terminals, software and other products for transaction-based and
other industries. These industries include casino and gaming,
lottery, food safety, banking, point-of-sale, hospitality, oil and
gas, medical and mobile. 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 and products are designed from the ground up based on
market-specific requirements and are sold under the Ithaca®,
RESPONDER, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct
has over 2.5 million printers and terminals installed around the
world. TransAct is also committed to providing world-class printer
service, spare parts, accessories and printing supplies to its
growing worldwide installed base of printers. Through its TransAct
Services Group, TransAct provides a complete range of supplies and
consumable items used in the printing and scanning activities of
customers in the hospitality, banking, retail, gaming, government
and oil and gas exploration markets. Through its webstore,
http://www.transactsupplies.com, and a direct selling team,
TransAct addresses the on-line demand for these products. TransAct
is headquartered in Hamden, CT. For more information, please visit
http://www.transact-tech.com or call 203.859.6800.
Epic is a registered trademark of TRANSACT Technologies
Incorporated. ©2014 TRANSACT Technologies Incorporated. All rights
reserved.
About Hard Rock Hotel & Casino
Hard Rock Hotel & Casino is one of the most iconic and
widely recognizable names and brands worldwide. Accented with an
extensive collection of rare rock-n-roll memorabilia and
complemented with the omnipresent soul of music, Hard Rock Hotels
& Casinos are premier entertainment destinations. In a sea of
countless gaming brands, none represent and celebrate the
individuality of its guests and team members more than the Hard
Rock Hotel & Casino. Hard Rock Hotel & Casino Sioux City is
owned by SCE Partners, LLC and operates under license from HRHH IP,
LLC.
About SCE Partners, LLC
SCE Partners, LLC, the developer of Hard Rock Hotel & Casino
Sioux City, is an affiliated company of Warner Gaming, LLC. Other
Warner Gaming companies manage a variety of gaming, entertainment
and resort properties nationwide, including the Hard Rock Hotel
& Casino in Las Vegas, Nevada. For more information about the
Hard Rock Hotel & Casino Sioux City project, visit
www.hardrockcasinosiouxcity.com.
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; our competitors
introducing new products into the marketplace; our ability to
successfully develop new products; our dependence on significant
customers; our dependence on significant vendors; dependence on
contract manufacturers for the assembly of a large portion of our
products in Asia; our ability to protect intellectual property; our
ability to recruit and retain quality employees as the Company
grows; our dependence on third parties for sales outside the United
States, including Australia, New Zealand, Europe, Latin America and
Asia; the 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; the 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; risks associated with potential future acquisitions; our
new line of food safety and oil and gas products will drive
increased adoption by customers; the outcome of the lawsuit between
TransAct and Avery Dennison Corporation; and other risk factors
detailed from time to time in TransAct's reports filed with the
Securities and Exchange Commission. 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.
Investor Contact:TransAct Technologies IncorporatedSteve
DeMartino, 203-859-6810President and Chief Financial
OfficerorJCIRRichard Land, Joseph Jaffoni, Jim
Leahy212-835-8500tact@jcir.com
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