GameTech Announces Minnesota Manufacturer License
September 19 2007 - 12:53PM
PR Newswire (US)
RENO, Nev., Sept. 19 /PRNewswire-FirstCall/ -- GameTech
International, Inc. ("GameTech" or the "Company") (NASDAQ:GMTC), a
leading designer, developer and marketer of electronic bingo
equipment and bingo systems, today announced that the Minnesota
Gambling Control Board has granted a manufacturer license to the
Company effective October 1st, 2007. According to the Gambling
Control Board, bingo is a $64 million industry in Minnesota with
over 1400 non-profit organizations licensed to conduct bingo and
other games. "This license represents another significant milestone
in the growth of our company. We are excited at the prospect of
opening another new jurisdiction to our industry leading products
and service," commented Jay Meilstrup, CEO and President of
GameTech International. GameTech International, Inc. is in the
business of designing, manufacturing, and marketing computerized
bingo and gaming equipment, systems, and services. Under the
GameTech(R) brand the Company provides electronic bingo systems and
equipment. Under the Summit Gaming(TM) brand the Company provides
video lottery terminals and slot machine gaming devices. The
Company also provides other gaming related equipment and services.
GameTech International, Inc. is an innovator in advanced wireless
gaming applications and devices as well as software and content for
traditional slot machine games. GameTech International, Inc. serves
customers in 41 U. S. States, Canada, Japan, Mexico, Norway,
Philippines, and the United Kingdom. The company was incorporated
in 1994 and is headquartered in Reno, Nevada. Statements in this
press release that are not historical facts are intended to be
forward-looking statements subject to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include our expectations regarding our
future business in the State of Minnesota and the continuing market
for bingo in Minnesota. GameTech cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained herein. Such factors include risks associated
with doing business in a regulated industry, our ability to retain
customers and secure new customers, risks associated with rapid
technological change, and those disclosed in documents filed by the
Company with the Securities and Exchange Commission, including the
Company's most recently filed Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. GameTech does not intend, and
undertakes no obligation, to update our forward- looking statements
to reflect future events or circumstances. DATASOURCE: GameTech
International, Inc. CONTACT: Donald Tateishi, CFO of GameTech
International, Inc., +1-775-850-6100 Web site:
http://www.gametech-inc.com/
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