PokerTek's New Partnership and the PokerPro(TM) System Are Designed to Speed up Live Poker Games around the World
February 10 2006 - 11:49AM
Business Wire
On January 23, 2006, at the International Casino Expo (ICE),
PokerTek, Inc. (NASDAQ: PTEK) announced an international
distribution agreement with a subsidiary of Aristocrat Leisure
Limited (ASX: ALL) that grants Aristocrat the right to distribute
the PokerPro(TM) table and system across the globe. Under the terms
of the agreement, Aristocrat will have exclusive rights to offer
PokerTek's PokerPro(TM) tables and other PokerPro(TM)-branded
technology solutions, to gaming venues across the globe with the
exception of United States and Canadian gaming jurisdictions, where
PokerTek places product directly. Through the alliance with
Aristocrat, subject to receipt of necessary regulatory approvals,
PokerTek will have the opportunity to supply PokerPro(TM) to
potential customers in over 55 countries. The PokerPro(TM) table
was introduced at ICE, and both PokerTek and Aristocrat were
excited about the response of those in attendance. "I spoke with
several attendees who said that PokerPro(TM) is one of the most
innovative gaming products they've seen in a long time," Julian
Stanford, General Manager of Aristocrat Europe, commented. Steve
Parker, Aristocrat Leisure's Group General Manager-Sales and
Marketing agreed, "We were very pleased with the interest created
amongst the operators at the ICE show who got their first look at
the PokerPro(TM) table." "Our partnership with Aristocrat is a
strategic part of our overall business plan to bring high-value
technology products to poker rooms around the world. Aristocrat is
one of the largest and most respected suppliers of innovative
gaming machines and casino management solutions. Aristocrat's
expertise will also be instrumental to the continued development,
expansion, and protection of PokerTek's intellectual property
throughout the world," said Lou White, Chief Executive Officer of
PokerTek. PokerPro(TM) is designed to deal faster than any human,
to eliminate mistakes and the requirement to tip a dealer. "Good
players know they only make money when they are in a hand.
PokerPro(TM) lets players play more hands and have more chances to
make money. In my opinion poker players do not play poker to fidget
with chips, they play poker to beat other players and make money,"
commented White. About PokerTek, Inc PokerTek, Inc. (NASDAQ: PTEK),
headquartered in Charlotte, N.C., was formed to develop and market
the PokerPro(TM) system. This electronic poker table was designed
to provide a fully automated poker room environment to Native
American casinos, commercial casinos and card clubs. The
PokerPro(TM) system was developed to increase casino revenue by
increasing hands per hour, while helping to reduce labor costs
within poker rooms. PokerTek has over 30 patents pending (U.S. and
International) on various aspects of the PokerPro(TM) system. For
more information, please visit www.PokerTek.com or contact Becca
Bernstein at 704.849.0860 ext. 119. About Aristocrat Leisure
Limited Sydney, Australia-based Aristocrat Leisure Limited (ASX:
ALL) is a leading global provider of gaming solutions, primarily
video slot machines, progressive systems, and casino management
systems that consistently outperform the competition. Aristocrat's
products and services are available in over 55 countries around the
world. For more information, please visit the company's website at
http://www.aristocratgaming.com or contact Laura Olson at
702-270-1475. Statements made in this press release, other than
those containing historical information, are forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The forward
looking statements herein, include, but are not limited to, the
expected adoption of the PokerPro(TM) tables by casinos and card
clubs, the expected acceptance of the PokerPro(TM) system by
players, the expected increase in profitability of poker rooms that
install PokerPro(TM) tables, the expected receipt of regulatory
approvals and the expected growth opportunities of PokerTek.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause PokerTek's actual results in future
periods to differ materially from those set forth herein. These
risks include that casinos and card clubs may not adopt and install
the PokerPro(TM) tables at the rate currently expected by
management, players may not recognize the benefits offered by the
PokerPro(TM) tables and may not prefer the electronic tables over
manual tables, and casinos and card clubs may not realize increased
profits as a result of installation of the PokerPro(TM) tables.
There are additional risks related to PokerTek's products and
business identified in PokerTek's final prospectus filed with the
Securities and Exchange Commission ("SEC") on October 14, 2005.
Copies of PokerTek's filings with the SEC are available from the
SEC or may be obtained upon request from PokerTek. PokerTek does
not undertake any obligation to update the information contained
herein, which speaks only as of this date.
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