GTECH Integrates New Commercial Services Capability into the Company's Enterprise Series(TM) System
July 19 2005 - 10:05AM
PR Newswire (US)
GTECH Integrates New Commercial Services Capability into the
Company's Enterprise Series(TM) System WEST GREENWICH, R.I., July
19 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK)
today announced that it has successfully integrated BillBird's
commercial services payment capability into the existing GTECH
Enterprise Series(TM) system. The new solution, Enterprise Series
Commercial Payments (ES-CP), offers GTECH's customers seamless
lottery and commercial services operations. In September 2004,
GTECH's majority-owned subsidiary PolCard S.A. acquired Billbird
S.A., the leading provider of electronic bill payment and prepaid
mobile recharge services in Poland. The acquisition provided GTECH
with a stand-alone commercial services platform that encompassed
broad system and back-office functionality, as well as
comprehensive reporting and business intelligence functions. The
integration of BillBird's system into Enterprise Series effectively
enables lotteries -- and other future distribution partners -- to
leverage existing point-of-sale terminal configurations for new
revenue streams. Lotteries can connect to bill payment clients,
prepaid service providers, and a host of other payment services.
"The Enterprise Series Commercial Payments (ES-CP) solution further
strengthens GTECH's position in the commercial services industry,"
said GTECH President and CEO W. Bruce Turner. "ES-CP is secure,
reliable, and scalable, and allows for the rapid expansion of new
products or services providers as required by our customers. The
modular platform can stand alone or easily be integrated into any
of our customers' existing solutions. Most importantly, the
platform provides a cost effective way to increase same store sales
without the cost of additional retail technology and network
infrastructure." ES-CP supports the growth of a jurisdiction's
transaction processing needs by creating the optimal "plug in"
architecture that easily integrates with banks, utilities, and
telecommunications companies. Operations are simplified for an
ES-CP lottery distribution partner because the solution fully
integrates with a lottery's back-office reconciliation, settlement
support, and risk and cash management requirements. This 'lottery
overlay' technique takes full advantage of existing operations and
processes that are already successfully at work within a
jurisdiction. Certain statements contained in this press release
are forward looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Company identifies forward looking
statements by words such as "may," "will," "should," "could,"
"expect," "plan," "anticipate," "intend," "believe," "estimate,"
"continue," or similar words that refer to the future. Such
statements include, without limitation, statements relating to the
prospects and financial outlook for the Company, which reflect
management assumptions regarding: (i) the future prospects for and
stability of the lottery industry and other businesses in which the
Company is engaged or expects to be engaged, (ii) the future
operating and financial performance of the Company (including,
without limitation, expected future growth in revenues, profit
margins and earnings per share), and (iii) the ability of the
Company to retain existing business and to obtain and retain new
business. Such forward looking statements reflect management's
assessment based on information currently available, but are not
guarantees and are subject to risks and uncertainties that could
cause actual results to differ materially from those contemplated
in the forward looking statements. These risks and uncertainties
include, but are not limited to, those set forth above, in the
Company's subsequent press releases and on reports by the Company
on Forms 10-K, 10-Q and 8-K, and other reports and filings with the
Securities and Exchange Commission, as well as risks and
uncertainties respecting: (i) the potential impact of extensive and
evolving government regulations upon the Company's business; (ii)
the ability of the Company to continue to retain and extend its
existing contracts and win new contracts; (iii) the possibility of
slower than expected growth or declines in sales of lottery and
gaming goods and services by the Company or the Company's
customers; (iv) exposure to foreign currency fluctuations; (v)
risks and uncertainties inherent in doing business in foreign
jurisdictions; (vi) the relatively large percentage of the
Company's revenues attributable to a relatively small number of the
Company's customers; (vii) the possibility of significant
fluctuation of quarterly operating results; (viii) the intensity of
competition in the lottery and gaming industries; (ix) the
possibility of substantial penalties under and/or termination of
the Company's contracts; (x) the ability of the Company to respond
to technological change and to satisfy the future technological
demands of its customers; (xi) opposition to expansion of lottery
and gaming; (xii) the Company's ability to attract and retain key
employees; and (xiii) the possibility of adverse determinations in
pending legal proceedings. GTECH is a leading gaming technology and
services company. With more than $1.25 billion in annual revenues
and 5,300 people in over 50 countries, GTECH provides integrated
technology, creative content, and business services to effectively
manage and grow today's evolving gaming markets. In targeted
emerging economies, GTECH also leverages its operational presence
and infrastructure to supply commercial transaction processing
services. For more information about the Company, please visit
GTECH's website at http://www.gtech.com/. Contact: Robert K.
Vincent Public Affairs GTECH Corporation 401-392-7452 DATASOURCE:
GTECH Holdings Corporation CONTACT: Robert K. Vincent, Public
Affairs of GTECH Corporation, +1-401-392-7452 Web site:
http://www.gtech.com/
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