GTK Gtech

Company to Also Upgrade Central System Hardware WEST GREENWICH, R.I., Aug. 9 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) today announced that Organizacion Nacional de Ciegos Espanoles (ONCE) has signed an agreement with GTECH's subsidiary, GTECH Global Services Corporation Ltd., for the provision of 5,000 additional handheld lottery terminals. GTECH will also upgrade ONCE's central system hardware. ONCE, the $3 billion lottery operated by the Spanish National Organization for the Blind, is authorized by the Spanish government to administer lottery and wagering games in Spain. "We are pleased that such an important and special organization continues to place its confidence in GTECH," said GTECH President and CEO W. Bruce Turner. "The handheld terminals remain very popular with ONCE's visually- impaired lottery retailers and, as a result, ONCE continues to see considerable growth in its retailer base and lottery sales." By the end of fiscal 2005, ONCE had ordered a total of 19,000 handheld terminals from GTECH. Under the terms of this agreement, GTECH will supply ONCE with 5,000 additional handheld terminals, which will be deployed throughout Spain at ONCE's discretion. GTECH, together with Ingenico Iberia, a world leader in secure transaction payment and transaction systems, are delivering the handheld lottery terminals for the thousands of visually-impaired retailers in Spain. In addition, GTECH will upgrade ONCE's hardware systems, providing the organization with enhanced processing capabilities and expanded memory to support future products and services. With respect to this terminal sale and hardware upgrade with ONCE, GTECH expects to generate approximately $10 million in revenue. 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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