Spielo to Launch its Next Generation Video Lottery Terminal WinWave(TM) at the 2005 NASPL Show
August 15 2005 - 5:55PM
PR Newswire (US)
WEST GREENWICH, R.I.; MONCTON, Canada, Aug. 15
/PRNewswire-FirstCall/ -- Spielo(R), a GTECH(R) Company (NYSE:GTK),
is launching yet another innovative solution for the lottery
industry. WinWave(TM), the next generation video lottery terminal,
will be showcased at the North American Association of State and
Provincial Lotteries (NASPL) conference in Minneapolis, Minnesota
from September 14-16, 2005. WinWave offers a sleek new design, a
second LCD screen, and a smaller footprint. Developed in
consultation with lotteries to meet the specific needs of venues
and players, WinWave offers the same full-bodied features as
Spielo's traditional terminals with ergonomic enhancements that
improve the overall playing experience. "WinWave provides video
lottery players a new and different gaming experience," said GTECH
Senior Vice President of Gaming Solutions Marc Crisafulli. "With
exciting content, a new design, and ease of use, these terminals
answer the demand for creative gaming technology." Spielo, known
for providing unique and compelling products and services to
lotteries, has developed new game concepts that are high in
entertainment value and are a departure from the typical keno,
poker, or reel games currently offered. Since Spielo was acquired
by GTECH in 2004, there have been many exciting developments for
both companies. In addition to WinWave, Spielo will showcase a
number of games for its Aura(TM) and PowerStation 5(TM) platforms.
Other developments include issuance of a gaming license by the
South Dakota Lottery and an agreement with the Multi-State Lottery
Association (MUSL) for GTECH to provide the first ever multi-state
Wide Area Progressive games in West Virginia, Rhode Island, and
Delaware. Come see the future of gaming at Spielo's booth #46.
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 Company CONTACT:
Robert K. Vincent, Public Affairs of GTECH Corporation,
+1-401-392-7452 Web site: http://www.gtech.com/
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