GTECH to Provide 7,000 Additional Handheld Lottery Terminals to Organizacion Nacional De Ciegos Espanoles (ONCE) in Spain
June 08 2004 - 9:55AM
PR Newswire (US)
GTECH to Provide 7,000 Additional Handheld Lottery Terminals to
Organizacion Nacional De Ciegos Espanoles (ONCE) in Spain Visually
Impaired Retailers Benefit From Handheld Lottery Terminal Ease Of
Use WEST GREENWICH, R.I., June 8 /PRNewswire-FirstCall/ -- GTECH
Holdings Corporation (NYSE:GTK) today announced that Organizacion
Nacional de Ciegos Espanoles (ONCE) has exercised an option in its
existing agreement with GTECH for the provision of an additional
7,000 handheld lottery terminals. ONCE, also known as the Spanish
National Organization for the Blind, is authorized by the Spanish
government to administer lottery and wagering games in Spain. "Last
year, GTECH collaborated with ONCE to bring their existing lottery
activities online, and introduced a new handheld lottery terminal
to the thousands of visually impaired retailers who sell lottery
tickets," said GTECH President and CEO W. Bruce Turner. "We
appreciate ONCE's continued confidence in GTECH's products and
services. With this new order, ONCE's handheld terminal count is
expected to rise to approximately 14,000 by the end of this year."
ONCE, which provides employment to over 60,000 disabled people,
many of whom are visually impaired, was the first GTECH customer to
be connected to an online lottery system through the new, highly
secure handheld lottery terminals. In 2002, GTECH teamed with
Ingenico, the world leader in secure transaction payment and
transaction systems, to deliver an innovative, secure handheld
lottery terminal for the thousands of visually-impaired retailers
in Spain. The Ingenico i8500 terminal integrates highly secure
online transaction capabilities, with state-of-the-art GSM/GPRS
wireless communications. The terminal also offers array imaging
technology which allows retailers to scan previously-issued
tickets, smart card and magnetic card readers, a receipt printer,
and Text-to-Speech technology, combined in a compact, ergonomic,
and durable package optimized to aid the visually-impaired ONCE
lottery retailers. The Text-to-Speech technology reads and
translates incoming messages into Spanish for the retailer, while
the GSM/GPRS wireless communication permits the retailer to roam.
With respect to this terminal sale with ONCE, GTECH expects to
generate approximately $11 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. 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.
About GTECH GTECH, a leading global information technology company
with over $1 billion in revenues and more than 5,500 people in 45
countries, provides software, networks, and professional services
that power high-performance, transaction processing solutions. The
Company's core market is the lottery industry, with a growing
presence in financial services transaction processing. For more
information about the Company, please visit GTECH's website at
http://www.gtech.com/. About Ingenico With a 24 percent market
share in terminal shipments and revenue leadership, Ingenico is the
world's largest provider of secure payment and transaction systems
used by banking, retail, petroleum, transportation, healthcare, and
governments to ensure the secure acceptance and flow of electronic
commerce. Ingenico's 1,300 employees, as well as a network of
subsidiaries, partners, and distributors make it simple, fast, and
safe to purchase goods anywhere in the world. For more information
about Ingenico, please visit http://www.ingenico.com/. Contact:
Robert K. Vincent Public Affairs GTECH Corporation 401-392-7452
DATASOURCE: GTECH Holdings Corporation CONTACT: Robert K. Vincent,
Public Affairs, GTECH Corporation, +1-401-392-7452 Web site:
http://www.gtech.com/
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