Published:
GameTech and Rocky Mountain Industries Sign Agreement
RENO, Nev., June 3 /PRNewswire-FirstCall/ -- GameTech International, Inc.
("GameTech(R)" or the "Company") (Nasdaq: GMTC), a leading designer, developer
and marketer of electronic bingo and gaming equipment, systems, and video
lottery terminals through its Summit divisions, today announced that it has
signed an agreement with Rocky Mountain Industries LLC ofMontana, a leader in
theMontana gaming market. The agreement allows for GameTech to provide 500
initial gaming units, with an option for 500 additional units, along with
custom developed games. There is an initial four year custom software
commitment with two additional option years.
Jay Meilstrup, GameTech's President and Chief Executive Officer stated:
"We are especially excited to have been selected to provide Rocky Mountain
Industries with their premier line of gaming devices. Rocky Mountain
Industries is a well recognized leader in theMontana gaming market. For their
company to rely on GameTech to provide the center piece of their gaming effort
for the next four years, with an option of two additional years, can only be
taken as the ultimate compliment to our company. We look forward to a long
and successful relationship."
GameTech International, Inc. is in the business of designing,
manufacturing, and marketing computerized bingo and gaming equipment, systems,
and services. Under the GameTech(R) brand the company provides electronic
bingo systems and equipment, and is an innovator in advanced wireless gaming
applications and devices. Under the Summit Gaming (TM) brand the Company
provides video lottery terminal devices and related software and content.
GameTech International, Inc. serves customers in 43 U.S. States,Canada,
Japan,Mexico,Norway,Philippines, and theUnited Kingdom. The company was
incorporated in 1994 and is headquartered inReno, Nevada.
Statements contained in this press release that are not historical facts
are intended to be forward-looking statements subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include new product and product feature
developments and expectations relating to financial and operating results.
GameTech cautions that these statements are subject to risks and uncertainties
that could cause actual results to differ materially from those reflected by
the forward-looking statements contained herein. Such factors include our
dependence on the bingo and video lottery terminal businesses, risks
associated with rapid technological change, our ability to retain customers
and secure new customers, and other factors disclosed in documents filed by
the Company with the Securities and Exchange Commission, including the
Company's most recently filed Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q. Forward-looking statements speak only as of the date of this
release, and we undertake no obligation to update such statements.
SOURCE GameTech International, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Computers and Electronics, Games and Multimedia, Banking and Finance, montana, nevada
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