Thursday, October 23, 2008, 5:00 p.m. Eastern Standard Time
Press Release
SOURCE: GameTech International, Inc.
GameTech
Receives Nevada Gaming Commission License Approval
RENO, Nev. (October 23, 2008) -- GameTech International,
Inc. (“GameTech” or the “Company”) (Nasdaq: GMTC), a leading designer, developer and marketer of
electronic bingo equipment, bingo systems, video lottery terminals and server
based gaming announced today the Nevada Gaming Commission unanimously and
unconditionally awarded the Company with licenses for the manufacture and
distribution of gaming devices within the State of Nevada. In addition the Company also secured
unconditional licenses for the operation of Mobile Gaming Systems and operation
of Interlinked Casino Systems within the State of Nevada.
By holding these unconditional licenses, GameTech is in a
position to bring their server-based mobile gaming system deployed in other
jurisdictions to the Nevada
market. Additionally, these licenses
allow for the sale or lease of traditional slot machines within the State.
GameTech International, Inc. is in the business
of designing, manufacturing, and marketing computerized bingo and gaming
equipment, systems, and services. Under the GameTech® brand the
Company provides electronic bingo systems and equipment. Under the Summit Gaming™ brand the
Company provides video lottery terminals and slot machine gaming devices. The Company also provides other
gaming related equipment and services. GameTech International, Inc. is an
innovator in advanced wireless gaming applications and devices as well as
software and content for traditional slot machine games.
GameTech International, Inc. serves customers in 41 U. S. States, Canada,
Japan,
Mexico, Norway, Philippines,
and the United Kingdom.
The company was incorporated in 1994 and is headquartered in
Reno, Nevada.
Statements 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. GameTech cautions that these
statements are qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking statements
contained herein. Such factors include risks
associated with doing business in a regulated industry, our ability to retain
customers and secure new customers, risks associated with rapid technological
change, and those 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. GameTech does not
intend, and undertakes no obligation, to update our forward-looking statements
to reflect future events or circumstances.