Monday November 18, 09:29 am Eastern Time
SOURCE: GameTech International, Inc.
GameTech Systems Cleared
for Mississippi Play
RENO, Nev., Nov. 18 -- GameTech International, Inc., a leading supplier of electronic bingo equipment, announced today that all fixed-base electronic bingo units in Mississippi were cleared for use. GameTech voluntarily shut down its fixed- base electronic bingo units on Wednesday, September 25, 2002, as a precautionary measure while the company met with gaming officials to ensure the integrity of the Company's fixed-base bingo units after a former GameTech employee allegedly gaffed the Company's system to violate bingo regulations in Las Vegas. Prior to the shutdown, the fixed-based units in Mississippi represented approximately 5% of GameTech's overall company revenue. The Company's portable units, which make up the vast majority of electronic bingo units in operation around the country, were not affected by this action. "We are very pleased that the Mississippi Gaming Commission has approved all of our units for play after a very comprehensive analysis," said Clarence H. Thiesen, GameTech CEO. "We are pleased to be able to again provide our fixed based system to our charitable bingo customers in Mississippi."
GameTech International, Inc. is a leading supplier of a comprehensive line of electronic bingo equipment, including hand-held bingo units, fixed base units and turnkey accounting and management software. The Company supports its bingo operator customers with products that increase play, revenues and profits, and software customized to enhance management and operations, all backed by unparalleled customer service.
Certain statements contained in this document may be deemed to be forward- looking statements under federal securities laws, and GameTech intended that such forward- looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, but are not limited to, expectations regarding the ongoing performance of IGS and GameTech's ability to successfully assume IGS' contractual relationships, as well as the financial growth and operating results of the Company. 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, but are not limited to (a) changes in the markets for the Company's products; (b) the failure of new products to deliver commercially acceptable performance; (c) changes in the regulatory environment for the Company's products and the ability of the Company and its products to be licensed; and (d) the ability of GameTech's management, individually or collectively, to guide the Company in a successful manner. Additional information on these risk factors that could potentially affect the Company's financial results may be found in documents filed by the Company with the Securities & Exchange Commission.
Source: GameTech International, Inc.