HAMDEN, Conn., Nov. 28, 2011 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced that it has signed an agreement to partner with Walker Digital Table Systems, LLC ("Walker Digital") to find ways to combine their networked table games system, Perfect Pay, with TransAct's EPICENTRAL™ Print System.
"We are very excited about the opportunity to work with Walker Digital to enhance their world-class networked table games system by integrating our EPICENTRAL™ Print System," said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. "Walker Digital is at the forefront of bringing innovations in game performance, security and business intelligence to the table games floor previously only available from slots systems. We look forward to working with Walker Digital on testing and finalizing the combination of the EPICENTRAL™ Print System with Walker Digital's Perfect Pay networked table game system."
The new EPICENTRAL™ Print System is an easy-to-use, cost-efficient software system that enables casinos to internally develop marketing programs and promotional coupons to be distributed to customers on a real-time basis at a slot machine. Additionally, the system works with all existing slot systems and games as it is separate and distinct from the slot system itself. With this, casinos will be able to use the EPICENTRAL™ Print System to connect to all existing slot machines, regardless of the game's manufacturer, to drive increased revenue and enhance their customers' experience.
"Walker Digital has demonstrated success in the Asian gaming market with its Perfect Pay networked table system, and we look forward to developing ways to enhance the table game experience for players and operators with the addition of the EPICENTRAL™ Print System," said Jay Walker, Chairman of Walker Digital. "We are pleased to develop this relationship with TransAct and believe it will be very beneficial for both parties."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, banking, kiosk and point-of-sale. Each individual market has distinct, critical requirements for printing and the transaction is not complete until the receipt and/or ticket is produced. TransAct printers are designed from the ground up based on market specific requirements and are sold under the Ithaca® and Epic product brands. TransAct distributes its printers through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct is committed to world-class printer service, spare parts and accessories required by a growing worldwide installed base of printers. Beyond printers, TransAct is a leader in providing printing supplies to the full transaction printer market. Through its TransAct Services Group, TransAct provides a complete range of supplies and consumables items used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming and government markets. Through its webstore, http://www.transactsupplies.com, and a direct selling team, TransAct addresses the on-line demand for these products. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit http://www.transact-tech.com or call 203.859.6800.
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About Walker Digital Table Systems, LLC
Walker Digital Table Systems innovate and develop products for the Asian gaming market including the RFID-enabled Perfect Pay networked table system. Perfect Pay is capable of tracking hand outcomes, wagers, payouts and player ratings in real time while delivering the player's preferred live gaming experience featuring physical chips, physical cards and a dealer. With Perfect Pay, casinos can dramatically increase game security and dealer accuracy while minimizing losses from human error, collusion and theft. Other products include Elite Baccarat'sTM exciting and profitable bets as well as mobile and multi-person gaming solutions. WDTS is part of Walker Digital LLC, a privately held research and development lab based in Stamford, CT. The firm is headed by U.S. inventor and entrepreneur Jay Walker, best known as the founder of priceline.com. TIME magazine has twice named Mr. Walker "one of the top 50 business leaders of the digital age." Visit http://www.wdtablesystems.com for more information or email firstname.lastname@example.org.
Certain statements in this press release include forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but are not limited to, the Company's ability to successfully integrate the Printrex business with its existing operations, customer acceptance and market share gains, both domestically and internationally, in the face of substantial competition from competitors that have broader lines of products and greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; dependence on significant vendors; dependence on a sole source contractor manufacturer for the assembly of a large portion of our products in China; the ability to protect intellectual property; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States, including Australia, New Zealand, Europe, Latin America and Asia; economic and political conditions in the United States, Australia, New Zealand, Europe, Latin America and Asia; marketplace acceptance of new products; risks associated with foreign operations; availability of third-party components at reasonable prices; price wars or other significant pricing pressures affecting the Company's products in the United States or abroad; and risks associated with potential future acquisitions. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.
TransAct Technologies Incorporated
Steven DeMartino, President and Chief Financial Officer