HAMDEN, CT - April 13, 2009 - TransAct Technologies Incorporated (NASDAQ: TACT), a global leader in market-specific printers for transaction-based industries, today announced that its Epic 950® printer was selected exclusively by the River Spirit Casino for the 2,800 slot machines featured on the casino floor which opened March 31, 2009. In addition, the Muscogee (Creek) Nation also chose the Epic 950® printer for 400 new machines that will be installed at other Creek Nation properties, resulting in the combined installation of 3,200 new Epic 950® printers.
The new $195 million River Spirit Casino includes one of Oklahoma's largest gaming floors. At 300,000 square feet, the casino features state-of-the-art amenities including 2,800 gaming machines, 24 table games, 15 poker games, four dining venues and a unique entertainment lounge. River Spirit Casino is located in Tulsa, Oklahoma and is owned and operated by the Muscogee (Creek) Nation.
"This recent win further confirms our belief that operators are seeking the best technological features with maximum flexibility for their slot floors," said Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies. "The Epic 950® is a highly reliable and robust printer which offers numerous advanced features including quick disconnect, reliable ticket burst and present, low-ticket sensing and USB connectivity. In addition, the Epic 950®'s revolutionary dual-port marketing capabilities allow real-time customer-specific promotions right at the game, which is a significant feature for enhanced patron marketing/loyalty programs. We are extremely pleased to have the Epic 950® chosen by the Creek Nation for their properties and look forward to working with them to capitalize on all the features the Epic 950® offers."
The Creek Nation is a part of a growing number of casino operators that are demanding easy-to-use, reliable ticket printing today while preparing for an upgrade path to the technology advancements of the future. The flexibility to upgrade their current technology to include advanced server-based printing features such as automatic firmware download and dual-port printing for marketing coupons at the slots is the perfect solution for slot operators like the Creek Nation. Utilizing technology that conforms to industry open standards, the Epic 950® is field upgradeable with TransAct's industry-leading ServerPort technology.
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 products through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct also has a strong focus on the after-market side of the business, with a high commitment to printer service, supplies and spare parts. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit http://www.transact-tech.com or call 203.859.6800.
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", "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but are not limited to, 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; 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, EVP and Chief Financial Officer