Business Wire: Shuffle Master Announces Product Acquisition; Oliver Schubert Joins Shuffle Master as

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LAS VEGAS--(BUSINESS WIRE)--Aug. 12, 2002

Shuffle Master, Inc. (Nasdaq: SHFL) announced today that it has acquired certain assets, technology and products of Casino Software and Services LLC of Las Vegas, Nevada. As part of the transaction, Oliver Schubert, CEO of Casino Software and Services has joined Shuffle Master Gaming as Director of Product Development, Tables. Financial terms were not disclosed.

The acquired product line, Blackjack Survey Voice along with the Bet Watch technology, target the global table game market and involve player tracking capabilities, security and bet recognition. As part of the agreement, Mr. Schubert will continue to develop these products, with the end-goal of producing integrated, automated table game solutions for casino clients worldwide.

Mark L. Yoseloff, Shuffle Master's Chairman and CEO, stated, "The acquisition of these assets is in keeping with Shuffle Master's strategy of acquiring successful and promising products and technologies to leverage into our distribution system. In this case, we not only garner control of two exciting products, but, perhaps, more importantly, we have gained a talented inventor and developer in Oliver Schubert, who will add to our already talented engineering team." Yoseloff continued, "This acquisition also dovetails nicely with our strategy of offering technology that provides clear return on investment for our customers while generating high margin, recurring revenue for Shuffle Master."

Shuffle Master, Inc. is a gaming supply company specializing in providing innovative, high quality products and services to the casino industry, including card shufflers and other table gaming equipment, table games, video and slot games, and new gaming technology.

This release contains forward-looking statements which are based on management's beliefs as well as on assumptions made by and information available to management. The Company considers such statements to be made under the safe harbor created by the federal securities laws to which it is subject, and assumes no obligation to update or supplement such statements. Forward-looking statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the level of consumer or commercial acceptance of the Company's existing products and new products as introduced; competitive advances; acceleration and/or deceleration of various product development and roll out schedules; product performance issues; higher than expected manufacturing, service, selling, administrative, product development and/or roll out costs; changes in the Company's business systems or in technologies affecting the Company's products or operations; reliance on strategic relationships with distributors and technology vendors; current and/or unanticipated future litigation; changes to the Company's intellectual property portfolio, such as loss of licenses, claims of infringement or invalidity of patents; regulatory and jurisdictional issues (e.g., delays in obtaining necessary approvals, or changes in a jurisdiction's regulatory scheme) involving Shuffle Master or its products specifically, and reliance on the gaming industry in general; general and casino industry economic conditions; and the financial health of the Company's casino and distributor customers both nationally and internationally. Additional information on these and other risk factors that could potentially affect the Company's financial results may be found in documents filed by the Company with the Securities and Exchange Commission, including the Company's most recent quarterly report on Form 10-Q and annual report on Form 10-K.