LAS VEGAS -- Progressive Gaming International Corporation (Nasdaq:PGIC) (the Company), a leading provider of diversified content and technology products and services used in the gaming industry worldwide, is expected to unveil the largest and most diverse offering of new gaming products since its inception at this year's Global Gaming Expo being held in Las Vegas September 13-15, 2005.
Progressive Gaming will clearly demonstrate their transition and focus to technology solutions for global gaming operators. The new products will include the Intelligent Table System(TM), as well as CasinoLink(R) Enterprise Edition which will include, thin-client server based gaming showcasing over 30 slot titles, race and sports book management software, event-within-event wagering, simulated event wagering, media content management, wireless gaming and an all new mystery jackpot system.
Additionally, Progressive Gaming will be rolling out three specialty tables games, 10 new branded and non-branded Matrix platform games, including guest appearances from Gene Simmons and Paul Stanley from the world famous rock band KISS(R) for the roll out of their new game Rock and Roll All Nite!, and Ed McMahon for the roll out of his new game Million Dollar Madness!, as well as the Company's title on the IGT platform, Ripley's Believe It or Not!(R) Treasurers of the World(TM).
Russ McMeekin, Chief Executive Officer stated: "We have had a very busy 12-months with internal R&D developments, acquisitions and the establishment of strategic partnerships to grow and enhance our arsenal of innovative system and content offerings. Our industry is undergoing both a significant technological convergence and geographic expansion and we believe that our new product lines position us very well in both the domestic and international markets. We are now prepared to provide mission critical systems for a multitude of regulated betting and wagering revenue types for our worldwide customer base. We look forward to featuring these innovative products at the upcoming Global Gaming Conference."
--Intelligent Table System (ITS) -- Through Progressive Gaming's recent partnerships with IGT and ShuffleMaster, the most comprehensive automated table games management solution will be provided to the global market. The ITS solution integrates RFID bet recognition, card recognition, game reporting, player tracking, patron loyalty, and bonusing applications. The first collaborative effort of its kind in gaming, ITS does for table games what online slot systems have done for slot machines. Three ITS tables, including blackjack, baccarat and roulette will be on display at the Progressive Gaming booth.
--CasinoLink(R) Enterprise Edition product suite, including wireless server based game and sports applications presented on Game Station, Sports Station and Rapid Bet.
The Company will unveil in excess of 30 new game titles including branded games featuring the mega-rock group KISS "Rock and Roll all Nite", Ed McMahon's "Millionaire Madness" and Dick Clark's "Rock Roll and Remember."
In addition, visitors can experience the first server based peer-to-peer wagering system for the casino environment featuring the Company's tournament "Texas Hold 'Em Live" game within the booth's Poker Cafe.
Complementing the slot game offerings will be the Company's race and sports book management suite. Sports Station's PrimeLine is the industry's first Windows based wager and line management system. It is currently released and in operation at over 30 Nevada casinos.
Progressive Gaming is also unveiling the first ever "event-within-event" wagering system, allowing bets to be made continuously throughout an event or game on outcomes such as the next play, the next score, the outcome of a drive, etc. This innovative product is Rapid Bet Live and it works in conjunction with the Sports Station PrimeLine module. It will be shown in its standard version as well as on a wireless tablet and a touch screen kiosk.
Additionally, CasinoLink's Rapid Bet Simulated, operating on the Company's Game Station module, allows patrons to place wagers on various simulated sporting events. It will be shown as a simulated golf game with betting options on every shot of a particular hole.
Money Factory(TM) is CasinoLink's latest Mystery Jackpot(R) system. Money Factory's synchronized in-machine displays build celebration intensity and bring each player into the thrill and anticipation of winning. This new system is a multi-level mystery jackpot providing constant awards to the machine as well as higher jackpots which are randomly awarded.
-- Three New Specialty Table Games will be prominently displayed
at G2E. The following innovative games will serve to enhance
Progressive Gaming's already powerful lineup:
-- Progressive Texas Hold 'Em Bonus(TM) Poker -- This
exciting new table game is a follow up to the fast growing
felt version but it will include a powerful progressive
jackpot. The jackpot can be operated within a single site
or over a wide-area network connecting multiple casinos.
It can also be combined with the already established
Caribbean Stud jackpot links helping drive more frequent
top level hits.
-- Two Card Joker Poker -- This fast paced and exhilarating
poker game allows the player to wager on three different
bets including one or all of the wagers including the
Ante, Pair Up and the Super Flush Bonus wagers.
-- Progressive Baccarat -- This new game adds the proven
twist of a side wager, generating frequent hitting
jackpots to the solid base game of baccarat. The player
can bet on the combination of the Player and Bank cards.
About Progressive Gaming International
Progressive Gaming International is a leading supplier of Integrated Casino Management Systems Software and Games for the gaming industry worldwide. The Company develops and distributes an expanding array of slot and table games, plus management and progressive jackpot software systems.
The Company is unique in the industry in offering management, progressive systems and games as a modular yet integrated solution. There is a Progressive Gaming International product in virtually every casino in the world. For further information, visit www.progressivegaming.net.
CasinoLink is a registered trademark of Mikohn Gaming Corporation d/b/a/ Progressive Gaming International Corporation (C)2005 Progressive Gaming International Corporation. All Rights Reserved. KISS(R) name and likeness are used with permission. Under License by Signature Networks. (C) 2005 KISS Catalog, LTD. (C)2005 Global Gaming Group, Inc. (C)2005 Mikohn Gaming Corporation d/b/a Progressive Gaming International Corporation. All rights reserved. Ed McMahon's name and likeness are used with permission. (C)2005 McMahon Communications, Inc. All Rights Reserved (C)2005 Global Gaming Group, Inc. "Ripley's Believe It or Not!", "Ripley's" and "Believe It or Not!" are registered trademarks of Ripley Entertainment, Inc. .(C)2005 Ripley Entertainment, Inc. All rights reserved Treasures of the World(TM), Think Big(TM) and the Rip bird character are trademarks of Mikohn Gaming Corporation d/b/a Progressive Gaming International Corporation. (C)2005 Progressive Gaming International Corporation. All Rights Reserved. Mystery Jackpot(R) is a registered trademark of Mikohn Gaming Corporation d/b/a Progressive Gaming International Corporation. (C)2005 Progressive Gaming International Corporation. All Rights Reserved. Texas Hold 'Em Bonus Poker is a trademark of Mikohn Gaming Corporation d/b/a/ Progressive Gaming International Corporation. (C)2005 Progressive Gaming International Corporations. All Rights Reserved.
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Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, including statements regarding activities expected to occur in connection with the 2005 Global Gaming Expo, the size and diversity of the Company's product offerings at the 2005 Global Gaming Expo and expected performance and other characteristics of the product offerings to be presented. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that the Company's pending acquisitions of VirtGame Corp. and EndX Group Limited may not be completed when expected, or at all, risks related to the integration of VirtGame's and EndX's technology with the Company's products, risks related to the inability to obtain, or meet conditions imposed for, governmental approval of the acquisitions, risks related to any uncertainty surrounding the acquisitions and the costs related to the acquisitions, risks related to delay in the introduction of new products, risks related to the Company's ability to enforce and continue to develop its intellectual property rights, including rights licensed from third parties, the risk that patents may exist of which the Company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, the Company's ability to meet its capital requirements, relationships with casino operators, the overall industry environment, customer acceptance of the Company's new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures and general economic conditions as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
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