HAMDEN, Conn., June 2, 2009 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced that its Epic 950(r) printer was selected exclusively by the City of Dreams entertainment resort on the Cotai Strip of Macau for all of the approximately 1,350 slot machines featured on the casino floor which opened on June 1, 2009.
"We are very pleased with this exclusive win, which provides further confirmation that the Epic 950(r) printer is fast becoming the most sought after Ticket-In, Ticket-Out (TITO) printer on a global scale," said Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies. "Operators continue to seek the best technological features with maximum flexibility for their slot floors, and the Epic 950(r) fits that description perfectly -- a highly reliable and robust printer which offers numerous advanced features including quick disconnect, reliable ticket burst and present, paper low ticket sensing, the ability to print in two colors and in Chinese characters, and an easy upgrade path to server-based gaming with our patented ServerPort technology. We are excited to have the Epic 950(r) chosen by Melco Crown Entertainment for City of Dreams and look forward to working with them to capitalize on all the features the Epic 950(r) offers."
"City of Dreams is pleased to announce the selection of TransAct Technologies as exclusive provider of TITO printers property-wide," said Matt Hurst, Vice President, Gaming Machines for City of Dreams. "TransAct has proven themselves in the Macau marketplace over the last couple of years in terms of product performance, and their excellent service and support as a leading supplier of printers in the region, and we are happy to be working with them moving forward on our exciting project."
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(r) 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.
Forward-Looking Statements:
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 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; 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.