PGICD Progressive Gaming International (MM)

Progressive Gaming International Corporation (NASDAQ: PGICD) (�the Company�), announced today that the Board of Directors of the Company has engaged Roth Capital Partners, LLC to assist the Company in reviewing strategic alternatives intended to enhance shareholder value. The Company expects to consider and evaluate available alternatives during the strategic review process including, but not limited to, the sale of the Company. The Company has not set any timetable for the conclusion of this strategic review and does not intend to comment further publicly with respect to this process unless or until a specific alternative is approved by its Board of Directors. There can be no assurance that the review process will result in the announcement or consummation of any sale or other transaction. About Progressive Gaming International Corporation� Progressive Gaming is a trusted enterprise gaming solutions and supplier of integrated casino and jackpot management systems for the gaming industry worldwide. This technology is widely used to enhance casino operations and drive greater revenues for existing products. Progressive Gaming is unique in the industry in offering casino management and progressive systems in a modular yet integrated solution. Products include multiple forms of regulated wagering solutions in wired, wireless and mobile formats. There are Progressive Gaming products in over 1,000 casinos throughout the world. For further information, visit www.progressivegaming.net. �2008 Progressive Gaming International Corporation�. All rights reserved. Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, including statements regarding a strategic review of the Company including the potential sale of the Company. 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, risks related to the Company�s ability to satisfy the financial and other covenants included in its lending agreements, delays in the approval, introduction, installation and customer acceptance of existing and new products, the risk that markets for the Company�s products are not as large as the Company anticipates or that competing products may reduce demand for the Company�s products, the risk that the Company may not realize expected annual savings from certain cost reduction initiatives, the risk that the on-going relationship related to the relationship with PEM and IGT may not provide anticipated benefits and costs related to the relationship could increase materially, the risk that regulatory approvals may not be obtained when expected, or at all, the status of rights licensed from content providers, risks related to the Company's ability to enforce and 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 any forward-looking statements to reflect new circumstances or anticipated or unanticipated events or circumstances.