GTECH to Feature Popular Race Car Drivers in its HotTrax(TM) Monitor Game
February 17 2005 - 5:00PM
PR Newswire (US)
GTECH to Feature Popular Race Car Drivers in its HotTrax(TM)
Monitor Game WEST GREENWICH, R.I., Feb. 17 /PRNewswire-FirstCall/
-- GTECH Holdings Corporation (NYSE:GTK) today announced that its
wholly-owned subsidiary, GTECH Corporation, has obtained a
five-year exclusive licensing agreement giving the Company rights
to utilize the names, likenesses, and signatures of premier race
car drivers in the social space environment. "In order to be
successful, lotteries and vendors must continually offer dynamic,
rich content experiences that attract and retain the player," said
GTECH Vice President of Corporate Marketing Chris Lyons. "Popular
drivers of the premier series in stock car racing such as Jeff
Gordon, Dale Earnhardt, Jr., and Jimmie Johnson will add the
visceral excitement of stock-car racing to our HotTrax game."
HotTrax(TM) provides the fast-paced action and vibrant 3-D
animation of thrilling race scenes based on the highly popular
stock-car auto racing circuit. Players have the opportunity to
place a variety of wagers on the finishing order of the racecars
every four or five minutes. This new solution will be offered
immediately to GTECH customers as additional functionality to
HotTrax(TM), with the power of the race drivers' popularity to
create a superior player experience in the social space channel.
HotTrax(TM) is currently being offered as a lottery product at
bars, taverns, and restaurants in Rhode Island. Certain statements
contained in this press release are forward looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The Company
identifies forward looking statements by words such as "may,"
"will," "should," "could," "expect," "plan," "anticipate,"
"intend," "believe," "estimate," "continue," or similar words that
refer to the future. Such statements include, without limitation,
statements relating to the prospects and financial outlook for the
Company, which reflect management assumptions regarding: (i) the
future prospects for and stability of the lottery industry and
other businesses in which the Company is engaged or expects to be
engaged, (ii) the future operating and financial performance of the
Company (including, without limitation, expected future growth in
revenues, profit margins and earnings per share), and (iii) the
ability of the Company to retain existing business and to obtain
and retain new business. Such forward looking statements reflect
management's assessment based on information currently available,
but are not guarantees and are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated in the forward looking statements. These risks and
uncertainties include, but are not limited to, those set forth
above, in the Company's subsequent press releases and on reports by
the Company on Forms 10-K, 10-Q and 8-K, and other reports and
filings with the Securities and Exchange Commission, as well as
risks and uncertainties respecting: (i) the potential impact of
extensive and evolving government regulations upon the Company's
business; (ii) the ability of the Company to continue to retain and
extend its existing contracts and win new contracts; (iii) the
possibility of slower than expected growth or declines in sales of
lottery and gaming goods and services by the Company or the
Company's customers; (iv) exposure to foreign currency
fluctuations; (v) risks and uncertainties inherent in doing
business in foreign jurisdictions; (vi) the relatively large
percentage of the Company's revenues attributable to a relatively
small number of the Company's customers; (vii) the possibility of
significant fluctuation of quarterly operating results; (viii) the
intensity of competition in the lottery and gaming industries; (ix)
the possibility of substantial penalties under and/or termination
of the Company's contracts; (x) the ability of the Company to
respond to technological change and to satisfy the future
technological demands of its customers; (xi) opposition to
expansion of lottery and gaming; (xii) the Company's ability to
attract and retain key employees; and (xiii) the possibility of
adverse determinations in pending legal proceedings. GTECH, a
leading global information technology company with over $1 billion
in revenues and more than 5,400 people in over 50 countries,
provides software, networks, and professional services that power
high-performance, transaction processing solutions. The Company's
core market is the lottery industry, with a growing presence in
commercial gaming technology and financial services transaction
processing. For more information about the Company, please visit
GTECH's website at http://www.gtech.com/. Contact: Robert K.
Vincent GTECH Corporation Public Affairs 401-392-7452 DATASOURCE:
GTECH Corporation CONTACT: Robert K. Vincent, Public Affairs for
GTECH Corporation, +1-401- 392-7452 Web site: http://www.gtech.com/
Copyright
Gtech (NYSE:GTK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gtech (NYSE:GTK)
Historical Stock Chart
From Jul 2023 to Jul 2024