GTECH to Provide 5,000 Additional Handheld Lottery Terminals to Organizacion Nacional de Ciegos Espanoles (ONCE) in Spain
July 30 2004 - 9:15AM
PR Newswire (US)
GTECH to Provide 5,000 Additional Handheld Lottery Terminals to
Organizacion Nacional de Ciegos Espanoles (ONCE) in Spain WEST
GREENWICH, R.I., July 30 /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that Organizacion Nacional
de Ciegos Espanoles (ONCE) has exercised an option in its existing
agreement with GTECH for the provision of an additional 5,000
handheld lottery terminals. ONCE, also known as the Spanish
National Organization for the Blind, is authorized by the Spanish
government to administer lottery and wagering games in Spain. "This
is the third such order from ONCE in less than two years, and we
appreciate the opportunity to continue providing them with our
highly-secure handheld lottery terminals," said GTECH President and
CEO W. Bruce Turner. "ONCE's visually-impaired lottery retailers
are very happy with the terminal's ease-of-use and, as such, ONCE
is realizing a significant increase in both retailer interest and
lottery sales." With this additional sale of handheld terminals,
ONCE expects their handheld terminal count will increase to 19,000
by the end of 2005, making them the largest lottery network in
Spain. GTECH, together with Ingenico, a world leader in secure
transaction payment and transaction systems, are delivering the
handheld lottery terminals for the thousands of visually-impaired
retailers in Spain. With respect to this terminal sale with ONCE,
GTECH expects to generate approximately $8 million in revenue.
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 5,500 people in 45 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 Public Affairs GTECH Corporation 401-392-7452 DATASOURCE:
GTECH Holdings Corporation CONTACT: Robert K. Vincent, Public
Affairs of GTECH Corporation, +1-401- 392-7452 Web site:
http://www.gtech.com/
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