GTK Gtech

Bruce Rowe Joins GTECH as Corporate Vice President of Business Strategy and GM of Nevada Operations WEST GREENWICH, R.I., April 27 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) today announced the appointment of Bruce Rowe as Corporate Vice President of Business Strategy, Gaming Solutions, and General Manager of Nevada Operations. In this role, he will help develop and oversee the long-term strategic direction of GTECH's Gaming Solutions division, and will lead GTECH's global market-requirements process, content development, brand licensing, and product positioning for the government-sponsored and commercial gaming industry. In addition, he will head up GTECH's Nevada operations to strengthen the Company's presence and develop business opportunities in the region. Prior to joining GTECH, Mr. Rowe was a senior executive with Harrah's Entertainment, Inc., for 23 years. While at Harrah's, he was the Corporate Vice President of Slot Operations, Research and Development as well as Corporate Vice President of Information Technology. At that time, Harrah's Entertainment owned, or managed, more than 42,000 slots in the Harrah's, Rio, Harveys, and Showboat brands at 25 locations. "Bruce knows what makes a successful and profitable gaming and entertainment provider," said GTECH Senior Vice President of Gaming Solutions Marc Crisafulli. "During his tenure with Harrah's, Bruce directly participated in the openings of 16 domestic and international casino openings. Bruce understands the market, the needs of the players, and the requirements of gaming operators. His years of experience in slots and Information Technology give him an unparalleled view of games, systems, and casino operations." After his tenure with Harrah's, Mr. Rowe founded and was President of Renaissance Casino Solutions, Inc., a consulting company located in Las Vegas that provided services to casino operators, slot manufacturers, system providers, and the financial community. Mr. Rowe holds a bachelor's degree in Technical Theater from American University in Washington, D.C., and is a member of the International Gaming Advisory Board. He is Vice President of Membership Development for the Gaming Standards Association, a frequent facilitator and panelist at industry events, and a regular contributor to industry publications. 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 5,300 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 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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