GTK Gtech

GTECH Signs Agreement with Customer in Spain for 2,500 Altura(R) Terminals WEST GREENWICH, R.I., Jan. 9 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation today announced that its wholly-owned subsidiary, GTECH Corporation, has signed a product sale agreement to provide new online lottery terminals to Sistemas Tecnicos de Loterias del Estado (STL), the operator of the online system for the National Lottery in Spain. "We are certainly gratified by STL's continued confidence in us and believe it is a direct reflection of the quality of GTECH's products and services, which is the hallmark of our business," said GTECH President and CEO W. Bruce Turner. Under the terms of the agreement, STL will replace 2,500 existing Spectra(R) online lottery terminals with 2,500 Altura(R) terminals. In addition, GTECH will continue to provide STL with terminal maintenance and repair services. GTECH has supplied STL with online lottery products and services since 1990. With respect to its product sale agreement with STL, GTECH expects to generate approximately $9 million. 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. 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, and (ii) the future operating and financial performance of the Company (including, without limitation, expected future growth in revenues, profit margins and earnings per share). 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) exposure to foreign currency fluctuations; (iii) risks and uncertainties inherent in doing business in foreign jurisdictions; (iv) the possibility of substantial penalties under and/or termination of the Company's contracts; and (v) opposition to expansion of lottery and gaming. GTECH, a leading global information technology company with $1 billion in revenues and 4,900 people in 44 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 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 CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation, +1-401- 392-7452 Web site: http://www.gtech.com/

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