Societe de la Loterie de la Suisse Romande Names GTECH Preferred Bidder for Integrated Online and Instant Ticket System, Termina
05 November 2004 - 12:15AM
PR Newswire (US)
Societe de la Loterie de la Suisse Romande Names GTECH Preferred
Bidder for Integrated Online and Instant Ticket System, Terminals,
and Wireless Communications Network WEST GREENWICH, R.I., Nov. 4
/PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK)
today announced that its wholly-owned subsidiary, GTECH
Corporation, has been named the preferred bidder by Societe de la
Loterie de la Suisse Romande (LoRo) for a new integrated online and
instant- ticket lottery system, terminals, and communications
network. GTECH received the highest technical score following a
competitive procurement that involved five other bidders. "We
offered LoRo a fully integrated lottery solution that will improve
their current business processes and provide the highest level of
reliability, security, and integrity," said GTECH President and CEO
W. Bruce Turner. "Not only can new retailers be brought online
quickly and cost efficiently, but new services, applications, and
devices can be seamlessly integrated into retailer systems, making
managing lottery operations easier and more efficient." "This award
is also significant in that it will bring LoRo's instant ticket
sales and validation online for the first time," continued Mr.
Turner. Subject to the successful completion of a product sale
agreement, the Company will install GTECH's Enterprise Series(TM)
architecture, featuring internet protocol (IP) web component
technology that will offer a state-of- the-art platform for LoRo's
new online and instant ticket system. GTECH will upgrade the
existing online applications, currently using GTECH's ProSys(R)
system, to Enterprise Series. The Company will also provide LoRo
with approximately 2,000 Altura(R) LVT terminals, 100 handheld
terminals, and project management services. In addition, an
advanced IP-based wireless communications system will be installed
as the interface between retailers and the central system. "GTECH
is pleased to be strengthening this relationship with LoRo, and we
look forward to a long and successful affiliation," said Mr.
Turner. LoRo has been a valued GTECH customer since 1994, a
partnership which has brought about innovations and increased
revenues to support the good causes in Switzerland. With respect to
its proposed agreement with LoRo, GTECH expects to generate
approximately $12 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 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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