Release Details
WYNN RESORTS SELECTS TRANSACT AS SOLE PROVIDER OF GAMING PRINTERS FOR ITS NEWLY OPENED LAS VEGAS HOTEL CASINO
WYNN RESORTS SELECTS TRANSACT AS SOLE PROVIDER OF GAMING PRINTERS FOR ITS NEWLY OPENED LAS VEGAS HOTEL CASINO
May 17, 2005
WYNN RESORTS SELECTS TRANSACT AS SOLE PROVIDER OF GAMING PRINTERS FOR ITS NEWLY OPENED LAS VEGAS HOTEL CASINOWallingford, CT, May 17, 2005- TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, today announced that Wynn Resorts, Limited (Nasdaq: WYNN) selected TransAct Technologies to be the sole provider of gaming printers for its Wynn Las Vegas resort, which celebrated its grand opening on April 28.
Wynn Las Vegas extensively reviewed all printer solutions available and found that TransAct offered the most advanced technology in emerging products and the strongest track record of performance on their legacy products. Ultimately, Wynn chose TransAct's Ithaca line of printers because of the advanced solutions being offered within the new Epic950™.
"The opening has gone exceptionally well from our standpoint. The performance of the Epic 950™ has been outstanding," said Jon Berkley, Senior Vice President of Global Gaming and Lottery for TransAct. "It is an honor to have the Epic950™ selected as the printer of choice by Wynn, a customer known to demand nothing but the best. As they have done in the past, the Wynn group is pushing the edge of the envelope in terms of what the future of gaming can be and has considered new ways to enhance the gaming experience. With the Epic950™ on their floor, Wynn Las Vegas will have the ability to drive new technology and to bring advancements like color, promotional couponing and real time customer interaction to slot players on the floor."
Wynn Las Vegas, a $2.7 billion resort and casino located on approximately 217 acres on the Las Vegas Strip, is considered by many to be the most impactful casino opening in many years. Steve Wynn has a reputation as a visionary within the gaming industry and the opening of Wynn Las Vegas is viewed as a signal of what is to come in the gaming industry. Wynn Las Vegas was the first casino to globally implement this advanced printing technology with their slot machines.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "Having TransAct equip the new Wynn Las Vegas casino with our Epic 950™ is a testament to the quality and functionality of our printers. Industry leaders like Wynn Resorts realize the importance of the customer gaming experience, as well as the potential to expand their marketing strategies. Our latest innovation, the Epic 950™ printer, provides an 'all-in-one' solution with its advanced printing technology and design."
About TransAct Technologies Incorporated TransAct (Nasdaq: TACT) designs, develops, manufactures and markets transaction-based printers under the ithaca® name. In addition, the Company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. TransAct focuses on two core markets: point-of-sale (POS) and banking, and gaming and lottery. TransAct sells its products to original equipment manufacturers, value-added resellers and selected distributors, as well as directly to end-users. The Company's product distribution spans across the Americas, Europe, the Middle East, Africa, the Caribbean Islands and the South Pacific. For further information, visit TransAct's web site located at www.transact-tech.com.
CONTACTS: Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059 or David Pasquale, 646-536-7006, or Denise Roche, 646-536-7008, both with The Ruth Group
Forward-Looking Statements: Certain statements in this press release include forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains, both domestically and internationally, in the face of substantial competition from competitors that have broader lines of products and greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; dependence on significant vendors; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States, including Australia, New Zealand, Europe and Latin America; economic and political conditions in the United States, Australia, New Zealand, Europe and Latin America; marketplace acceptance of new products; risks associated with foreign operations; availability of third-party components at reasonable prices; and the absence of price wars or other significant pricing pressures affecting the Company's products in the United States or abroad. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.
Wynn Las Vegas extensively reviewed all printer solutions available and found that TransAct offered the most advanced technology in emerging products and the strongest track record of performance on their legacy products. Ultimately, Wynn chose TransAct's Ithaca line of printers because of the advanced solutions being offered within the new Epic950™.
"The opening has gone exceptionally well from our standpoint. The performance of the Epic 950™ has been outstanding," said Jon Berkley, Senior Vice President of Global Gaming and Lottery for TransAct. "It is an honor to have the Epic950™ selected as the printer of choice by Wynn, a customer known to demand nothing but the best. As they have done in the past, the Wynn group is pushing the edge of the envelope in terms of what the future of gaming can be and has considered new ways to enhance the gaming experience. With the Epic950™ on their floor, Wynn Las Vegas will have the ability to drive new technology and to bring advancements like color, promotional couponing and real time customer interaction to slot players on the floor."
Wynn Las Vegas, a $2.7 billion resort and casino located on approximately 217 acres on the Las Vegas Strip, is considered by many to be the most impactful casino opening in many years. Steve Wynn has a reputation as a visionary within the gaming industry and the opening of Wynn Las Vegas is viewed as a signal of what is to come in the gaming industry. Wynn Las Vegas was the first casino to globally implement this advanced printing technology with their slot machines.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "Having TransAct equip the new Wynn Las Vegas casino with our Epic 950™ is a testament to the quality and functionality of our printers. Industry leaders like Wynn Resorts realize the importance of the customer gaming experience, as well as the potential to expand their marketing strategies. Our latest innovation, the Epic 950™ printer, provides an 'all-in-one' solution with its advanced printing technology and design."
About TransAct Technologies Incorporated TransAct (Nasdaq: TACT) designs, develops, manufactures and markets transaction-based printers under the ithaca® name. In addition, the Company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. TransAct focuses on two core markets: point-of-sale (POS) and banking, and gaming and lottery. TransAct sells its products to original equipment manufacturers, value-added resellers and selected distributors, as well as directly to end-users. The Company's product distribution spans across the Americas, Europe, the Middle East, Africa, the Caribbean Islands and the South Pacific. For further information, visit TransAct's web site located at www.transact-tech.com.
CONTACTS: Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059 or David Pasquale, 646-536-7006, or Denise Roche, 646-536-7008, both with The Ruth Group
Forward-Looking Statements: Certain statements in this press release include forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains, both domestically and internationally, in the face of substantial competition from competitors that have broader lines of products and greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; dependence on significant vendors; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States, including Australia, New Zealand, Europe and Latin America; economic and political conditions in the United States, Australia, New Zealand, Europe and Latin America; marketplace acceptance of new products; risks associated with foreign operations; availability of third-party components at reasonable prices; and the absence of price wars or other significant pricing pressures affecting the Company's products in the United States or abroad. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.