01/24/2007
Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that it has entered into an exclusive distribution agreement with Lightning Poker, Inc., a corporation based in Aston, Pennsylvania. Under the terms of the agreement, Shuffle Master will be responsible for promoting, marketing, distributing and servicing the Lightning Poker™ Gaming System worldwide. Additionally, Shuffle Master will have the option to make an equity investment in Lightning Poker, Inc. as well as to acquire an additional interest in the company if a Lightning Poker, Inc. initial public offering is conducted.
The Lightning Poker Gaming System is a fully-automated electronic poker table that enables up to 10 players to make their wagers and game decisions via individual touch screen betting stations. It can also be configured to offer a variety of poker games and formats including “sit-n-go” tournaments and will be expanded to include several of Shuffle Master’s proprietary titles.
“We are pleased to offer Lightning Poker’s electronic poker table as one of our multi-player electronic table game platforms,” stated Paul C. Meyer, Shuffle Master President and Chief Operating Officer. “Since we exhibited the table at G2E last November, the table has been installed successfully at Turning Stone Casino in New York, and we are currently exhibiting it at the International Casino Exhibition (ICE) in London where it is generating tremendous interest. We are confident that the table will be a welcome addition to casinos worldwide and look forward to adding our proprietary content to the platform to further extend its appeal.”
“Lightning Poker is thrilled with the commitment that Shuffle Master has made to our business,” stated Ron Skotarczak, Lightning Poker President. “Their worldwide sales and service network is second to none, and will enable the Lightning Poker product to gain entry into casinos worldwide.”
Shuffle Master, Inc. is a gaming supply company specializing in providing its casino customers Utility Products, including automatic card shufflers, roulette chip sorters and intelligent table system modules, to improve their profitability, productivity and security, and Entertainment Products, including live proprietary table games, electronic multi-player table game platforms, traditional video slot machines for select markets, live table game tournaments and wireless gaming solutions to expand their gaming entertainment content. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com.
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