HAMDEN, Conn., Nov. 16, 2011 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced that its Epic 950® printer was selected exclusively by Resorts World Casino New York City at Aqueduct Racetrack to be installed in all of the casino's 5,000 video lottery terminals. The casino opened on October 28, 2011.
"We are very excited with this exclusive win, putting TransAct printers in New York City's first-ever casino, and showing once again that TransAct's superior printers and technology are being recognized on a global scale," said Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies. "The Epic 950® offers everything that operators seek in a Ticket-In, Ticket-Out (TITO) printer – the newest technology and advanced features including quick disconnect, reliable ticket burst and present, paper low ticket sensing, the ability to print in two colors and in multiple languages, and an easy path to connect to TransAct's EPICENTRAL™ Print System and our patented ServerPort technology. We are excited to further our relationship with Resorts World to help them capitalize on all the features and advanced technology of the Epic 950®."
"We were pleased to choose the Epic 950® printer from TransAct for our casino floor due to its features and functions and capability to be connected to EPICENTRAL™ in the future," said Scott Molina, Director of Slot Operations for Resorts World Casino New York City. "We are grateful to important partners like TransAct, whose commitment to this project has helped propel us to where we are today."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, banking, kiosk and point-of-sale. Each individual market has distinct, critical requirements for printing and the transaction is not complete until the receipt and/or ticket is produced. TransAct printers are designed from the ground up based on market specific requirements and are sold under the Ithaca® and Epic product brands. TransAct distributes its printers through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct is committed to world-class printer service, spare parts and accessories required by a growing worldwide installed base of printers. Beyond printers, TransAct is a leader in providing printing supplies to the full transaction printer market. Through its TransAct Services Group, TransAct provides a complete range of supplies and consumables items used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming and government markets. Through its webstore, http://www.transactsupplies.com, and a direct selling team, TransAct addresses the on-line demand for these products. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit http://www.transact-tech.com or call 203.859.6800.
The TransAct Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10061
About Resorts World Casino New York City
Resorts World Casino New York City (Resorts World) is the first entertainment destination of its kind in the five boroughs of New York City. Resorts World is operated by the Genting Group, a global company founded in 1965, and the world's largest Destination Resorts operator. Genting has Resorts World-branded properties in Asia, Europe, North America and on all four oceans through the 50% ownership of Norwegian Cruise Line and Star Cruises brands. Genting's international strategic partners include Universal Studios and Simon Property. The company has a combined market capitalization of $45 billion and employs more than 50,000 people worldwide.
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" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but are not limited to, the Company's ability to successfully integrate the Printrex business with its existing operations, 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; dependence on a sole source contractor manufacturer for the assembly of a large portion of our products in China; the ability to protect intellectual property; 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, Latin America and Asia; economic and political conditions in the United States, Australia, New Zealand, Europe, Latin America and Asia; marketplace acceptance of new products; risks associated with foreign operations; availability of third-party components at reasonable prices; price wars or other significant pricing pressures affecting the Company's products in the United States or abroad; and risks associated with potential future acquisitions. 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.
CONTACT: TransAct Technologies Incorporated Steven DeMartino, President and Chief Financial Officer 203-859-6810 ICR Inc. William Schmitt 203-682-8200