Business Editors LAS VEGAS--(BUSINESS WIRE)--April 28, 2003--Shuffle Master, Inc. (Nasdaq: SHFL) announced today that it has completed the purchase of certain assets and intellectual property rights owned by Sega Gaming Technology, Inc., a wholly-owned subsidiary of Sega Corporation of Japan. The transaction was originally announced on April 4, 2003. The Company acquired certain current inventory and received licenses to certain intellectual property rights relating to multi-player games referred to as Royal Ascot, Royal Derby, Sega Blackjack, Bingo Party and Roulette Club, primarily for the North American gaming market. "This is precisely the kind of business opportunity that fits our strategy of product line expansion and diversification," commented Mark Yoseloff, Shuffle Master's CEO and Chairman of the Board. Yoseloff continued: "In addition to traditional casino markets, this acquisition provides an excellent vehicle to expand the reach of our successful table games by offering them in electronic form for racinos and other markets in which we are currently foreclosed from offering these products." Sega Corporation was represented in the United States by Europlay Capital Advisors, LLC. Shuffle Master, Inc. is a gaming equipment supply company that develops, manufactures and markets innovative technology-based products and services to the casino industry, including card shufflers and other table gaming equipment, table and slot games, and gaming machine software and related hardware. The Company was ranked: the 35th best small company in America by Forbes magazine in its October 2002 survey; the 25th fastest growing small company by Fortune Small Business(C) magazine in June 2002; and 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. Europlay Capital Advisors, LLC contact: c/o Weber Shandwick, New York Charles Perkins 640 Fifth Avenue New York, NY 10019 212.414.8337 firstname.lastname@example.org This release contains forward looking statements. Such statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the level of consumer or commercial acceptance of the Company's existing products and new products as introduced; competitive advances; acceleration and/or deceleration of various product development and roll out schedules; higher than expected manufacturing, service, selling, administrative, product development and/or roll out costs; current and/or future litigation or claims; changes to the Company's intellectual property portfolio, such as loss of licenses, claims of infringement or invalidity of patents; regulatory and jurisdictional issues involving the Company and its products specifically or the gaming industry in general; general and casino industry economic conditions; and the risks and factors described from time to time in the Company's reports filed with the Securities and Exchange Commission.
Shuffle Master Completes Sega Gaming Transaction
Press spacebar to pause and continue. Press esc to stop.