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TransAct Technologies Board of Directors Authorizes Up to $4 Million Common Stock 10b5-1 Repurchase Plan



TransAct Technologies Board of Directors Authorizes Up to $4 Million Common
Stock 10b5-1 Repurchase Plan

HAMDEN, Conn., Nov. 15, 2012 (GLOBE NEWSWIRE) -- TransAct Technologies
Incorporated (Nasdaq:TACT), a global leader in providing market-specific
printing and software solutions for transaction-based and other industries,
today announced that its Board of Directors has authorized the Company to
purchase up to $4 million of TransAct common stock as part of a new 10b5-1
plan (the "Plan"). Under the Plan, the Company expects to repurchase
outstanding shares of common stock from time to time on the open market
through May 2013, depending on market conditions, share price and other
factors.

A plan under Rule 10b5-1 allows a company to repurchase its shares at times
when it otherwise might be prevented from doing so under insider trading laws
or because of self-imposed trading blackout periods. A broker selected by
TransAct will have the authority under the terms and limitations specified in
the Plan to repurchase shares on TransAct's behalf in accordance with the
terms of the Plan. Because the repurchases under the Plan are subject to
certain pricing parameters, there is no guarantee as to the exact number of
shares that will be repurchased under the Plan, or the timing of such
repurchases, or that there will be any repurchases pursuant to the Plan. The
Company may terminate the plan at any time.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries. These
industries include casino, gaming, lottery, banking, kiosk, point-of-sale,
food safety, hospitality, oil and gas, and medical and mobile. 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
and products are designed from the ground up based on market specific
requirements and are sold under the Ithaca®, Epic, EPICENTRAL® and Printrex®
product brands. TransAct distributes its printers through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has over
2.4 million printers installed around the world. TransAct is also committed to
providing world-class printer service, spare parts, accessories and printing
supplies to its growing worldwide installed base of printers. 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, food safety, gaming, government and oil and
gas exploration 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, please 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

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" or "continue" or the negative thereof or
other similar words. All forward-looking statements involve risks and
uncertainties, including, but are 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; dependence on
contract manufacturers 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; risks associated with potential future acquisitions;
the outcome of the lawsuit between TransAct and Avery Dennison Corporation;
and other risk factors detailed from time to time in TransAct's reports filed
with the Securities and Exchange Commission. 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

TransAct Technologies, Inc. Logo
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