TRANSACT EXTENDS AGREEMENT WITH EUROCOIN
Eurocoin Remains Gaming and Casino Market Distributor
and Service Partner for Europe and Africa
Hamden, Conn – January 8, 2008 – TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, today announced that it has extended its agreement for Eurocoin to serve as its exclusive distributor and service agent for the gaming and casino market in Europe and Africa. Under the agreement, Eurocoin will distribute TransAct’s line of gaming printers through January 31, 2010.
Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, commented, “Our international gaming sales continued to grow in 2007, fueled by the broad acceptance of our Epic 950® ticket printer in the Ticket In, Ticket Out market and the Epic 430 gaming printer, which targets off-premise gaming opportunities, such as Amusements with Prizes (AWP) and Skills with Prizes (SWP), Video Lottery Terminals (VLT), and Fixed Odds Betting Terminals (FOBT). Our long-term sales partner, Eurocoin, has expanded our global reach by building customer relationships and achieving record sales in Europe and Africa. Given the opportunity in these markets and all that we have achieved together, it is clearly in both companies’ best interests to extend our partnership.”
Colin Veitch, Director, Eurocoin, said, “Eurocoin is pleased to extend the ongoing relationship with our colleagues at TransAct and look forward to continuing growth and success in the forthcoming two years. TransAct is an outstanding partner with the proven technology of the Epic 950 and Epic 430 printers. Together we have worked to provide innovative solutions and exceptional support resulting in our leading position in the European and African gaming markets.”
Founded in 1973, Eurocoin is one of Europe's leading suppliers of products for the amusement and gaming industries. Eurocoin sells across Europe and Africa from its UK headquarters near London and sales offices throughout Europe and Africa.
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