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TransAct Technologies Opens Gaming and VLT Office in Las Vegas Appoints Jon Berkley as VP and Business Manager, Gaming WALLINGFORD, CT., May 28, 2003 -- TransAct Technologies Incorporated (NASDAQ: TACT), producer of Ithaca® brand transaction-based printers for customers worldwide, today announced the opening of its new office in Las Vegas, NV, part of the company's efforts to expand its business in the gaming and video lottery terminal (VLT) markets. To head up the Las Vegas enterprise, TransAct Technologies has appointed Las Vegas resident Jon Berkley as vice president and business manager of gaming. Berkley's background includes twelve years of managing high-growth technology-based businesses. "Gaming and VLT markets represent one of our fastest-growing areas of business," notes Bart C. Shuldman, chairman, president and CEO of TransAct Technologies. "Since Las Vegas is the center of North American gaming, we want our presence to demonstrate our strong commitment to serving this thriving industry. Jon Berkley knows Las Vegas and technology, giving us on-the-ground knowledge and experience in this rapidly growing sector." The TransAct Las Vegas office will serve the casino and video lottery markets with product lines such as Ithaca® Series 700 and 800 thermal ticket printers for coinless slots and Series 70 impact ticket printers for video lottery, poker, keno and other unattended games. Reporting to Berkley is OEM Sales Manager Larry Sagneri. Additionally, he will indirectly manage European gaming business through TransAct's Europe-Middle East-Africa office in the UK, headed by Andy Reason. Jon Berkley will be responsible for managing and directing TransAct's worldwide gaming business and gaming sales strategy and will direct all sales activities in the gaming industry. He notes, "Traditional Gaming operators, Racinos, State Lotteries, and Indian Gaming operators are all creating demand beyond anything we have seen in the past and TransAct Technologies has positioned itself to provide an expanding range of products to multiple distribution points in this exploding sector." Most recently, Berkley was CEO of Tech I Bank, a financial consulting business. His previous experience includes heading four successful start-up companies. In addition, he served on various government and White House staffs in Washington, DC. He earned a masters degree in business administration from the University of Virginia. About TransAct Technologies: TransAct designs, develops, manufactures and markets transaction-based printers under the ITHACA® and MAGNETEC® brand names. In addition, the company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. The Company focuses on the following vertical markets: point-of-sale (POS), and gaming and lottery. All of TransAct's products are manufactured in ISO 9001 certified facilities. Visit www†˝†nsact-tech.com for more information. |
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