Progressive Gaming International Corporation (NASDAQ:PGIC) ("the Company), a leading provider of diversified technology and system solutions used in the gaming industry worldwide, will showcase systems solutions for the worldwide gaming industry at the International Casino Exhibition (ICE) 2008 (Earls Court 2: Booth #3310) in London, January 22-24. On display at ICE will be a demonstration of the advantage provided by 13.56 MHz PJM Radio Frequency Identification (RFID) technology, enabling true chip tracking on roulette for the first time, the Company's RFID Chip Inventory System (CIS) and RFID player tracking on card tables. In addition, Progressive will showcase its Casinolink® Enterprise suite featuring a demonstration of the new Progressive Gaming/Acres-Fiore jointly developed innovative mystery progressive game enhancement and Casinolink Enterprise Analytics, which provides the tools needed to analyze and mine data collected by the various systems deployed throughout the casino.
Dave Waters, VP Europe, Middle East and Africa for Progressive Gaming International Corporation, commented, "At ICE 2008, Progressive will have the largest presence we have ever had at this important global gaming conference. Our wealth of systems products that will be on display offer unique solutions to meet the diverse needs of our growing global customer base.
"The innovative mystery progressive features included within the Casinolink Enterprise suite are already proven in their ability to drive strong returns for operators and we believe the new Win Proximity Meter feature we developed with the team from Acres-Fiore will provide an even higher level of entertainment experience for players which in turn will generate even higher returns for our customers. In addition, our Casinolink Enterprise Analytics is a scalable solution that provides our customers with all of the tools necessary to mine and analyze data collected for slots and table game performance, membership and patron tracking and cage accounting.
"Finally, 13.56Mhz PJM RFID technology for table games is well on its way to becoming the gaming industry standard for accuracy, speed, security and integrity and we are excited to be showcasing our premiere table tracking capabilities for roulette tables, an industry first, alongside our well established RFID tracking on card tables. Our updated CIS software also utilizes leading edge RFID technology to provide operators with a reliable solution to greatly reduce the risk of any potential unfortunate security issues such as chip counterfeiting or chip theft thanks to the unique information associated with each chip and validation that occurs at every redemption point that allows for the secure tracking of a chip throughout its lifecycle in a casino. Progressive has a substantial international presence and we are excited to introduce new and updated offerings for our current and potential new customers at ICE.
13.56 MHz PJM technology is the global gaming standard used by most of the major global casino operators. Through the utilization of 13.56 MHz PJM RFID technology Progressive has addressed the biggest challenge associated with RFID-based chip tracking, speed. Progressive's RFID on roulette provides the advantages of secure tracking of chip movements and player tracking without slowing down the game speed thereby allowing for the optimal number of games played per hour.
In order to provide operators with the optimal electronic chip flow management, the newest version of CIS includes enhanced features such as the ability to attach to RFID enabled chip trays including single and dual level trays; Invalid Chip Detection, which detects and reports any chip not recorded as part of the casino's existing approved chip stock; Stolen Chip Real-Time Alert reporting that notifies management of potential security breach attempts at which point all chips in question are automatically marked as "missing and ineligible for cash redemption; Chip Location Tracking; and, a variety of enhancements to the user-friendly CIS reporting and user interfaces.
Casinolink Enterprise Edition is the latest version of Progressive's innovative suite of gaming management system products that support every facet of a gaming operation including proprietary bonusing and progressive modules as well as consolidation of the management of slot machines, table games, server based gaming, cashless account wagering, marketing and cage functions into one fully integrated system. Casinolink Enterprise Edition also enhances the player's experience by delivering a full suite of custom branded and prepackaged Jackpot and Mystery progressives. Operators enjoy the simplicity of basic, intermediate, advanced and enterprise mystery jackpot tiers while players enjoy a wide variety of new progressive mystery jackpot innovations including Countdown Mystery, Scheduled Mystery, Happy Hour Bonus and the Acres-Fiore premium game enhancements featuring the Win Proximity Meter that adds a new level of anticipation for players when jackpot awards are close to being hit.
Casinolink Enterprise Analytics is a scalable solution that leverages Microsoft Business Intelligence (BI) solutions to provide analytics of historical and operational requirements. Casinolink Enterprise Analytics provides the tools needed to analyze data such as Slot performance (Management, Accounting, Progressives); Table game performance (Accounting and Hourly Analysis); Membership and Patron tracking (Patron Analysis and Gaming and Rating) and Cage Accounting (Transactions, Cash Flows and Foreign Exchange).
The RFID technology is licensed by Progressive Gaming through its strategic partnership with Magellan Technology, the providers of the RFID products and the PJM protocol used for item level identification systems that provide reliable high speed processing of items including stacked gaming chips.
About Progressive Gaming International Corporation®
Progressive Gaming is a leading supplier of integrated casino and jackpot management system solutions for the gaming industry worldwide. This technology is widely used to enhance casino operations and drive greater revenues for existing products. Progressive Gaming is unique in the industry in offering casino management and progressive systems in a modular yet integrated solution. Products include multiple forms of regulated wagering solutions in wired, wireless and mobile formats. There are Progressive Gaming products in over 1,000 casinos throughout the world. For further information, visit www.progressivegaming.net
About Magellan Technology
Magellan Technology is a technology developer, manufacturer and licensor of advanced read and write 13.56MHz RFID systems. They design and offer RFID chip inlets and a complete reader portfolio using Phase Jitter Modulation (PJM) technology, which complies with the International Standard ISO/IEC 18000 Part 3 Mode 2. PJM technology is more than 10 times faster than other existing HF technologies. The PJM StackTag(r) is unique in its capability to identify, read and write RFID tags even when they are deeply stacked together. PJM products are optimized for applications where many hundreds of tags are stacked tightly or need to be identified reliably in fast moving dynamic situations where tags are presented in all orientations. Magellan licenses its PJM technology worldwide. For additional information about Magellan, visit www.magellan-rfid.com.
Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, including statements regarding the new functionality and benefits derived by the Company's casino customers from Casinolink Enterprise Edition, the belief that Casinolink Enterprise Edition will stimulate an upgrade cycle for the Company's current installed base while also helping to grow the industry's largest systems presence outside of the U.S., expected benefits operators may derive from the system's robust information analysis capabilities, any expected enhancement of the player's experience from utilizing the system, and the expectation that the new innovative mystery progressive feature developed with the team from Acres-Fiore will lead to an even higher level of entertainment experience for players and help to further grow the market penetration of CJS. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risk that the rollout of Casinolink Enterprise Edition and/or CJS will be delayed or precluded, risks related to delays in the approval, introduction, installation and customer acceptance of new products, the status of the Company's strategic partnerships with third parties, risks related to the Company's ability to enforce and develop its intellectual property rights, including rights licensed from third parties, the risk that patents may exist of which the Company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, the Company's ability to meet its capital requirements, relationships with casino operators, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures, the overall industry environment, and general economic conditions as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual reports on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statements to reflect new circumstances or anticipated or unanticipated events or circumstances as they occur.
Casinolink is a registered trademark of Progressive Gaming International Corporation. Casinolink Jackpot System is a trademark of Progressive Gaming International Corporation.
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