MINNEAPOLIS, July 24 /PRNewswire-FirstCall/ -- Table Trac, Inc. (TBTC.OB), NEWS RELEASE
A few hours prior to the Table Trac annual stockholder meeting, Table Trac and Thunderbird Resorts signed an expanded Master License agreement to cover all of the countries in which Thunderbird Resorts International operates. Table Trac is currently installing systems for Thunderbird Resorts properties in Nicaragua, Guatemala, and Costa Rica.
These separate contracts will now be consolidated along with future contracts under the new agreement. In addition to those countries, Thunderbird Resorts operates in the Philippines and Panama, and has recently expanded into Colombia and Peru. A meeting is scheduled for next month where representatives from all of the aforementioned locations will be meeting with Table Trac in Costa Rica to discuss schedules for future installations.
Thunderbird Resorts International is a publicly traded company that owns and operates 35 casinos and resort locations throughout Central America and the Caribbean.
"This agreement brings mutual benefits to both companies," stated Robert Siqveland, Table Trac's marketing director. "With minimum purchases of new systems, Thunderbird secures exclusive use of the Table Trac system in new markets for a period of time, and Table Trac is able to project future sales and new system feature rollouts for Thunderbird on a timely basis."
"Table Trac has been able to respond to the unique demands of Thunderbird's locations. Our system has been adapted to those needs that surround multi-lingual, multi-currency, and multi-tax jurisdictions", said Chad Hoehne, Table Trac's CEO and President.
A spokesperson for Thunderbird stated: "We are all pleased and congratulations to all in finalizing this agreement with Table Trac. We at TRI look forward to a mutually prosperous relationship that will take each of our respective companies to new heights."
"Our two companies have developed a great working relationship. The synergies are strong, and both companies are experiencing positive growth curves," concludes Siqveland.
About Table Trac, Inc. -- http://www.tabletrac.com/
Table Trac, based in Minnetonka, Minn., has developed a patented real-time system that automates and monitors the operations of casino gaming floors. It provides casino management with comprehensive information seamlessly into an automated environment that provides instant information about the entire casino's table gaming status, along with slot machine play, players club, accounting, banking and games security.
Some statements contained herein are forward-looking statements. The company's actual results may vary materially from the forward-looking statements made above due to important factors including, but not limited to, variability of order flow, future economic conditions, competitive products and pricing, new product development, the delivery of product under existing contracts and other factors. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements made above is contained in the following documents on file with the U.S. Securities and Exchange Commission: the company's Registration Statement on Form SB-10, filed January 13, 2000; its Form 10-KSB for the year ended December 31, 2006; and Quarter Reports for Form 10-QSB.
About Thunderbird Resorts, Inc. -- http://www.thunderbirdresorts.com/
Thunderbird Resorts, Inc. is a leading international provider of branded casino entertainment through operating subsidiaries. Since its beginning in Guatemala in 1997, Thunderbird has grown through development of new properties, expansions and acquisitions. Thunderbird Resorts is focused on being the most successful recreational property developer and operator in each of our markets by creating genuine value for the community, our employees and shareholders. We achieve this mission by offering customers dynamic, themed and integrated resort venues anchored by casinos. Additional information about the Company is available on its World Wide Web site at http://www.thunderbirdresorts.com/.
