LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- TableMAX Gaming Inc., a wholly owned subsidiary of TableMAX Corporation (Pink Sheets: TBLX), a developer of electronic table games (ETG), announced it will be participating in the upcoming Global Gaming Expo (G2E) in Las Vegas, Nov. 18-20. TableMAX will be unveiling electronic versions of two popular felt games soon to be available exclusively on its ETG platform. The exciting new product will be demonstrated in booth 2810.
Company executives will also be participating in the G2E 2008 Conference Program. TableMAX CEO Stephen Crystal will be presenting at the Goldman Sachs Deutsche Bank Gaming Investment Forum (Mon., Nov. 17), and Benjamin Parks, TableMAX VP of Sales, is speaking at the Signature Series: Deal with It: Learning to Love Electronic Table Games (Tues., Nov. 18).
"TableMAX has the exclusive electronic rights to some of the most popular felt table games ever introduced to the gaming industry. For the first time, we will be showcasing Texas Hold 'Em Bonus(R) Poker and Caribbean Draw(R) poker, both in electronic format, exclusively on the TableMAX platform," Crystal said.
TableMAX will introduce the first fully electronic table game version of Texas Hold 'Em Bonus Poker, which traditionally has had the fastest installation trajectory of any proprietary felt table game ever introduced. Texas Hold 'Em Bonus Poker is a new take on a classic game. Playing by standard Texas Hold 'Em rules, the player plays heads-up against the dealer with the option of placing a side bet which provides the chance to win life-changing progressive jackpots.
Rising in popularity around the world, Caribbean Draw(R) Poker is a variation of the classic five-card stud poker allowing the player to discard up to three cards. The game also includes a fifty-cent side bet which is linked to a progressive jackpot.
"The addition of Caribbean Draw poker and Texas Hold 'Em Bonus Poker to our current game library extends our product range, provides existing customers with new content options and increases our ability to enter and capture new markets in the fastest growing segment in the gaming industry," Crystal added. "With the current economic pressures negatively impacting many areas of the industry, we are pleased to see a sharp rise in recent sales activity and confirmed orders. The TableMAX value proposition allows casinos to provide popular table games, around the clock, at the lower end of the betting spectrum. For as little as a fifth of the cost to staff and operate as compared to the games' felt versions, the TableMAX platform has proved to be cost effective for operators, while maintaining the same or better hold percentage."
TableMAX will also be showcasing its widely popular Progressive Blackjack(R), as well as its exclusive electronic version of Caribbean Stud Poker.
Progressive Blackjack(TM) has just been successfully installed in California, for the company's first California install, bringing the placed international and domestic systems to 14 and the confirmed orders to 58.
ABOUT TABLEMAX
TableMAX is engaged in the manufacture, sale and distribution of a patented five-seat, multi-player electronic table game known as the TableMAX(R) System(TM). The TableMAX System is a state of the art multi-player video gaming machine that utilizes patented technology to provide electronic versions of popular traditional casino card games. The TableMAX game library includes Progressive Blackjack(TM) (Gaming Labs certified Sept. 2007), Caribbean Stud(R) Poker (Gaming Labs certified May 2008), Caribbean Draw(R) Poker (currently undergoing lab testing) and Texas Hold 'Em Bonus Poker(TM) (release expected in Q1 2009). To date, TableMAX has placed systems on a recurring revenue basis and outright purchase model. In April 2008, TableMAX launched its initial wide area network offering a progressive jackpot, linking TableMAX Systems in operations at two separate Tribal gaming establishments in Oklahoma. The wide area network is believed to be the first wide area progressive network on an electronic table game available anywhere in the world.
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of the Company and its principal subsidiary, TableMAX Gaming, Inc., which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Paul Speirs, Steinbeck Communications
(702) 413-4278,
