Dec. 18, 2012
(NASDAQ: PTEK) announced today that it has re-entered the
gaming market. Installations of PokerPro have commenced with games in several locations already live and in play.
"We are excited to see PokerPro back on the floor in
, a market which previously represented over 17% of annualized recurring revenue," commented
, Chief Executive Officer.
will begin contributing incremental recurring revenue immediately, with 14 tables representing 140 gaming positions already in place and additional sites in planning for the rest of December and early 2013. Our re-entry into the
market represents a significant catalyst for revenue growth and EPS profitability."
About PokerTek, Inc.:
PokerTek, Inc. (NASDAQ:PTEK) is a licensed gaming company headquartered in
that develops and markets electronic table game solutions for the gaming industry.
Contact: Mark Roberson CEO and CFO PokerTek, Inc. 704.849.0860, x101
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures, and our financial condition, including our ability to maintain sufficient liquidity to operate our business. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.