Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), is pleased to announce solidifying a strategic partnership with FutureLogic. The companies will work together on delivering cashless gaming solutions tightly integrated with current product offerings to expand ticketing solutions in North America. “Our partnership with FutureLogic endorses our long term goal to deliver solutions tightly integrated with those of our customers. The partnership also demonstrates our continued commitment to “ticket-based solutions” and operational efficiencies, while assisting operators in enhancing their patrons’ gaming experiences,” commented Scott Betts, Chief Executive Officer of GCA. “We remain 100% focused on the business needs of our customers and understand we must constantly evolve the products and services GCA offers. We are excited about working with technology leader FutureLogic on developing the next generation of highly innovative products and solutions for the industry.” “This strategic alliance creates tremendous synergy between our companies,” stated Eric Meyerhofer, Chief Executive Officer of FutureLogic. “The extensive reach, expertise, innovation, and product suite of GCA is an ideal match with FutureLogic’s state-of-the-art ticket printing and promotional couponing solutions. We are enthusiastic about partnering with GCA and the momentum generated by this new partnership.” About GCA: GCA is a leading provider of cash access products and related services to approximately 1,100 casinos and other gaming properties in the United States, Europe, Canada, the Caribbean, Central America and Asia. GCA’s products and services provide gaming patrons access to cash through a variety of methods, including ATM cash withdrawals, point-of-sale debit card and credit card cash access transactions, check verification and warranty services, and Western Union money transfers. Through Western Money Systems, a wholly owned subsidiary, GCA is a leading manufacturer and distributer of cash handling devices and related software. GCA also provides products and services that improve credit decision-making, automate cashier operations and enhance patron loyalty activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and patron loyalty. More information is available at GCA’s website at www.gcainc.com. About FutureLogic, Inc. Founded in 1983 and headquartered in Glendale, Calif., FutureLogic develops and supplies printing solutions for the gaming industry including high-reliability printer equipment and in-game promotional couponing solutions. As the undisputed leader in super-robust thermal printer technology, FutureLogic is the industry's premier supplier of thermal printers for casino gaming, promotional equipment and kiosk applications. FutureLogic has shipped more than 1.5 million TITO printers worldwide. In July 2004 the company founded FutureLogic Europe, Ltd. to provide direct sales and engineering support for the growing OEM thermal printer markets in Europe. In October 2006 FutureLogic expanded its global support network into the Asia Pacific market, with a new sales and service center in Macau, China. In 2010 FutureLogic further supplemented its service and support platform with the opening of an office in Sydney, Australia, and in 2011 the company expanded its sales and marketing presence to cover South America. More information on the company is available at www.futurelogic-inc.com.
Investors considering a purchase of Global Cash Access Holdings Inc shares, but cautious about paying the going market price of $6.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $5 strike, which has a bid at the time of this writing of 20 cents.