VendingData(TM) Corporation (Amex: VNX), received its first casino chip orders following the recently completed acquisition of RFID enabled casino chip developer, Dolphin Advanced Technologies PTY Ltd., ("Dolphin"), on July 12, 2006. VendingData noted that it has received follow-on orders for its Dolphin Gaming chips from Galaxy Starworld Casino, Sydney's Star City Casino, Crown Casino Melbourne and SKYCITY, Adelaide.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO )
Simon Herbert, VendingData's Global VP of sales commented, "We're delighted in the confidence that leading casino operators have shown in the assimilation of Dolphin into VendingData Corporation through uninterrupted ordering. Dolphin's traditional chip business has historically generated several million casino chip sales per year, at attractive margins. Given this current trend in orders, VendingData will be able to fully recognize this revenue stream in addition to the outstanding opportunity we have in marketing our new Dolphin high frequency (13.56 MHz) RFID Casino Chips. Our first RFID casino chip order for 500,000 units was received on April 2, 2006. We have now received an additional follow-on order for the Dolphin RFID chip from Galaxy Starworld Casino and expect to ship this order during the current quarter."
Simon added, "The Dolphin Casino Chip is a high precision product which has been supplied to casinos in virtually every country, excluding the United States. Forward-thinking casino operators are now beginning to embrace RFID technology and the benefits it offers in terms of increased security, rapid accounting capabilities and enhanced player tracking. The VendingData(TM) Dolphin High Frequency RFID Casino Chip employs a patented embedding process, the most reliable and cost-effective on the market. The Dolphin gaming chip, benefiting from worldwide acceptance and 10 years product refinement, is the perfect vehicle for the RFID technology."
About VendingData(TM) Corporation
VendingData Corporation is a Las Vegas-based developer, manufacturer and distributor of innovative products for the gaming industry. The company's products include the Deck Checker, PokerOne and RandomPlus shuffler lines. VendingData's newest innovative products include the ChipWasher and high- frequency RFID Casino Chips. The company's customers include mega-gaming corporations such as Caesars Entertainment, MGM Mirage, Station Casinos, and Boyd Gaming as well as major casinos such as The Venetian, Foxwoods Resort Casino and the world's largest poker room, Commerce Casino. International customers include casinos in Argentina, Columbia, Korea, Macau, Malaysia, Peru, United Kingdom, and Uruguay. Visit the VendingData Web site at http://www.vendingdata.com.
This release contains forward-looking statements. Such statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, customer and casino acceptance of the new game, regulatory approvals of the new game and the risks and factors described from time to time in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to the Company's Form 10-QSB for the quarter ended March 31, 2006, and, the Company's Annual Report on form 10-KSB for the year ended December 31, 2005.
Contact: Company Contact:
Michelle Glenn
VP Marketing
VendingData(TM) Corporation
702-733-7195
mglenn@vendingdata.com
or
Investor Contact:
Yvonne L. Zappulla
Managing Director
Wall Street Investor Relations Corp.
212-681-4108
Yvonne@WallStreetIR.com
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