Acres Gaming Awarded New Patent; Files Second Lawsuit Against Casino Data Systems and Mikohn Gaming Corporation.CORVALLIS, Ore.--(BUSINESS WIRE)--Nov. 18, 1998--Acres Gaming (Nasdaq:AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) ) today announced that it has filed an additional patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. lawsuit in U.S. District Court in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. against Casino Data Systems, Inc. (Nasdaq:CSDS CSDS Cluster Science Data System CSDS Center for Secure and Dependable Systems CSDS Center for the Study of Democratic Societies CSDS Cardiovascular System Dynamics Society CSDS Cache Satellite Distribution System CSDS Control Speed Drive Starter ) and Mikohn Gaming Mikohn Gaming manufactures slot machines with a skill element in their bonus round. Some of the slot machine games produced by Mikohn gaming include:
The suit is based on U.S. Patent No. 5,836,817 (the "817 Patent"), which was issued yesterday, and U.S. Patent No. 5,820,459 (the "459 Patent") which was issued last month, both to Acres Gaming. Acres Gaming is seeking to stop the infringement by defendants and to recover damages. This suit is in addition to a patent infringement suit filed in May 1998 by Acres against CDS and Mikohn on previously issued Acres patents. The '817 Patent protects a method of operating gaming machines in which the casino is able to preselect pre·se·lect tr.v. pre·se·lect·ed, pre·se·lect·ing, pre·se·lects To select beforehand, usually according to a specific criterion. pre which games participate in a variety of bonusing promotions such as linked progressive jackpots or linked random bonuses; the '459 Patent protects a networked gaming bonusing system. These are the fifth and sixth patents issued which protect the Company's Acres Bonusing System(TM). "We value our patent portfolio and intend to continue to aggressively assert it against known infringers. Mikohn's MoneyTime(R) system and CDS' ProTURBO progressive jackpot module infringe the '817 Patent, and MoneyTime(R) additionally infringes the '459 Patent," stated Gerald D. Haynes, vice president, Corporate Counsel. "We anticipate that additional patents will issue which will allow us to take further action against CDS, Mikohn and possibly other infringers, including filing additional lawsuits, if necessary." Acres Gaming provides products and services to gaming equipment manufacturers and casinos worldwide, using its proprietary Acres Bonusing Technology to increase player enjoyment and casino efficiency and profitability. The company has offices in Corvallis and Las Vegas. The discussion in this press release regarding litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and pending patent applications contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended) that involve risks and uncertainties, including the risks of litigation, the possibility that issuance of additional patents may not occur as anticipated, technological or market changes may make such patents less valuable, changes may occur in federal or state laws or the administration of such laws, and the other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 1998. Actual results may differ materially from the forward-looking statements. |
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