Acres Gaming Continues to Aggressively Enforce Its Patent Rights; Acres Gaming Awarded New Patent; Continues Action Against Casino Data Systems and Mikohn Gaming Corporation.CORVALLIS, Ore.--(BUSINESS WIRE)--Oct. 5, 1998--Acres Gaming (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) ) today announced the U.S. Patent and Trademark Office will issue to Acres Gaming U.S. Patent No. 5,820,459, protecting a key technology used in the Acres Bonusing System(tm) in mid-October. This is the fifth patent issued to the Company which protects key elements of the Company's bonusing technology. The Company intends to add the `459 patent into the existing 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 now pending in the 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. between Acres and 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 ); Mikohn Gaming Corporation (Nasdaq:MIKN); and two major Las Vegas area casinos. The `459 patent will be the third Acres patent asserted against these defendants in this suit, which seeks to stop infringement by CDS' ProTURBO(tm) progressive jackpot module and Mikohn's MoneyTime(R) system. Acres has also received notice from the U.S. Patent Office that changes have been made to one of the patents currently at issue in that lawsuit, Acres U.S. Patent No. 5,752,882. The changes to the '882 patent will allow Acres to expand its allegations against Casino Data Systems in that suit. "We have complete confidence in the strength and enforceability of our patent portfolio. We believe that we will ultimately prevail at trial," stated Gerald D. Haynes, Vice President, Corporate Counsel. "Demonstrating this confidence, we have withdrawn our motion for preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. based only on the `882 patent and are instead now seeking an expedited trial on expanded issues relating to all three patents asserted against the defendants." Acres has other patent applications pending, and expects to be able to assert at least some of those patents against CDS or Mikohn when they issue. Acres Gaming provides products and services to casinos and gaming equipment manufacturers worldwide, using its proprietary Acres Bonusing Technology to increase player enjoyment and casino efficiency and profitability. The Company has offices in Corvallis, Oregon and Las Vegas, Nevada. 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 risk of litigation, possibility that issuance of additional patents may not occur as anticipated or will be challenged, 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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