Acres Gaming Reports Order for Sixth MGM MIRAGE Property; New York-New York Hotel and Casino Follows Recent MGM Grand Order.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 23, 2001 Acres Gaming Inc. (Nasdaq:AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) ) today announced that it has received a deposit of $1.1 million for an order of Acres Advantage(TM) products on which it expects revenues of $2.3 million. The order is for New York-New York Hotel and Casino, The Greatest City 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. (TM), and follows previous orders for Acres Advantage products for five other MGM MIRAGE MGM Mirage (NYSE: MGM) is a Las Vegas, Nevada-based business engaged in the development, ownership and operation of hotels and casinos throughout the world. The company began operations on May 31, 2000 after the completion of a merger of MGM Grand Inc. and Mirage Resorts, Inc. properties: The Mirage mirage (mĭräzh`), atmospheric optical illusion in which an observer sees in the distance a nonexistent body of water or an image, sometimes distorted, of some object or of a complete scene. , Treasure Island Treasure Island search for buried treasure ignited by discovery of ancient map. [Br. Lit.: Treasure Island] See : Treasure , Bellagio, MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand in Detroit and, recently, the MGM Grand in Las Vegas. These orders are part of the International Game Technology contract with MGM MIRAGE to install a combined IGT IGT impaired glucose tolerance. and Acres slot accounting, player tracking and bonusing system in up to 11 MGM MIRAGE properties. "Although the master contract is for up to 11 properties, we receive actual orders into our backlog one at a time as MGM MIRAGE management makes the formal decision to order products for the next property," explained Vince Manfredi, Acres' vice president of Sales and Marketing. "We are pleased that MGM MIRAGE has expressed continued confidence in our products and we look forward to earning the orders for the remaining five properties." Acres Gaming provides products and services to casinos worldwide, using its proprietary Acres Bonusing Technology(TM) to increase player enjoyment and casino efficiency and profitability. Detailed descriptions of the promotions made available by Acres Bonusing(TM), as well as other products offered by Acres Gaming, are available at the company's Web site, www.acresgaming.com. The company has offices in Las Vegas and Corvallis, Ore. The discussion in this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (as defined in Section 27A of the Securities Act of 1933, as amended). Forward-looking statements involve risks and uncertainties and various factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to projected revenues and orders for additional products. The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: the company's suppliers may not be able to meet required delivery schedules for components of the products; the company may not be able to install the products on schedule; the company's products may not operate to the satisfaction of the customer; the systems may not be developed or approved by gaming regulators as planned; as well as the impact of competitive products and pricing, lack of market acceptance, changes in federal or state laws or the administration of such laws; and other risks detailed from time to time in the company's Securities and Exchange Commission 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, 2000. Actual results may differ materially from the forward-looking statements. |
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