Aristocrat, Mikohn Enter Into joint Development/Licensing Agreement.Business Editors & Technology Writers LAS VEGAS--(BUSINESS WIRE)--Oct. 21, 2002 Aristocrat To Supply Hardware For Mikohn Licensed Products; Mikohn Products To Benefit From Advanced MKVI Platform Leading game and system manufacturers Aristocrat Technologies, Inc., 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:
Under the agreement, Mikohn will continue to be responsible for game development and theme licensing; Aristocrat will integrate those games onto Aristocrat's latest game platforms, including the recently developed MKVI platform. The companies will share responsibility for marketing and servicing the games. Initially, Mikohn will supply its Yahtzee(R), Battleship battleship, large, armored warship equipped with the heaviest naval guns. The evolution of the battleship, from the ironclad warship of the mid-19th cent., received great impetus from the Civil War. (R) and Ripley's Believe It or Not!(R) game titles. Additional titles as developed by Mikohn will also be available under the agreement. In addition, the agreement also grants Mikohn the right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. to provide signage, electronics and slot glass for Aristocrat games throughout North America. Aristocrat President Mark Newburg said, "This is a tremendous partnership. Aristocrat has not yet made a large foray into the licensed branding arena, and this deal enables us to explore that side of the business, while simultaneously increasing our recurring revenue base." Mikohn President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Russ McMeekin said, "We are extremely pleased to enter into this agreement with Aristocrat. The deal represents significant benefits to both our companies. The ability to offer our popular branded games on Aristocrat's hardware not only provides a reduction in our cost structure, but also allows both companies to gain market share in new jurisdictions." Many of the games will operate on Aristocrat's MKVI platform, which premiered at this year's Global Gaming Expo Global Gaming Expo (G2E) is an annual gaming trade show held in Las Vegas, Nevada, generally in November, at the Las Vegas Convention Center. The show is one of the two major gaming trade shows. . The platform features more than 16.7 million colors, state-of-the-art graphics that give a 3-D effect, advanced audio clarity, a synchronized 8-track sound/graphics capability and high-resolution screens. Aristocrat, the U.S. subsidiary of global gaming leader Aristocrat Leisure Limited, is responsible for all North and South American operations 'South American' operation Surgical oncology A radical operation for 'frozen' pelvis, which consists of en bloc resection of the uterus and rectum. See Frozen pelvis. Cf 'All-American' and 'North American' operations. from its headquarters in Las Vegas, Nevada. Aristocrat offers a diversified product line that reaches into virtually all facets of the casino floor. In addition to both video and stepper step·per n. 1. One that steps, especially in a fast or spirited manner. 2. Informal A dancer. Noun 1. slots, the company provides casino management systems, multi-site progressive (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) systems, progressive jackpot meters and casino signage. For more information, visit www.aristocrattechnologies.com. Mikohn is a diversified supplier to the casino gaming industry worldwide, specializing in the development of innovative products with recurring revenue potential. Mikohn develops, manufactures and markets an expanding array of slot games, table games and advanced player tracking and accounting systems for slot machines and table games. The company is also a leader in exciting visual displays and progressive jackpot technology for casinos worldwide. There is a Mikohn product in virtually every casino in the world. For further information, visit www.mikohn.com. YAHTZEE and BATTLESHIP are trademarks of Hasbro and is used with permission. (c)2002 Hasbro. All Rights Reserved. "Ripley's Believe it or Not!" is a registered trademark of Ripley Entertainment, Inc. (c)2002 Ripley Entertainment, Inc. All rights reserved. Statements in this release which are not historical facts are "forward looking" statements and "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company's public filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion