CashTek settles with the Victorian TAB and related parties.MELVILLE, N.Y.--(BUSINESS WIRE)--Jan. 6, 1995--CashTek Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). "CAHT CAHT Coalition Against Human Trafficking "), today confirmed a Dec. 28, 1994 announcement by that it has settled claims against the Totalizator Agency Board Totalizator Agency Board in Australia and New Zealand, universally shortened to TAB, is the name given to monopoly totalisator organisations. All were originally government owned, but now many of the Australian ones were privatised in the 1990s. (TAB) of Victoria, Australia, TABCORP Holdings Tabcorp Holdings is an Australian company with interests in gaming and wagering. It was formed through the privatisation of the Victorian Totalizator Agency Board (TAB) in 1994. , Ltd. and TABCORP Manager Pty. Ltd., a subsidiary of TABCORP. Edward C. Lee, Chairman & 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. of CashTek said, "The settlement with TAB, TABCORP and TABCORP Manager Pty. Ltd., will permit the establishment of a friendly relationship among the entities and may lead to other opportunities in the future. In addition, CashTek now can focus on the completion of its turnkey Multi Action 5 Gaming System as well as marketing its proprietary cashless wagering software and comprehensive gaming system more aggressively." CashTek, based in Melville, is engaged in the development and marketing of cashless technology for use in casino, gaming and other industries. CONTACT: CashTek Corp.
Mitchell G. Menik
516/756-1717
Fax 516/756-2350
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