Casino Data Systems' Chairman and CEO, Steven A. Weiss, Featured on CEOcast.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 8, 2000 Casino Data Systems (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 ) announced today that Chairman and Chief Executive Officer, Steven A. Weiss, was featured on CEOcast. Weiss discussed the Company's strong financial performance in Q2 2000 as well as the Company's outlook for the future. In the second quarter ended June 30, 2000, CDS reported record quarterly operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. and its third-highest revenue quarter ever. The Company also reported key financial highlights such as $0.17 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. vs $0.11 for the same quarter in the prior year, and its strong balance sheet including over $40 million in cash, no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. , and total assets of $117.6 million. The Company is continuing to build its intellectual property portfolio. CDS has recently received patents for its Bandit bandit: see brigandage. (TM) Technology, Cooperative Group Gaming System, and Automated Tournament Gaming System. "CDS has enjoyed many recent successes, with record financial performances and the development of technology and products that enhance both player and operator experiences," said Weiss. "Our future looks bright as we look forward to implementing our strategies in both our core systems and games arenas." Casino Data Systems is preparing to launch its newest recurring revenue product, Jackpot Bingo(TM). Based on CDS' popular Bandit(TM) platform of multimedia technology, Jackpot Bingo is a multi-site progressive link featuring a five-reel, 15-payline video slot game with a wager of up to 30 credits and a high hit frequency base game. Jackpot Bingo also includes a high-paying bingo card Bingo cards are used to play various bingo games, including U.S. style bingo and UK style Housie. Cards are usually made of cardboard or non-reusable paper, but more and more bingo halls are beginning to use computerized cards. bonus round as well as two rapid hit progressive jackpots, giving players more ways to win. The live interview can be accessed on the Internet at http://www.ceocast.com. About CEOcast CEOcast is the premier source of original and syndicated streaming broadcast interviews of CEOs at public and private news-making companies. Organized by industry, its analysts average more than 15 years' experience covering and evaluating Wall Street's leading companies. CEOcast's programming is distributed to millions of online investors at more than 700 financial Web sites as well as to more than 20,000 portfolio managers, buy-side analysts Buy-side analyst A financial analyst employed by a nonbrokerage firm, typically one of the larger money management firms that purchases securities on its own account. and traders at more than 3,300 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. institutions. Content is also disseminated to more than 7,000 investment research professionals representing more then 425 institutions. All content is copyrighted to protect the company's licensing partners. About Casino Data Systems Casino Data Systems is a leading designer, manufacturer and distributor of innovative, technology-driven products for the gaming industry. The Company's diversified product line reaches into virtually all facets of the casino floor, including casino management systems, games and meters, multiple site progressive systems and casino signage. For more information, visit the Company's website at www.csds.com. Forward-looking statements (statements which are not historical fact) in this release are made pursuant to the 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. provisions of 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including the following: changes in economic conditions, general competitive factors, the Company's ability to execute its service and product sales plans and uncertainties detailed in the company's filings with the Securities and Exchange Commission. |
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