Casino Software Announces Milestone Exclusive Agreement with U.S. Based Shuffle Master, Inc.LAS VEGAS--(BUSINESS WIRE)--June 12, 1996--CSCC Casino Software Corporation (the "Company") is pleased to announce that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Casino Software Corporation of America(TM) (CSCA CSCA California School of Culinary Arts (Pasadena, CA) CSCA Central States Communication Association CSCA Canadian Special Crops Association CSCA Computer Supported Collaborative Argumentation CSCA Centre for the Study of Commercial Activity ) has finalized See finalization. and executed a strategic technology agreement with Minnesota based Shuffle Master, Inc. (NASDAQ-SHFL) that immediately enhances the exposure for the Company's specialized gaming management software. CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) 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. Roland Thomas commented, "This agreement has the very real potential of enhancing our revenue projections due to our ability to quickly interface the CasinoWare(TM) system with the approximately 2,000 Shuffle Master shufflers already installed in more than 250 casinos worldwide. The agreement formalizes a letter of intent signed by both companies in March 1996 under which Casino Software will provide system interfaces and applications software for all models of Shuffle Master's highly reliable card shufflers. The companies will be mutually exclusive Adj. 1. mutually exclusive - unable to be both true at the same time contradictory incompatible - not compatible; "incompatible personalities"; "incompatible colors" to each other's products, and therefore Shuffle Master's systems will only integrate to CasinoWare(TM), and CasinoWare(TM) will not integrate to other shuffling systems. Shuffle Master President Joseph Lahti noted, "This agreement with Casino Software Corporation will allow both companies to provide casino operators with valuable table productivity information using data that is already being captured by our shufflers. We believe that game management software such as Casino Software's will play an important role in the future of gaming." Since their introduction in 1992, Shuffle Master deck shufflers have been shown to increase the number of hands played on gaming tables by up to 33 percent. Comparatively, Casino Software has demonstrated the only complete, fully integrated control solution for casino table gaming. Casino Software's product line CasinoWare(TM) has the potential to significantly increase the efficiency and security as well as the profits of casino table games. In conclusion Thomas stated, "The combined resources and efforts of Casino Software and Shuffle Master will achieve a strong competitive position for both companies in the rapidly growing gaming industry." The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed the contents of this release, and does not accept responsibility for the accuracy of the contents of this news release. CONTACT: CSCC Casino Software Corporation(TM) Thomas Bell Thomas Bell or Tom Bell may refer to:
1-800-933-2773 or CSCC Casino Software Corporation(TM) Lindsay A. MacLeod, (604) 231-8007 1-800-933-2773 |
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