Casinovations Inc. Continuous Random Ejection Shuffler Receives Nevada Gaming Control Board Product Approval.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 7, 2000 Casinovations(TM) Inc., today announced the receipt of product approval for the Continuous Random Ejection ejection /ejec·tion/ (e-jek´shun) 1. the act of casting out or the state of being cast out, as of excretions, secretions, or other bodily fluids. 2. something cast out. 3. Shuffler shuf·fle v. shuf·fled, shuf·fling, shuf·fles v.tr. 1. To slide (the feet) along the floor or ground while walking. 2. To move (something) from one place to another; transfer or shift. (TM) from the Nevada Gaming Control Board The Nevada Gaming Control Board, also known as the State Gaming Control Board, is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Commission. It was founded in 1955 by the Nevada Legislature. . The Continuous Random Ejection Shuffler(TM) is an automatic playing card shuffler that utilizes a random number generator A program routine that produces a random number. Random numbers are created easily in a computer, since there are many random events that take place such as the duration between keystrokes. and other features to enhance the cards' shuffle and generate greater player and operator appeal. "The Continuous Random Ejection Shuffler(TM) is completely unique," stated Bob Pietrosanto, president of Casinovations(TM). "It is the only continuous automatic card shuffler that offers casino operators the versatility to deal out of a traditional shoe or a hand-held pitch game." With Continuous Random Ejection Shuffler(TM), all playing cards playing cards, parts of a set or deck, used in playing various games of chance or skill. The origin of playing cards is unknown, and almost as many theories exist as there are historians of the subject. remain in a continuous shuffle, other than a small batch of cards used during play. After play, this batch is returned to the continuous shuffle, and a new batch of restacked cards is used for play. The company believes the Continuous Random Ejection Shuffler(TM) will provide greater player satisfaction and more time-savings through the continuous shuffle. "The visibility of the shuffle has created a new methodology for continuous mode shuffling which is designed to offer greater player interest and acceptance," said Steven J. Blad, chief executive officer and chairman of Casinovations(TM). "Additionally, the monthly rental cost of $395.00 sets a new industry standard that meets the economic needs of casino operators." The company's Shuffler product lines offer the gaming industry the only truly random playing card shuffle available today. The Continuous Random Ejection Shuffler(TM) was developed utilizing the same technology as the company's Random Ejection Shuffler(TM), which is currently in use in more than 80 domestic and international casinos. Casinovations(TM) and VendingData.com(TM) are wholly owned subsidiaries 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. of VendingData(TM) Corp. VendingData(TM) Corp. features the SecureDrop(TM) Slot Accounting Systems product line. Casinovations(TM) distributes the Random Ejection Shuffler(TM), an automatic card shuffler. VendingData.com(TM) offers business-to-business services for the vending machine vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. industry. VendingData(TM) Corp. currently has regulatory approvals for the distribution of its products in multiple domestic and international jurisdictions. This 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. . Such statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the level of consumer or commercial acceptance of the company's existing products and new products as introduced; competitive advances; acceleration and/or deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration of various product development and roll out schedules; higher than expected manufacturing, service, selling, administrative, product development and/or roll out costs; current and/or unanticipated future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; regulatory and jurisdictional issues involving VendingData(TM) Corporation or its products specifically, and for the gaming industry in general; general and casino industry economic conditions; the financial health of the company's casino and distributor customers both nationally and internationally; and the risks and factors described from time to time in the company's reports filed with the Securities and Exchange. |
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