Elixir Group Delivers Agreements for a Further 930 Electronic Gaming Machines across Asia.Represents Continuing Growth in the Asian Gaming Market in Which Long-Term Placements of Devices on Participation Model Have Been Secured LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev. & MACAU -- Reflecting continued rapid execution against the plan to secure long-term placements of electronic gaming machines See video game console. on a recurring revenue model in high-growth Asian gaming markets, VendingData Corporation (AMEX AMEX See: American Stock Exchange :VNX) announced today that Elixir elixir /elix·ir/ (e-lik´ser) a clear, sweetened, alcohol-containing, usually hydroalcoholic liquid containing flavoring substances and sometimes active medicinal ingredients. e·lix·ir n. Group Limited ("Elixir") has delivered agreements for the placement of slot machines on a participation basis at the following properties: * 200 at the Paradise Island For the DC Comics fictional island formerly known as Paradise Island, see Themyscira Paradise Island is an island in the Bahamas, north of the island of New Providence which is home to (Nassau). It is best known for the sprawling 'Vegas-by-the-sea resort' Atlantis. Casino in the Clark Special Economic Zone, Philippines; * 250 at the Grand Villa VIP Slot Club in Pateros, Manila, Philippines; * 200 to be placed at Sappa Slot Club in Lao Cai Lao Cai is a city in Vietnam. It is the capital of the Lao Cai Province. The city borders the city of Hekou, in the Yunnan province. , Vietnam; * 80 for LK & S at Siem Reap * 200 for a cruise ship operating in international waters. There are now agreements for long-term placements of a total of 2,194 electronic gaming machines to be placed on a participation basis at twelve venues across the Asian Region. Mark Newburg, 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 VendingData, commented, "Elixir is executing its business plan ahead of expectations, which is clearly to the significant benefit of VendingData shareholders." Gordon Yuen, CEO of Elixir, commented, "With this new agreement, Elixir continues to demonstrate that we can leverage our extensive relationships into new market share for high-margin, recurring revenue electronic gaming machine placements in rapidly expanding Asian gaming markets. International gaming operators now view the Asian region as the single most important market for the growth of gaming. As these and other gaming markets across the Pan-Asian region continue to open and/or expand, Elixir's unique distribution capabilities, partnership network and experience will allow us to rapidly grow our participation installed base in Asia." Additional Information on Elixir Group Limited and Vending Data Corporation Stock Purchase and Product Participation Agreement: In June, Elixir Group Limited and VendingData Corporation entered into a Stock Purchase and Product Participation Agreement pursuant to which VendingData will issue its common shares and warrants to Elixir, subject to certain closing conditions including the approval of VendingData common stock shareholders. The closing of the transaction is expected to occur on September 10, 2007. About Elixir Group Limited Elixir is a major gaming technology solutions provider in Asia. Elixir has formed alliances with leading gaming and technology companies to develop world-class gaming products for the Asia market. Based in Macau, with offices throughout Asia, Elixir is a 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. of Melco International Development Limited, a dynamic conglomerate with a major business focus in Leisure, Gaming & Entertainment. About VendingData Corporation[R] VendingData Corporation is a Las Vegas-based developer, manufacturer and distributor of innovative products for the gaming industry. The company's products include the Deck Checker check·er n. 1. a. One, such as an inspector or examiner, that checks. b. One that receives items for temporary safekeeping or for shipment: a baggage checker. 2. , RandomPlus and PokerOne[TM] shuffler lines, and the Dolphin casino chip product line, which include traditional and high- frequency (13.56 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. ) RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. gaming chips. VendingData's newest innovative products include ShufflePro, the ChipWasher and high-value gaming plaques. In June, 2007 VendingData and Melco International Development Limited ("Melco") subsidiary Elixir Group Limited ("Elixir") announced a further expansion of their strategic alliance pursuant to a Stock Purchase and Product Participation Agreement recently entered into by the parties. The agreement provides that Elixir will have the right to "earn-in" an equity interest in VendingData based on the number of slot machines that are contracted to be placed on participation between VendingData and the gaming operators sourced and identified by Elixir. For more information visit the VendingData Web site at http://www.vendingdata.com. This press release report 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. concerning VendingData and Elixir within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding expectations for the transaction between VendingData and Elixir, including the expected closing of the transaction and the recurring revenue that may develop from the relationship with Elixir, and the Company's expectations for future product revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that Elixir transaction may not be completed in the third quarter of 2007 or at all; risks related to Elixir's inability to place gaming machines at significant levels or at all; and risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Elixir's ability to place games that generate the expected amount of net-win. VendingData cautions readers not to place undue reliance on any forward-looking statements. VendingData does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. |
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