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GPT to Showcase Falcon Currency Validator at Global Gaming Expo in Las Vegas November 14-16.


LAS VEGAS -- Global Payment Technologies, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 SYMBOL:GPTX) a United States-based designer, manufacturer and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide, announced today that it will be unveiling new products and services at the Global Gaming Expo Global Gaming Expo (G2E) is an annual gaming trade show held in Las Vegas, Nevada, generally in November, at the Las Vegas Convention Center. The show is one of the two major gaming trade shows.  which takes place November 14-16 at the Las Vegas Convention Center The Las Vegas Convention Center is owned and operated by the Las Vegas Convention and Visitors Authority and is located in Clark County, Nevada. It is one of the largest Convention centers in the world. At the end of 2004, the center had 3. . GPT GPT glutamic-pyruvic transaminase; see alanine transaminase.

GPT
abbr.
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GPT

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 will be in booth #3293.

One of the products GPT will be rolling out is its Falcon currency validator which uses Digital Signal Processor A digital signal processor (DSP) is a specialized microprocessor designed specifically for digital signal processing, generally in real-time computing. Characteristics of typical Digital Signal Processors
  • Designed for real-time processing
 (DSP) technology to achieve fast, reliable bank note recognition. With GPT's proven, patented RGBI RGBI Red Green Blue Intensity
RGBI Rgb Intensity
 optical technology, Falcon can validate currency from most countries.

Stephen Nevitt, 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.  of GPT said, "GPT continues its history of innovation in the currency acceptance marketplace with these new products and innovations which will permit growth in our distributor networks and our global sales offices. We intend to focus our marketing and targeted advertising on the OEM's and casino operators to reinvigorate interest and educate the market regarding our new products. "

Mr. Nevitt continued, "Our new management team is in place and has hit the ground running with our new product initiatives. We intend to take advantage of GPT's global presence and strong brand recognition in the currency validator market and to capitalize on our long standing customer relationships as we move forward with our new products. We will also be developing these new products to compete in the vending, transportation, retail and kiosk markets."

Global Payment Technologies, Inc. is a United States-based designer, manufacturer and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT's proprietary and patented technologies are among the most advanced in the industry. Please visit the GPT web- site for more information at http://www.gptworld.com

Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning 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 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: Statements regarding the Company's strategy, future sales, future expenses and future liquidity and capital resources; dependence on a limited base of customers for a significant portion of sales; GPT's dependence on the paper currency validator market and its potential vulnerability to technological obsolescence ob·so·les·cent  
adj.
1. Being in the process of passing out of use or usefulness; becoming obsolete.

2. Biology Gradually disappearing; imperfectly or only slightly developed.
; the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; possible risks of product inventory obsolescence; regulatory approval; potential manufacturing difficulties; potential shortages of key parts and/or raw materials; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in GPT's Securities and Exchange Commission filings.
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Publication:Business Wire
Date:Oct 31, 2006
Words:485
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