Multimedia Games Reports Installed Base of Player Terminals and Product Mix at January 31, 2007.AUSTIN, Texas -- Multimedia Games, Inc. (Nasdaq: MGAM MGAM Multimedia Games ) today reported its total Oklahoma player terminal installed base and product mix as of January 31, 2007, and provided an update on other markets the Company serves. Installed Base / Product Mix Update The table below sets forth Multimedia Games' ("Multimedia's") end-of-period installed player terminal base by product line or market for the months ended January 31, 2007 and December 31, 2006. [TABLE OMITTED] The "Reel Time Bingo," "Total Class II Units" and "Total Units" totals as of January 31, 2007 reflect in part the removal of 203 units from non-Oklahoma tribal gaming facilities in January 2007, 174 of which were removed from one facility in California. Multimedia's installed base in California as of January 31, 2007 was 1,368 units. The Company had units installed at five locations in Mexico as of January 31, 2007 and December 31, 2006. Oklahoma Market: The table below breaks out by product line Multimedia's end-of-period, Oklahoma installed player terminal base for the months ended January 31, 2007 and December 31, 2006. [TABLE OMITTED] The Company is in the process of transitioning its Oklahoma linked, standard sequence bingo games and server-based compact games installed base to one-touch, stand-alone offerings. As previously reported, adverse weather in January slowed the pace of the Company's game conversions in the market, and Multimedia currently expects that the transition of the vast majority of the Oklahoma installed base to stand-alone games will be completed by early in the second half of calendar 2007. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Video Lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. Market: In the New York Lottery market, Multimedia provides the central determinant determinant, a polynomial expression that is inherent in the entries of a square matrix. The size n of the square matrix, as determined from the number of entries in any row or column, is called the order of the determinant. system for video lottery terminals A Video Lottery Terminal or VLT is a gaming machine that allows gamblers to bet on the outcome of a video game. A VLT is similar to a slot machine, except that it is connected to a centralized computer system that determines the outcome of each wager using a random ("VLTs") at racetracks in the state, for which it receives 0.75% of the net gaming win for all units installed on the system. As of January 31, 2007, there were approximately 11,300 installed VLTs at racetracks in the state, compared with approximately 11,200 units as of December 31, 2006. The Company expects 1,500 additional VLTs will come online in New York State by March 31, 2007. About the Company Multimedia Games is a leading developer and supplier of comprehensive systems, content, electronic games Electronic Games was the first video game magazine published in the United States and ran from 1981 to 1985. Co-founded by Arnie Katz, Joyce Worley and Bill Kunkel, it is unrelated to the subsequent Electronic Gaming Monthly. and player terminals for the Native American gaming market, as well as for the casino, charity and international bingo, video lottery, and sweepstakes sweepstakes, contest or race, usually a horse race, on which a lottery is run. Prizes are awarded to the holders of winning tickets. In the case of a horse race, the draw is made from the names of all the horses entered in the race and vast numbers of blanks. markets. The Company's ongoing development and marketing efforts focus on gaming systems and products for use by Native American tribes throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the commercial casino market, video lottery systems and other products for domestic and international lotteries United Kingdom
Cautionary Language This press 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. based on Multimedia's current expectations. The word "expects" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. as they relate to Multimedia are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Multimedia, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to: (i) the risk that Multimedia's transition of the vast majority of its Oklahoma installed base to stand-alone games will not be completed by early in the second half of calendar 2007 and (ii) the risk that the 1,500 additional VLTs Multimedia expects to come online in New York by March 31, 2007 will not come online in the number or on the schedule Multimedia expects. Other important risks and uncertainties that may affect Multimedia's business and operations are detailed from time to time in the "Certain Risks" and "Risk Factors" sections and elsewhere in Multimedia's filings with the Securities and Exchange Commission. Multimedia disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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