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TRIPLE THREAT ENTERPRISES TO CHANGE NAME TO GAMING DEVICES

 TRIPLE THREAT ENTERPRISES TO CHANGE NAME TO GAMING DEVICES
 CRANFORD, N.J., Sept. 3 /PRNewswire/ -- John E. Dell, chairman of the board of directors, president and chief executive officer as well as the largest stockholder of Triple Threat Enterprises, Inc. (NASDAQ: BOXR), announced today that pursuant to the unanimous vote of the board of directors of the company, the company is changing its name and will now conduct business under the name Gaming Devices Funding, Inc.
 Dell indicated that the corporate name change reflects the company's new strategy and desire to provide financial support to video lottery and electronic gaming machine manufacturers in the United States and Europe. Dell stated that as a result of the significant growth in the electronic gaming machine and video lottery industries, there will be unique opportunities for the company. Accordingly, the company intends to accept joint venture and other financing proposals from various manufacturers in the video lottery and electronic gaming machine industries.
 Pending shareholder approval of an amendment to the company's Certificate of Incorporation to effect this name change, the company will file an Alternate Name Certificate with the New Jersey Secretary of State and do business under its new corporate name.
 In announcing this name change, Dell stated that as a result of the company's initial public offering, the exercise of various common stock purchase warrants, and the discontinuance and sale of the company's boxing operations (including the name Triple Threat), the company now has current assets of approximately $9 million and a net worth of approximately $10 million.
 The company's new NASDAQ symbols will be GDFI for its common stock, GDFIU for its units, and GDFIW for its Class A warrants. It is anticipated that the company's new symbols will be effective on or about Tuesday, Sept. 8, 1992.
 -0- 9/3/92
 /CONTACT: Robert DeFilippis, chief financial officer of Triple Threat Enterprises, 908-276-7174/
 (BOXR) CO: Triple Threat Enterprises, Inc.; Gaming Devices Funding, Inc. ST: New Jersey IN: CNO SU:


GK-SH -- NY046 -- 6372 09/03/92 11:30 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 3, 1992
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