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- CHARLOTTE -- PokerTek, Inc. (NASDAQ:PTEK) has received regulatory product approval from the Michigan Gaming Control Board to distribute the PokerPro(TM) system in the State of Michigan. PokerPro(TM) is the first automated poker table to receive approval in Michigan.
"This approval allows us to finalize contract negotiations with several commercial casinos in the State of Michigan. We are very excited about this approval, and are looking forward to receiving additional approvals in other jurisdictions in the coming months," said Lou White, Chief Executive Officer of PokerTek.
PokerTek is also happy to announce that Lou White, the Company's Chief Executive Officer and Chris Daniels, the Company's Chief Financial Officer will be presenting at ONTRACK 2006, a small cap Investor conference hosted by Noble Financial Group. The event will be held September 26th through the 28th at Ballantyne Golf and Spa Resort and Lowe's Motor Speedway in Charlotte, North Carolina. The presentation is scheduled at 8:45 a.m. E.D.T. on September 28, 2006. The audio portions of the presentation will be simultaneously webcast and available at www.ontrack06.com and on PokerTek's website at www.pokertek.com.
About PokerTek, Inc. PokerTek, Inc. (NASDAQ: PTEK), headquartered in Charlotte, NC, develops and markets the PokerPro(TM) system, an electronic poker table that provides a fully automated poker room environment. The PokerPro(TM) system was developed to increase casino revenue by increasing hands per hour, while reducing labor costs within poker rooms. PokerTek's Intellectual Property currently consists of twenty-six patents pending covering various aspects of the PokerPro(TM) system. For more information please visit the company's website at www.pokertek.com or contact Becca Bernstein at 704.849.0860 x119.
This presentation contains forward-looking statements 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. Statements expressing expectations regarding our future (including pending gaming and patent approvals) and projections relating to products, sales, revenues and earnings are typical of such statements and are made under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently.
All forward-looking statements are subject to the risks and uncertainties inherent in predicting the future. You should be aware that although the forward-looking statements included herein represent management's current judgment and expectations, our actual results may differ materially from those projected, stated or implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, the further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by governmental authorities, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur except as required by the federal securities laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
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