On the topic of the debt refinancing, President and CEO
"Owning our Corporate Headquarters, which will provide approximately 30,000 square feet of office space and over 70,000 square feet of manufacturing/warehouse space, is another step in implementing our strategy to expand the VLT and slot machine business segments for GameTech. It will also increase our capacity to house bingo equipment, thus being able to respond quickly to the growing needs of our domestic and international customers", stated Mr. Meilstrup.
Additional information about the facility purchase and financing will be contained in GameTech's Form 8-K to be filed with the SEC.
GameTech International, Inc. is in the business of designing,
manufacturing, and marketing computerized bingo and gaming equipment, systems,
and services. Under the GameTech(R) brand the company provides electronic
bingo systems and equipment, and is an innovator in advanced wireless gaming
applications and devices. Under the Summit Gaming (TM) brand the Company
provides video lottery terminal devices, Class III gaming machines, and
related software and content. GameTech International, Inc. serves customers
in 43 U.S. States,
Statements in this press release that are not historical facts are intended to be forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. GameTech cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include risks associated with doing business in a regulated industry, our ability to retain customers and secure new customers, risks associated with rapid technological change, and those disclosed in documents filed by the Company with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. GameTech does not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances.
SOURCE GameTech International, Inc.