12/27/2007
Boothwyn, Pennsylvania – Lightning Poker, Inc., a wholly owned subsidiary of Lightning Gaming, Inc. (Nasdaq:LTGM) today announced that on December 11, 2007 the United States Patent and Trademark Office awarded the company U.S. Patent 7,306,516 entitled "Electronic Game Table” for automated poker tables having a center screen continuously displaying multiple community cards and betting information for each player to all the players. “We are very pleased to see another of our patents issued from our portfolio of pending applications,” said Brian Haveson, Lightning Gaming’s CEO. “This patent protects a critical feature of our automated poker tables, the center monitor, which is a key component to the player experience.”
Lightning Poker’s automated poker table features 10 player station touch screens and a center screen that displays the action of a live game, all wrapped in the type of sophisticated and substantial package expected in a high end casino product. Lightning Poker’s industry-leading 3D graphics and animation including card curls, chip flips, chip slides and sound effects have won wide acclaim. The Lightning Poker automated poker table plays Texas Hold ‘Em, Omaha High, Omaha High/Low and supports Casino Jackpots. Dozens of tables are installed and in constant play around the world. “Only two companies, Lightning Poker and PokerTek (NASDAQ:PTEK), have licensed tables available for distribution in North America.” Said Ryan McLane in Casino City Times. (http://ryanmclane.casinocitytimes.com/articles/32495.html)
About Lightning Poker™
Founded in 2004, Lightning Poker™ designs, develops and markets is the world's premier fully automated electronic poker table and related systems. Distributed exclusively by Shuffle Master, Inc. (NASDAQ:SHFL), the Lightning Poker™ system is a turnkey electronic poker table product. Lightning Poker’s tables decrease casino costs and increases player earnings, while providing an overall entertaining player experience.
This release contains forward-looking statements that are based on management’s current beliefs and expectations about future events, as well as on assumptions made by and information available to management. Lightning Gaming considers such statements to be made under the safe harbor created by the federal securities laws to which it is subject, and assumes no obligation to update or supplement such statements. Forward-looking statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Risk factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: changes in the level of consumer or commercial acceptance of Lightning Gaming’s existing products and new products as introduced; increased competition from existing and new products for floor space in casinos; acceleration and/or deceleration of various product development, promotion and distribution schedules; product performance issues; higher than expected manufacturing, service, selling, legal, administrative, product development, promotion and/or distribution costs; changes in Lightning Gaming’s business systems or in technologies affecting Lightning Gaming’s products or operations; reliance on strategic relationships with distributors and technology and manufacturing vendors; current and/or future litigation, claims and costs or an adverse judicial finding; tax matters including changes in tax legislation or assessments by taxing authorities; acquisitions or divestitures by Lightning Gaming or its competitors of various product lines or businesses and, in particular, integration of businesses that Lightning Gaming may acquire; changes to Lightning Gaming’s intellectual property portfolio, such as the issuance of new patents, new intellectual property licenses, loss of licenses, claims of infringement or invalidity of patents; regulatory and jurisdictional issues (e.g., technical requirements and changes, delays in obtaining necessary approvals, or changes in a jurisdiction’s regulatory scheme or approach, etc.) involving Lightning Gaming and its products specifically or the gaming industry in general; general and casino industry economic conditions; the financial health of Lightning Gaming’s casino and distributor customers, suppliers and distributors, both nationally and internationally; Lightning Gaming’s ability to meet its debt service obligations, including Lightning Gaming’s senior convertible notes, which will depend on its future performance and other conditions or events and will be subject to many factors that are beyond Lightning Gaming’s control; various risks related to Lightning Gaming’s customers’ operations in countries outside the United States, including currency fluctuation risks which could increase the volatility of Lightning Gaming’s results from such operations; and Lightning Gaming’s ability to successfully and economically integrate the operations of any acquired companies or assets. Additional information on these and other risk factors that could potentially affect Lightning Gaming’s financial results may be found in documents filed by Lightning Gaming with the Securities and Exchange Commission, including Lightning Gaming’s current reports on Form 8-K, and in the future quarterly reports on Form 10-Q and annual report on Form 10-K as they become due.
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