PRESS RELEASE
HAMDEN, CT –May 24, 2011 – TransAct Technologies Incorporated (NASDAQ:TACT), a global leader in market-specific printers for transaction-based industries, announced today that it has entered into a distribution agreement with Victoria, Australia-based Transcity Pty Ltd.
TransAct and Transcity have previously partnered to supply one of Australia’s premier gambling and entertainment companies with wagering terminals, including TransAct’s Epic 430 printer specifically designed for the customer’s demanding application. Together the two companies have delivered a compelling wagering solution that has exceeded the end-user’s expectations and allowed them to win new business.
“We are pleased to be partnering with Transcity Pty Ltd., which will expand the sales and distribution of our gaming, casino, POS and banking products in Australia, New Zealand and Macau,” said Bart Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “With our continued sales and marketing expansion in this region, we are very pleased to grow our relationship with Transcity, a company dedicated to providing unparalleled customer service.”
Geoffrey McDowell, Managing Director of Transcity Group commented, “We are excited about our new partnership with TransAct Technologies. TransAct has been a strong partner of ours for many years and is a highly respected supplier of exceptional products. The opportunities in the Australasian region are expanding as a result of the continued adoption of Ticket-In, Ticket-Out (TITO) technology. In addition, our existing presence in the POS and banking markets will provide TransAct a new sales channel and growth prospects. Finally, with the opening of our Macau facility, our business is seeing tremendous growth and this alliance with TransAct positions us to provide even greater service and support to our customers in this region.”
About TransAct Technologies Incorporated:
TransAct Technologies Incorporated (NASDAQ: TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, banking, kiosk and point-of-sale.
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