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International Game Technology Acquires Assets of Progressive Gaming International

Posted on: Tuesday, 20 January 2009, 07:00 CST

LAS VEGAS, Jan. 20 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) announced today that it has acquired certain operating assets of Progressive Gaming International Corporation (PGIC). The global operations of PGIC will be integrated with IGT's respective offices in Europe, Asia, Australia, Latin America, Canada and the U.S.

IGT Executive Vice President of Product Strategy, Rich Schneider said, "We are very excited about the opportunity that this transaction provides to IGT. The PGIC system product line is designed for somewhat different market segments as compared to our current IGT Advantage(R) line. As such, the technology is an ideal complement to our current offering, allowing us to immediately increase our system install base, while providing us with a more complete product offering for future sales opportunities. Further, this gives us the ability to better service the PGIC system install base with our server-based sbX(TM) system offering."

International Game Technology (www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.

Statements in this release, which are not historical facts, are "forward-looking" statements under the Private Securities Litigation Reform Act of 1995. Although IGT believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update forward-looking statements to reflect future events or circumstances.

Information on risks and factors that could affect IGT's business and financial results are included in our public filings made with the Securities and Exchange Commission.

SOURCE International Game Technology

Source: PR Newswire

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