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Aristocrat Technologies Extends Global Payment Contract21 May 2003HAUPPAUGE, New York --(Press Release) -- Global Payment Technologies, Inc. (NASDAQ:GPTX), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries today announced that it has received a one-year extension of its Supply Agreement (the "Agreement") with Aristocrat Technologies Australia Pty Ltd. ("Aristocrat"), through its affiliate Global Payment Technologies Australia Pty Ltd. ("GPT-Australia"). Aristocrat, a Sydney, Australia based company, is the second largest manufacturer of gaming machines in the world, and the leader in the substantial Australian gaming market. The Agreement calls for GPT to be the "Most Favored Supplier" for the Australian, New Zealand and South African gaming markets and, as such, GPT will be the currency validating equipment used as the standard by Aristocrat in its gaming machines for these markets. Thomas McNeill, GPT's Vice President and CFO, said, "Beginning in 1995, Aristocrat and GPT have forged a close working relationship that began with the development of GPT's Generation II product. Since that time, our sales, marketing and engineering departments have continued to work closely to create a mutually beneficial partnership, which includes local sales, service and support provided by our affiliate, Global Payment Technologies Australia Pty Ltd. This one-year extension of the Agreement, which covers the period through July 8, 2004, will provide Aristocrat with what we believe to be the "Best Service in the Industry" and is a natural progression of our long-standing business relationship that spans more than eight years. We are pleased to continue to supply Aristocrat, one of the leading gaming companies in the world and the premier gaming company in Australia, with what GPT believes to be the best note validation equipment available today." Global Payment Technologies, Inc. is a United States-based designer, manufacturer, and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT's proprietary and patented technologies are among the most advanced in the industry. Aristocrat Leisure Limited (Aristocrat) - (ASX: AU:ALL) is the leading supplier of gaming machines in Australia and the largest gaming systems Company in the world. Founded in 1953, the Company has 1700 employees and holds more than 100 licenses and/or regulatory approvals throughout the world (including the US), serving customers in 20 countries. Aristocrat has applied for more than 1400 patents, trademarks and designs and has been named "Innovator of the Year" by Business Review Weekly magazine. The Company pioneered the industry move to video technology and supplies its customers with multiple platforms through multiple delivery systems. |