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Coinless Systems, Shuffle Master Signs Licensing Agreement8 July 2002LAS VEGAS, Nevada – (Press Release) -- Coinless Systems Inc. (OTC Bulletin Board: CLSY), a leading developer, manufacturer and supplier of coinless technology and products for the gaming industry, announced today that the Company has signed a licensing agreement with Shuffle Master, Inc. (Nasdaq: SHFL). Under the licensing agreement, Shuffle Master, Inc. is licensed to use Coinless Systems' patented Scan After Print technology in slot machines manufactured by Shuffle Master, Inc. In the agreement, Coinless Systems grants Shuffle Master, Inc. a non-exclusive license to use devices within the scope of Coinless Systems U.S. Patent No. 6,012,832. The UVASHIELD coating on Coinless Systems gaming tickets protects the ticket against sun, light, alcoholic beverages, and water damage as well as increasing the life of the printers with less wear and tear on print heads. "We have observed Shuffle Masters' development as a leading gaming supplier over the last few years and are excited about this relationship with a quality company within the gaming industry. As I have stated before, we anticipate 2002 to be our best year in the history of the company," commented Dennis Sorenson, CEO of Coinless Systems Inc. Shuffle Master, Inc., is a gaming supply company specializing in providing innovative, high quality products and services to the casino industry, including card shufflers and other table gaming equipment, table games, video and slot games, and new gaming technology. Shuffle Master's respected position in the gaming industry is a result of its superior products and support with a level of customer service unparalleled in the industry. Shuffle Master will, through product innovation, superior quality and service, be a leading contributor to the gaming industry. Coinless Systems Inc. is a Las Vegas, Nevada based developer, manufacturer and supplier of coinless technology and products for the gaming industry. Its principle products are tickets for coinless gaming machines and Scan After Print technology, a patented process that instantly verifies and ensures the accuracy of bar coded tickets at the slot machine as well as the cashier cage. Coinless Systems currently has signed manufacturing or licensing agreements with Money Controls, Tekbilt, Innovative Gaming Corporation of America (Nasdaq: IGCA - News), WMS Gaming (NYSE: WMS), Konami Gaming, International Gaming Technology (NYSE: IGT) and Seiko Instruments USA / Futurelogic. |