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GameTech, Texas Lottery Commission Approve Agreement

RENO, Nevada – (PRESS RELEASE) -- GameTech International, Inc. (Nasdaq: GMTC), a leading supplier of electronic bingo equipment, today announced that the Texas Lottery Commission approved an agreement between GameTech and the Commission staff that concludes an investigation by the regulatory agency. The compromise, which calls for GameTech to pay $200,000 plus administrative costs to the Commission, contains no findings of wrongdoing or liability by GameTech. GameTech believes, as it has continuously asserted throughout this matter, that the allegations made were unfounded and that its actions have always been in compliance with Texas law.

Jay Meilstrup, GameTech's President and CEO, made the announcement, stating that the decision to resolve this matter was based on sound business reasoning. "We settled to avoid the further cost and distraction of protracted litigation. GameTech is committed to the Texas market and has put the interests of our distributors, their charitable customers and our stockholders at the forefront with this agreement," said Meilstrup.

According to Meilstrup, "We have worked diligently and cooperatively with the Texas Lottery Commission staff to resolve this matter. We are looking forward to turning our full attention to serving the Texas market and continuing to build our business in charitable gaming in a manner that remains consistent with the Texas regulatory environment and mutually beneficial to our stockholders."

GameTech International, Inc. is a leading supplier of a comprehensive line of electronic bingo equipment, including hand-held bingo units, fixed-base units and turnkey accounting and management software. The Company supports its customers with products it believes increase play, revenues and profits, and software customized to enhance management and operations, all backed by unparalleled customer service and support.

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