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Gaming Partners Responds to New Alliance15 June 2005LAS VEGAS -- (PRESS RELEASE) -- Gaming Partners International Corporation (Nasdaq:GPIC) commends the acquisition by International Games Technology (IGT) of 50 percent of the two Shuffle Master Inc. (SHFL) patents, on which GPIC retains the exclusive license for the sale of RFID chips and readers in the USA until 2015. IGT's acquisition of these patents and the announcement of the worldwide product integration agreement between IGT, SHFL, and Progressive Gaming International Corporation emphasizes the importance of and is an endorsement for the RFID technology in the gaming industry. GPIC owns several patents for the embedding of RFID microchips in gaming chips as well as the exclusive license on patents now jointly owned by SHFL and IGT for the utilization of RFID chips and readers in the United States for tracking and accounting for RFID embedded gaming chips. GPIC sells RFID chips and readers directly to the casinos for Casino-Currency-Control and components, such as reader boards and antennas, to licensed Original Equipment Manufacturers (OEM) companies making their own pieces of equipment, particularly for players tracking. "GPIC began imbedding RFID microchips (made by Phillips) about ten years ago and has gained unparalleled expertise and success in manufacturing RFID gaming chips. These chips have the exact same feel and quality as the gaming chips familiar to the dealers and gamblers. With RFID chips and readers casinos can control their own currency with total security and efficiency," Gerard P. Charlier, President and Chief Executive Officer of GPIC said. GPIC manufactures these chips under the brand names of Chipsoft(TM) by Paulson, Smartchip(TM) by Bud Jones, and Safechip(TM) by B&G. GPIC has already sold in excess of 3 million of these RFID gaming chips and hundreds of readers to various casinos in Europe, the Far East and in the U.S., including the new Wynn Resort in Las Vegas. The embrace of this technology by these OEM leaders and their new commitment confirms GPIC's long held belief that RFID technology represents the future of the gaming industry. |