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LVGI names new president

Berkley is a long-time industry veteran, most recently serving as Senior Vice President and Business Manager of Global Gaming and Lottery for TransAct Technologies and as a member of the Board of Directors and Executive Committee of the Gaming Standards Association.

Berkley joins an impressive list of gaming's top names at LVGI, including both former manufacturers and operators, now united to put LVGI at the forefront of innovative gaming technology development. Russell Roth will continue his role as Chairman of the Board, and Bruce Shepard, who has been acting interim CEO, will resume his position as CFO. Top industry names on LVGI's Board of Directors include Terry Caudill, Stephen Crystal, Richard Irvine, Bob McMonigle, among others.

Roth said, "We are thrilled to have Jon lead the LVGI team. His experience, energy and knowledge of the gaming industry are an exciting combination that we believe will translate into an enhanced vision for the company."

Shepard said, "Jon's coming in as President and CEO is a great thing for LVGI as a company and for LVGI as a team. His leadership skills and visionary style are widely known and respected around the world, and he is the perfect person to lead LVGI as the company enters a new and exciting phase."

Berkley said, "Our vision at LVGI is to create the most exciting and innovative technologies in gaming, bringing added value and entertainment to players and operators in jurisdictions around the world. LVGI is a good company, and now we are going to make it a great company, one at the forefront of emerging gaming technologies."

Berkley was integral to the growth and success of TransAct Technologies' Global Gaming and Lottery business, having grown their market share to the dominant position in Europe, Macau and Australia. During his tenure at TransAct, the company was able to secure exclusive contracts with such gaming icons as Harrah's/Caesars, Foxwoods and Wynn.

As was stated in TransAct's quarterly conference call last quarter, for the fiscal year ended December 31, 2006, TransAct's Global Gaming and Lottery business grew overall by 47 percent year over year. The Lottery business grew 65 percent, Global Gaming grew 39 percent, International Gaming grew 34 percent and Domestic Gaming grew 42 percent.

"It was an honor to play a part in the significant gain that we were able to achieve at TransAct, and I now plan to do all that I can to make LVGI a huge success," Berkley said. "PortalVision(TM) and the affiliated modules are fantastic innovations to the gaming sector. Every major gaming operator with whom I have discussed the product see the value proposition immediately and now, with GLI approval and the Nevada product field trial underway, I have no doubt that we are on the verge of significant market penetration. LVGI is a winner, and I am proud to be a part of the team."

Berkley holds a Bachelor's in Economics from Southern Methodist University and a Master's Degree in Business Administration from the Darden School at the University of Virginia.

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