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Multimedia Games reports update16 May 2007USTIN, Texas -- (PRESS RELEASE) -- Multimedia Games, Inc. (Nasdaq:MGAM) today reported its total Oklahoma player terminal installed base and product mix as of April, 2007, and provided an update on other markets the Company serves. Installed Base / Product Mix Update: The table below sets forth Multimedia Games' ("Multimedia's") end-of-period, installed player terminal base by product line or market for the months ended April 30, 2007 and March 31, 2007. Total Mexico Reel Class Oklahoma Electronic Month Time II Compact Bingo Charity Total Ended Bingo Legacy Units Units(1) Units Units Units ----------- ------- ------ ------- -------- ---------- ------- ------- 4/30/2007 4,766 353 5,119 3,815 1,642 2,569 13,145 3/31/2007 5,354 353 5,707 3,662 919 2,588 12,876 ----------- (1) "Oklahoma Compact Units" represents installations of games pursuant to the approved gaming compact between Native American tribes, racetracks and the State of Oklahoma, including Multimedia's and other vendors' stand-alone games. The Company had units installed at seven locations in Mexico as of April 30, 2007 and at five locations as of March 31, 2007. Oklahoma Market: Consistent with its strategy to optimize net gaming revenue, the Company is in the process of transitioning its Oklahoma linked, standard sequence bingo games and server-based compact games installed base to one-touch, stand-alone offerings. The table below breaks out by product line Multimedia's end-of-period, Oklahoma installed player terminal base for the months ended April 30, 2007 and March 31, 2007. Total Other Total Month Class II Stand-Alone Compact Compact Total Ended Units Units Units(1) Units Units ----------- -------- ------------ ----------- -------- ------- 4/30/2007 2,327 3,027 788 3,815 6,142 3/31/2007 2,915 2,824 838 3,662 6,577 ----------- (1) "Other Compact Units" represents server-based games. As previously disclosed, the monthly sequential reduction in "Total Class II Units" and "Total Units", reflects the removal of approximately 457 Class II units from a southern Oklahoma facility in April related to an agreement whereby Multimedia is providing partial funding for the development of an expansion of this facility, in exchange for which the Company will increase its long-term placements in this facility upon completion of the expansion project. The Company anticipates the removal of a net of 103 additional Class II units from this facility in May, and no additional removals from this facility are planned. The removal of these Class II units was partially offset by placements of 203 stand-alone units at other locations in Oklahoma in April. New York Video Lottery Market: In the New York Lottery market, Multimedia provides the central determinant system for video lottery terminals ("VLTs") at racetracks in the state, for which it receives 0.75% of the net gaming win for all units installed on the system. As of April 30, 2007, there were approximately 12,700 installed VLTs at racetracks in the state. About the Company Multimedia Games is a leading developer and supplier of comprehensive systems, content, electronic games and player terminals for the Native American gaming market, as well as for the casino, charity and international bingo, video lottery, and sweepstakes markets. The Company's ongoing development and marketing efforts focus on gaming systems and products for use by Native American tribes throughout the United States, the commercial casino market, video lottery systems and other products for domestic and international lotteries, and products for charity and international bingo and emerging markets, including sweepstakes, promotional, amusement with prize, and coupon gaming opportunities. |