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Multimedia Games Wins Apuestas Internacionales Contract20 March 2006AUSTIN, Texas -- (PRESS RELEASE) -- Multimedia Games, Inc. (Nasdaq: MGAM) announced today that it has been selected by Apuestas Internacionales S.A. de C.V. ("Apuestas"), a subsidiary of Grupo Televisa, S.A. (NYSE: TV), to provide traditional and electronic bingo gaming, technical assistance, and related services for Apuestas' locations in Mexico. Apuestas was granted a permit by the Ministry of the Interior of Mexico to open 65 facilities throughout Mexico to operate bingo and sports books. Pursuant to the agreement, Multimedia Games ("Multimedia") will initially train Apuestas personnel in traditional bingo games, and provide all of the electronic bingo units for the first facility, which is expected to open during the second quarter of 2006. After the initial six months, Multimedia will provide 70% of the units in the establishments opened by Apuestas. During calendar 2006, approximately 10 facilities are expected to come online. Multimedia will place its electronic bingo units in consideration for a percentage of each unit's net win. In addition to providing electronic bingo units and related services, Multimedia will install its MGAMe® System, including full-featured player tracking software, in each of Apuestas' facilities. Clifton E. Lind, Multimedia's President and Chief Executive Officer, commented, "We are honored to enter into this relationship with Grupo Televisa. We look forward to working closely with Apuestas' staff to assist with the development of their traditional bingo games and to meet their electronic bingo requirements. This exciting new market opportunity in Mexico extends our track record in deploying our technology base to further diversify our revenue sources." |