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Table Trac Reports Loss for Q4, 200126 February 2002MINNEAPOLIS, Minnesota – (Press Release) -- Table Trac, Inc. (OTC Bulletin Board: TBTC), a technology company whose patented real-time management system product automates and monitors the operation of casino table games, today reported fourth quarter and year-end results for the periods ended Dec. 31, 2001. Fourth quarter revenues for the period ended Dec. 31, 2001 were $27,220, compared to $20,521 in the comparable period. The net loss was $129,056, or $0.04 per share, compared to a net loss of $85,574, or $0.03 per share. For the year 2001, the company reported revenues of $103,748, compared to $157,901 in 2000. The net loss was $360,893, or $0.10 per share, against a net loss of $146,589, or $0.05 per share. Chad Hoehne, president and CEO, said, ``While we did achieve slightly higher revenues in the fourth quarter, our operating expenses increased, reflecting the continued marketing efforts to bring our patented real-time management system to the gaming casino industry. ``Late last year, we reported the approval by the Washington State Gambling Commission that we did not require licensure as a service supplier. Our subsequent signing of a licensing agreement with Enterprise Information Solutions, Inc., which is based in Washington, to sell and distribute Table Trac products has been moving forward. Enterprise Information is in the process of bringing our system to the attention of the large number of Indian gaming casinos in the state of Washington,'' Hoehne concluded. |