Genesis Gaming Solutions and Ameranth resolve of patent infringement lawsuits

LAS VEGAS -- (PRESS RELEASE) -- Genesis Gaming Solutions, Inc. and Ameranth, Inc. are pleased to announce that they have reached a mutually acceptable resolution of two patent infringement lawsuits pending in U.S. Federal Court in the Central District of California involving Ameranth's U.S. Patent Nos. 7,431,650, 7,878,909 and 8,393,969 and Genesis's BRAVO product line. As part of the confidential settlement, Ameranth and Genesis have each agreed to dismiss their respective claims in the two lawsuits. In addition, Ameranth has granted Genesis and its casino customers a long-term license and covenant to not sue under the three patents and all pending patent applications for all current and future BRAVO products.

"We are very pleased to have resolved our long dispute with Ameranth," said Randy Knust, President of Genesis. "We believe this settlement is really good news for Genesis and our current and future casino customers. By removing the uncertainty of legal reviews and prolonged court actions, it allows us to focus on growing our business and expanding our product line."

"We too are extremely pleased to have reached a mutually satisfactory resolution with Genesis and to have this dispute behind us," said Keith McNally, President of Ameranth. "Looking forward, we will fully support the Genesis Bravo product line in the gaming/poker room market. Backed by our patents and our intellectual property, and with the breadth, depth and excellence of their product line, we believe Genesis offers the very best ­near- and long-term choice for casinos and poker rooms worldwide."