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IGT Forms IGT-Canada

5 Jan 2005

RENO, Nevada – (PRESS RELEASE) -- International Game Technology (NYSE: IGT) today announced the acquisition of substantially all of the assets of its Canadian distributor, Hi-Tech Gaming, and the formation of IGT-Canada, Inc., a new subsidiary that will support sales and service for customers throughout Canada.

Hi-Tech Gaming has been in business since 1987 and has grown to become the leading supplier of gaming equipment and services in Canada, providing the majority of both slot machines and video lottery terminals for the Canadian Gaming Industry.

Most of Hi-Tech's 43-person workforce joined IGT-Canada effective January 1, 2005, subject to all appropriate regulatory notifications and approvals.

Duane Frahm, director of VLT product sales for IGT, has been named managing director of IGT-Canada and will move to Toronto to work out of the IGT-Canada office there. Other former Hi-Tech offices, which will become IGT-Canada offices, are located in Moncton, Montreal and Winnipeg. Hi-Tech principals Owen MacNeil and Bill Hennessey have agreed to serve as consultants to IGT-Canada.

The Canadian gaming and video lottery market has over 80,000 machines in operation in provinces throughout the country.

"We are excited about the new combined organization and welcome Hi-Tech and its employees into the IGT family," said TJ Matthews, IGT CEO. "IGT-Canada will offer Canadian customers the best of both worlds with the same uninterrupted support they have been receiving from Hi-Tech, along with additional resources provided by IGT."

IGT (www.IGT.com) is a world leader in the design, development and manufacture of microprocessor-based gaming and video lottery products and software systems in all jurisdictions where gaming or video lottery is legal.

 
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