Shuffle Master updates filing date
16 Jan 2008
AS VEGAS, Nevada -- (PRESS RELEASE) -- Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that it expects to file its Annual Report on Form 10-K by Friday, January 18, 2008. The 10-K was due to be filed today. As reported on December 20, 2007 in conjunction with the 12b-25 filed on the same day, this is the first year in which the Company's annual results have been subject to the accelerated 60 day filing requirements. The company also wants to insure that it has adequate time to report for the first time on four distinct product segments (Utility Products, Proprietary Table Games, Electronic Table Systems and Electronic Gaming Machines). It also had to complete the initial purchase price allocation for the recent acquisition of PGIC's table game division, the initial assessment of the disclosure required pursuant to FIN48, the goodwill impairment analysis for each of the four new product segments and the analysis of the PC4 platform amortizable tax asset and related fourth quarter and full year tax benefit at the Company's Stargames subsidiary in Australia.
The Company is not aware of nor does it expect any material changes to the Fiscal 2007 financial statements that it discussed in its January 10, 2008 press release and earnings conference call.