PDS Financial Corporation Signs Licensing Agreement With Action Gaming, Inc.; Agreement Will Allow PDS Gaming To Expand Line Of Digital Table Games

Apr 03, 2001, 01:00 ET from PDS Financial Corporation

    LAS VEGAS, April 3 /PRNewswire/ -- PDS Financial Corporation
 (Nasdaq:   PDSF), d/b/a PDS Gaming, which finances, leases, sells, manufactures
 and refurbishes gaming equipment for the casino industry, today announced that
 it has signed a licensing agreement with privately held Action Gaming, Inc., a
 well-known casino games inventor, that will allow PDS Gaming to expand its
 line of proprietary digital table games.
     Action Gaming is a leader in the creation and design of MULTIPLAY(TM)
 Casino Games and VideoPoker Games.  The company is the patent creator of some
 of the most successful games in the casino industry.  Action Gaming is widely
 known for its highly successful Triple Play(TM) Poker game, which allows a
 casino customer to play more than one hand of video poker at a time.  Some of
 the company's other trademarked games include Five Play(TM) Poker, Ten
 Play(TM) Poker, Fifty Play(TM) Poker, Matrix(TM) Poker, Double Pay(TM) Poker,
 and Spin Poker(TM).  New games for release this year which Action has created
 and designed and are manufactured through major gaming companies include
 Hundred Play(TM) Draw Poker, Millionaire Triple Play(TM) Poker, Chase the
 Royal(TM), and Fast Action(TM) Progressives.  Gaming machines with Action
 products have been installed in most of the major casino facilities throughout
 North America.
     PDS Gaming, under the terms of its licensing agreement with Action Gaming,
 Inc., is granted the sole and exclusive worldwide rights to manufacture,
 market, and distribute Double Play Blackjack(TM) and 21 Stud(TM) games
 utilizing PDS' proprietary Digital Card System(R) ("DCS") technology platform,
 subject to approval by the appropriate gaming regulatory authorities.  Action
 Gaming, Inc. developed and is the owner of patents on Double Play
 Blackjack(TM) and 21 Stud(TM).  PDS Gaming will pay royalties to Action Gaming
 from lease revenue generated by the placement of such games in casinos.
     "We are very pleased to enter into this strategic relationship with Action
 Gaming, which is widely regarded as one of the most innovative game developers
 in our industry," stated Johan Finley, Chairman and Chief Executive Officer of
 PDS Gaming.  "This licensing agreement will allow us to offer unique and
 exciting table games on our DCS technology platform."
     "We believe PDS Gaming's Digital Card System(R) will be an exciting
 addition to the casino table games market," noted Ernest W. Moody, President
 of Action Gaming, Inc.  "With this PDS technology, we have the capacity to
 create very exciting table games, such as playing multiple blackjack hands
 simultaneously, or a blackjack hand followed immediately by a poker hand.  We
 are excited to bring multi-play table games to the casino pit on PDS Gaming's
 platform."
 
     PDS Financial Corporation (d/b/a PDS Gaming) provides customized finance
 and leasing solutions, used and reconditioned gaming devices and digital table
 game products to the casino industry in the United States.  The Company also
 operates a casino in Reno, Nevada.  PDS Financial Corporation is headquartered
 in Las Vegas, Nevada, and its common stock trades on The Nasdaq Stock Market
 under the symbol "PDSF."
 
     This press release includes statements that may constitute "forward-
 looking" statements, usually containing the words "believe," "estimate,"
 "project," "expect" or similar expressions.  These statements are made
 pursuant to the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements inherently involve risks and
 uncertainties that could cause actual results to differ materially from the
 forward-looking statements.  Factors that would cause or contribute to such
 differences include, but are not limited to, changes in regulation of the
 gaming industry, continued acceptance of the Company's products and services
 in the marketplace, competitive factors, dependence upon fourth-party vendors,
 changes in interest rates, and other risks detailed in the Company's periodic
 report filings with the Securities and Exchange Commission.  There can be no
 assurance that products on the DCS platform will be approved for use by the
 various gaming regulatory authorities.  By making these forward-looking
 statements, the Company undertakes no obligation to update these statements
 for revisions or changes after the date of this release.
 
                  For additional information, please contact:
 
  Martha Vlcek, Chief Financial Officer of PDS Financial Corporation d/b/a PDS
                            Gaming at (702) 736-0700
                                       or
   RJ Falkner & Company, Investor Relations Counsel at (800) 377-9893 or via
                         e-mail at info@rjfalkner.com.
 
     Regarding Action Gaming Inc., contact Stephen Grogan at (702) 737-7005
 
 

SOURCE PDS Financial Corporation
    LAS VEGAS, April 3 /PRNewswire/ -- PDS Financial Corporation
 (Nasdaq:   PDSF), d/b/a PDS Gaming, which finances, leases, sells, manufactures
 and refurbishes gaming equipment for the casino industry, today announced that
 it has signed a licensing agreement with privately held Action Gaming, Inc., a
 well-known casino games inventor, that will allow PDS Gaming to expand its
 line of proprietary digital table games.
     Action Gaming is a leader in the creation and design of MULTIPLAY(TM)
 Casino Games and VideoPoker Games.  The company is the patent creator of some
 of the most successful games in the casino industry.  Action Gaming is widely
 known for its highly successful Triple Play(TM) Poker game, which allows a
 casino customer to play more than one hand of video poker at a time.  Some of
 the company's other trademarked games include Five Play(TM) Poker, Ten
 Play(TM) Poker, Fifty Play(TM) Poker, Matrix(TM) Poker, Double Pay(TM) Poker,
 and Spin Poker(TM).  New games for release this year which Action has created
 and designed and are manufactured through major gaming companies include
 Hundred Play(TM) Draw Poker, Millionaire Triple Play(TM) Poker, Chase the
 Royal(TM), and Fast Action(TM) Progressives.  Gaming machines with Action
 products have been installed in most of the major casino facilities throughout
 North America.
     PDS Gaming, under the terms of its licensing agreement with Action Gaming,
 Inc., is granted the sole and exclusive worldwide rights to manufacture,
 market, and distribute Double Play Blackjack(TM) and 21 Stud(TM) games
 utilizing PDS' proprietary Digital Card System(R) ("DCS") technology platform,
 subject to approval by the appropriate gaming regulatory authorities.  Action
 Gaming, Inc. developed and is the owner of patents on Double Play
 Blackjack(TM) and 21 Stud(TM).  PDS Gaming will pay royalties to Action Gaming
 from lease revenue generated by the placement of such games in casinos.
     "We are very pleased to enter into this strategic relationship with Action
 Gaming, which is widely regarded as one of the most innovative game developers
 in our industry," stated Johan Finley, Chairman and Chief Executive Officer of
 PDS Gaming.  "This licensing agreement will allow us to offer unique and
 exciting table games on our DCS technology platform."
     "We believe PDS Gaming's Digital Card System(R) will be an exciting
 addition to the casino table games market," noted Ernest W. Moody, President
 of Action Gaming, Inc.  "With this PDS technology, we have the capacity to
 create very exciting table games, such as playing multiple blackjack hands
 simultaneously, or a blackjack hand followed immediately by a poker hand.  We
 are excited to bring multi-play table games to the casino pit on PDS Gaming's
 platform."
 
     PDS Financial Corporation (d/b/a PDS Gaming) provides customized finance
 and leasing solutions, used and reconditioned gaming devices and digital table
 game products to the casino industry in the United States.  The Company also
 operates a casino in Reno, Nevada.  PDS Financial Corporation is headquartered
 in Las Vegas, Nevada, and its common stock trades on The Nasdaq Stock Market
 under the symbol "PDSF."
 
     This press release includes statements that may constitute "forward-
 looking" statements, usually containing the words "believe," "estimate,"
 "project," "expect" or similar expressions.  These statements are made
 pursuant to the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements inherently involve risks and
 uncertainties that could cause actual results to differ materially from the
 forward-looking statements.  Factors that would cause or contribute to such
 differences include, but are not limited to, changes in regulation of the
 gaming industry, continued acceptance of the Company's products and services
 in the marketplace, competitive factors, dependence upon fourth-party vendors,
 changes in interest rates, and other risks detailed in the Company's periodic
 report filings with the Securities and Exchange Commission.  There can be no
 assurance that products on the DCS platform will be approved for use by the
 various gaming regulatory authorities.  By making these forward-looking
 statements, the Company undertakes no obligation to update these statements
 for revisions or changes after the date of this release.
 
                  For additional information, please contact:
 
  Martha Vlcek, Chief Financial Officer of PDS Financial Corporation d/b/a PDS
                            Gaming at (702) 736-0700
                                       or
   RJ Falkner & Company, Investor Relations Counsel at (800) 377-9893 or via
                         e-mail at info@rjfalkner.com.
 
     Regarding Action Gaming Inc., contact Stephen Grogan at (702) 737-7005
 
 SOURCE  PDS Financial Corporation