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PATRICIA SCHMIDT JOINS GTECH AS SENIOR DIRECTOR OF BRAND LICENSING
WEST GREENWICH , RI - ( February 15, 2005 ) - GTECH Holdings Corporation (NYSE: GTK) announced today that Patricia Schmidt has joined GTECH as Senior Director of Brand Licensing. In this role, Ms. Schmidt will work to define and establish GTECH's content strategy for Gaming Solutions. Ms. Schmidt will also leverage new game content across all facets of GTECH's gaming opportunities including online, instant ticket, interactive gaming, video lottery, and commercial gaming.
The licensing of third party brands is an important element of GTECH's Gaming Solutions strategy. Prior to joining GTECH, Ms. Schmidt held the position of Vice President, Licensing and Promotions for Hasbro, Inc., where she was responsible for consumer product strategic planning and licensing for all Hasbro brands.
"Patricia brings a great deal of experience and established relationships to GTECH and its Gaming Solutions team," said Marc Crisafulli, GTECH Senior Vice President, Gaming Solutions. "Patricia is well-known within the gaming and licensing industries and she is uniquely qualified to further strengthen GTECH's licensing strategy," Mr. Crisafulli continued.
Ms. Schmidt directly managed Hasbro's global gaming business for the lottery and commercial casino industries focusing on key Hasbro brands and working with a variety of manufacturers in the gaming industry.
Prior to her work at Hasbro, Ms. Schmidt held positions as Director of Promotions, Senior Account Manager, Account Executive, and PR and Sales Promotions Manager for various organizations. Ms. Schmidt earned a Bachelor of Arts degree in Economics from Stonehill College in North Easton , Massachusetts , and has attended Executive Development programs at Harvard University .
Certain statements contained in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company identifies forward looking statements by words such as "may," "will," "should," "could," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or similar words that refer to the future. Such statements include, without limitation, statements relating to the prospects and financial outlook for the Company, which reflect management assumptions regarding: (i) the future prospects for and stability of the lottery industry and other businesses in which the Company is engaged or expects to be engaged, (ii) the future operating and financial performance of the Company (including, without limitation, expected future growth in revenues, profit margins and earnings per share), and (iii) the ability of the Company to retain existing business and to obtain and retain new business. Such forward looking statements reflect management's assessment based on information currently available, but are not guarantees and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward looking statements.
These risks and uncertainties include, but are not limited to, those set forth above, in the Company's subsequent press releases and on reports by the Company on Forms 10-K, 10-Q and 8-K, and other reports and filings with the Securities and Exchange Commission, as well as risks and uncertainties respecting: (i) the potential impact of extensive and evolving government regulations upon the Company's business; (ii) the ability of the Company to continue to retain and extend its existing contracts and win new contracts; (iii) the possibility of slower than expected growth or declines in sales of lottery and gaming goods and services by the Company or the Company's customers; (iv) exposure to foreign currency fluctuations; (v) risks and uncertainties inherent in doing business in foreign jurisdictions; (vi) the relatively large percentage of the Company's revenues attributable to a relatively small number of the Company's customers; (vii) the possibility of significant fluctuation of quarterly operating results; (viii) the intensity of competition in the lottery and gaming industries; (ix) the possibility of substantial penalties under and/or termination of the Company's contracts; (x) the ability of the Company to respond to technological change and to satisfy the future technological demands of its customers; (xi) opposition to expansion of lottery and gaming; (xii) the Company's ability to attract and retain key employees; and (xiii) the possibility of adverse determinations in pending legal proceedings.
GTECH, a leading global information technology company with over $1 billion in revenues and more than 5,400 people in over 50 countries, provides software, networks, and professional services that power high-performance, transaction processing solutions. The Company's core market is the lottery industry, with a growing presence in commercial gaming technology and financial services transaction processing. For more information about the Company, please visit GTECH's website at http://www.gtech.com .
