International edition
September 22, 2020

Accordingly, the company's financial outlook remains unchanged

PGI reiterated its position regarding litigation and financial strength

(US).- PGI Corporation issued a press release to provide context to recently published media items regarding its financial strength. It does not expect any cash disbursements in fiscal 2007 related to the previously disclosed Webb litigation, other than normal legal defense costs.

A

s mentioned in previous disclosures, Progressive Gaming International does not expect any cash disbursements in fiscal 2007 related to the previously disclosed Webb litigation, other than normal legal defense costs, and believes it will prevail in its post trial motions in the case. Accordingly, the company’s financial outlook remains unchanged.

The media items published specific excerpts related to the Company’s risk factors disclosed in its Form 10-K for the year ended December 31, 2006. Risk factors are required to be included in public filings and should be considered in the full context of all public disclosures including, but not limited to, quarterly reports, earnings releases, conferences calls and press releases.

Heather Rollo, Chief Financial Officer of Progressive Gaming stated: "We remain confident in our legal, financial and strategic position as outlined in our recent press announcement, quarterly conference call and FAQ posted on our website. As mentioned in previous disclosures, we believe the company is on track to strengthen its balance sheet and return to profitability. We remain in good standing with our lenders, gaming regulatory agencies and other key stakeholders."

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook