ummit, located in Billings, Montana, will operate as a division of GameTech International. It is a leading developer and manufacturer of entertainment driven gaming devices, including video lottery terminal equipment and traditional Class III gaming machines. Summit’s primary markets include Montana, Louisiana, South Dakota, West Virginia and Native American casinos.
"We feel that Summit’s and our two business models are very complimentary and will support our overall business growth," stated Jay Meilstrup, GameTech’s President and CEO. "This acquisition will provide GameTech with the opportunity to significantly expand its product offerings and market presence."
Additional information about the acquisition and financing for the acquisition is contained in GameTech’s Form 8-K filed concurrently with the issuance of this press release.