he agreement grants AESI the exclusive right to market and distribute VendingData products within North, Central and South America as well as South Africa, Europe and the Russian Federation.
The rolling two-year agreement, which carries an automatic renewal clause, gives AESI an exclusive, non-transferable right to promote, sell, distribute, service and support VendingData products as well as to appoint mutually agreed sub-distributors in the Americas, Europe and the Russian Federation as well as the non-exclusive right to market, distribute and service VendingData products in the Caribbean.
The initial order to be shipped to AESI will consist of 25 units each of ShufflePro, RandomPlus and Deck Checker with an additional order of a minimum of 25 units of each product no later than January 31, 2008. AESI also agreed not to manufacture, service or distribute any products that compete with the VendingData products for the life of the agreement.
Established in 1955, Suzo International merged with Happ Controls in December 2004 and Advanced Electronic Systems in 2006 to become the global leader in the manufacture and distribution of gaming and amusement parts and accessories. With over 400 employees globally in 18 locations serving customers in over 80 countries, the company generates sales of approximately us$ 150 million annually.
"We entertained partnership opportunities with a number of gaming distributors before we arrived at a decision to enter into contract with AESI and its affiliate companies. We believe we have chosen a company that is committed and highly focused on sales and technical support with impressive distribution capabilities," commented Mark Newburg, president and CEO of VendingData Corporation.
"AESI will provide complete support for all our products including on site training, repair services, field technical support, troubleshooting, installation, maintenance, pick up and delivery service, and a direct exchange program. AESI provides 24/7 same day support via an integrated highly trained team of sales people, field technicians and repair technicians."
"We are proud to have one of the most highly acclaimed product distribution and support systems in the Gaming Industry. Our customer centric sales and service reputation are clear reasons why VendingData chose AESI and affiliates to distribute and service their products around the world," commented Jim Brendel, President of AESI’s gaming division. "We are excited about the opportunity to expand our existing product line offerings to include these table games peripheral products and look forward to launching the ShufflePro and other new products with VendingData over the upcoming year."