FOR IMMEDIATE RELEASE
Contact: Jeff Schweig
678-297-5212
Scientific Games Enters Into New Agreement with Electronic Game Card
Partners agree on 10-year license for lotteries
NEW YORK – May 2, 2007 – Scientific Games (NASDAQ: SGMS) announced today that it has entered into a new exclusive agreement with Electronic Game Card, Inc. (OTCBB: EGMI). Scientific Games will have a 10-year license for the Electronic GameCard™ intellectual property for the worldwide lottery industry. That license will be exclusive in North America and Italy for at least the first three years. This agreement streamlines the sales and manufacturing process and replaces the previous joint venture that has been dissolved as part of the new contract.
“We see great potential in the future of hand-held electronic lottery games and the Electronic GameCard™ is a desirable and customer proven product in this new and expanding lottery category,” said Lorne Weil, Chairman and CEO of Scientific Games. “We consider ourselves a pioneer in the lottery industry, and plan on continuing to do so with successful products like the Electronic GameCard™”
The Electronic GameCard ™ is a pocket sized extended play digital instant lottery ticket. Each GameCard, is about the size of a driver’s license and no thicker than a three credit cards, but is battery powered and loaded with tons of multiple plays. The Electronic GameCard’s ™, electronic play replaces the traditional scratch play on the paper instant tickets. LCD screens on the front of the card display the symbols in a particular play and show whether it has won a prize. The GameCard then aggregates the players wining points that equates to a cash prize claimed like any other lottery instant ticket.
Both the Kansas and Iowa lotteries have offered the Electronic GameCard™ to their players and both resulted in extremely strong sales. After the first five weeks of sales, which totalled $1.1 million and indexed at 238, the Kansas Lottery re-ordered a full quantity of its $20, 80 plays, Electronic GameCards™ branded as Super Sevens.
“This new arrangement offers a win-win opportunity for both our companies as we each will be able to maximize the profitability of future ElectronicGameCard sales. Additionally, our company can now focus its resources on expanding the market for the GameCard into new areas, as Scientific Games devotes its attention to promoting the Electronic GameCard™ within its target Lottery markets,” said Roger Holdom, company spokesperson. “As the technology leader in the lottery industry, Scientific Games is the best possible partner for us, establishing credibility for our GameCard with their reputation for excellence and creativity.”
In 2005, the Public Gaming Research Institute (PGRI) named the EGC as the Lottery Product of the Year during its conference in Las Vegas. The PGRI award recognizes the importance of new products to the growth and continuing success of worldwide lotteries.
About Electronic Game Card, Inc.
Electronic GameCard(tm), Inc. (OTC BB:EGMI), develops, produces and markets the innovative Electronic GameCards(tm) to the state lottery, Indian casino, and promotional industry worldwide. The Company's lead product is the Electronic GameCard(tm), is a patent protected, credit card-sized pocket game combining proprietary technology of interactive capability with the unique ``extended play'' and ``instant win'' excitement.
The Electronic GameCard TM can be programmed to suit a variety of gaming and promotion applications. EGMI's client base is across the $100 billion global market of state and national lotteries, Gaming and Casinos, Indian Gaming and the expanding sales promotion and incentive markets managed through a network of agents globally.. For further information please visit www.electronicgamecard.com.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of fixed odds betting terminals and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games’ customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
Forward-Looking Statements
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