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Source: Williams
Gaming
Participation Games to Premiere Exclusively at PPE Properties Throughout North America WAUKEGAN, Ill. & CARSON CITY, Nev.
WMS
Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE: WMS), announced
it
The strategic acquisition, which was initially announced
on the Company's year-end earnings conference call on August 8, 2001, supplements
WMS' internal efforts to launch its own wide area progressive system. The
Company expects the first wide area progressive system to be submitted
for regulatory approval in Fall 2002, making products available to its
customers later in Fiscal Year 2003 after extensive lab and field testing.
Financial terms of the
Big Foot Software was founded in 1997 and its principals
include Rory Block, Vice President - Programming, John Beatty, Vice President
- Database Services and Assistant Secretary and Jean Courey Brown, Vice
President - Product Development and Assistant Treasurer. The´acquisition
was finalized in July 2001 at which time Big Foot became a
"Big Foot's principals have a proven record of designing and developing unique proprietary client server systems, including wide area progressive systems currently operating in many casinos in major gaming jurisdictions. Big Foot is already working on new design specifications for a revolutionary, next generation wide area progressive system that will be unique to WMS and they will also focus on the development of our future technology systems," commented Brian R. Gamache, President and Chief Executive Officer of WMS Industries Inc. "The experienced team of developers at Big Foot adds further depth and bench strength to our product development team, positioning us well for our future growth." "Having observed WMS' development as a leading gaming
supplier over the last few years, we are excited to be joining the team
and expect to add to the breadth of their engineering talents," commented
Jean Courey Brown, Vice President - Product Development and Assistant Treasurer
for Big Foot Software. "By joining with WMS, we will be able
WMS Gaming is headquartered in Waukegan, IL (847/785-3000) with regional offices in all major domestic gaming jurisdictions, as well as Barcelona, Spain, Johannesburg, South Africa and Sydney, Australia. WMS Gaming Inc., a subsidiary of WMS Industries Inc., designs, manufactures and markets video and reel-spinning gaming devices and video lottery terminals. This press
release contains certain forward-looking statements concerning future business
conditions and the outlook for the Company based on currently available
information that involve risks and uncertainties. The Company's actual
results could differ materially from those anticipated in the forward looking
statements as a result of certain risks and uncertainties, including, without
limitation, the financial strength of the gaming industry, the expansion
of legalized gaming into new markets and legislative and regulatory changes
in existing gaming markets, the development, introduction and success of
new games and new technologies and the ability to maintain the scheduling
of such introductions, the ability of the Company to qualify for and maintain
gaming licenses and approvals and other risks more fully described under
"--Factors Affecting Future Performance" in the Company's Annual Report
on Form 10-K.
CONTACT: WMS Gaming Inc., Waukegan
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