American Gaming Systems® and Colossal Gaming Sign Exclusive Distribution Agreement for California, Florida, Oklahoma, New York, Texas, and Washington Markets
LAS VEGAS, NV–(Marketwire – Sep 11, 2012) – American Gaming Systems® (“AGS®“), a Las Vegas slot manufacturer and distributor, and Colossal Gaming, also a Las Vegas slot manufacturer, announced today that they have entered into an exclusive distribution agreement for AGS to distribute Colossal’s Class II and Class III games in California, Florida, New York, Oklahoma, Texas and Washington.
As part of the partnership, AGS will also provide sales and service of Colossal designed games. “We are very pleased to add Colossal’s innovative and proven game content to our product line,” said Paul Lofgren, Vice President of Sales & Business Development for AGS. “Our customers are going to be thrilled with the earning power of Beach Party, Hot at the Top, Kachingo and the rest of Colossal’s game library.”
Steve Weiss, founder and CEO of Colossal, said, “AGS has an outstanding reputation as a slot manufacturer and game developer and their sales team is second to none in these markets. We believe that, combined, we will increase the overall quantity of games, both AGS and Colossal, in the marketplace.” Weiss added, “We have more exciting games currently in development and know that AGS will do an outstanding job servicing our casino customers resulting in more games in the field.”
“In this competitive environment, our combined efforts will result in increased game placements, better customer service, and additional profits and player loyalty for our customers,” Lofgren noted. “We look forward to a great future together.”
Colossal Gaming is a licensed slot game developer and manufacturer based in Las Vegas. They have created a number of successful hits on large oversized cabinets. They are an industry leader in large game content creation. Colossal has had success in a number of markets including the Las Vegas market.
With roots in the gaming industry dating back to 1996, AGS’ current portfolio of products includes Class II and Class III machines, and Class II and Class III server-based gaming. Privately held, AGS is a leading designer and manufacturer of Class II gaming machines for the Native American gaming market with an emerging presence in a broad range of commercial markets in the United States. AGS has sales, service, development or management locations in Nevada, Illinois, Oklahoma and Canada.
To learn more about AGS, please visit us at www.americangamingsystems.com.
This press release contains forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The words “believe”, “will”, “expect”, “continue”, “intend”, “plan”, “seek”, “estimate”, project”, “may”, or the negative or other variations thereof or comparable terminology as they relate to AGS® and its products, plans, and markets are intended to identify such forward-looking statements. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’ performance to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, or have its games approved by relevant jurisdictions. All forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.