[October 04, 2004] Mikohn to Present at the Goldman Sachs/Deutsche Bank Gaming Investment Forum; Company Strategy Regarding RFID Chip Tracking Technology Will Be Featured LAS VEGAS --(Business Wire)-- Oct. 3, 2004 -- Mikohn Gaming Corporation (Nasdaq:MIKN) (the Company), a leading provider of diversified products and services used in the gaming industry worldwide announced today that Russ McMeekin, President and Chief Executive Officer and Michael A. Sicuro, Chief Financial Officer will be presenting at the Goldman Sachs/Deutsche Bank Gaming Investment Forum in Las Vegas at 10:00 a.m. PDT on Tuesday, October 5, 2004. The Company will host a breakout session following the presentation as a part of this Investment Forum and will specifically feature its strategy, vision and current portfolio of intellectual property related to RFID technology. At this session, Bob Parente, Executive Vice President of Sales and Tim Richards, Executive Director of Product Marketing will also be present. The following summarizes the Company's position regarding RFID technology: Mikohn owns or has license rights to over 25 patents in the area of RFID technology and related table games system management. This intellectual property portfolio is expected to continue to evolve as the Company looks towards the next generation of RFID technology's use within table games system management. This portfolio took over 5 years to develop and is expected to be a main R&D investment focus in 2005 and beyond. The Company believes this portfolio provides it with the ability to deliver a fully integrated table games management system. Management believes there are certain existing RFID patents that may still be available on a non-exclusive basis. These patents are somewhat strategic to Mikohn as a part of its large suite of intellectual property, but Mikohn believes these patents are of limited strategic value on a standalone basis. Mikohn believes the family of patents mentioned above forms the foundation for its position as the global leader in table management systems, specifically using RFID chip tracking technology, with over 1,000 tables around the world. Mikohn also has a long-standing relationship with Gaming Partners International Corporation (Nasdaq:GPIC), the leader in the supply of gaming chips on a global basis who has an extensive patent portfolio relating to the manufacturing of RFID chips and related technology. Mikohn has specifically developed its Table Link technology to be compatible with GPIC's Safe Chip products. The Company expects to continue its development efforts jointly with GPIC, and other third party partners to further develop and make more efficient and reliable, the RFID chip reader at the table game level. For example, Mikohn is now developing a next generation reader that is expected to be tested in the first half of 2005 and commercially released later in that year. Also, a key element in the adoption cycle has been the cost and speed of the RFID microchip. GPIC and Mikohn will be jointly demonstrating a prototype of GPIC's next generation high speed, lower cost chip at G2E. Mikohn has ordered 10,000 gaming chips containing RFID tags from GPIC for a limited set production run in late 2004, with a market ready product expected during the first half of 2005. Upon completion of routine testing, Mikohn expects to order approximately 500,000 additional gaming chips containing RFID microchips for deployment in 2005. This is anticipated to provide adequate supply for approximately 250 gaming tables. Mikohn expects to submit larger orders for RFID microchips to support continuing sales of its TableLink table management solution. Mikohn believes it is the leader in gaming table management systems. This market, with approximately 32,000 gaming tables on a global basis is virtually untapped by any gaming supplier. Mikohn believes that, with its intellectual property portfolio and over 1,000 tables, it can continue to be a leader in this product segment. Mikohn is targeting to have approximately 10,000 tables under management worldwide over the next 5 years. A copy of the presentation slides may be viewed on the Company's website, www.mikohn.com under Investor Relations starting at the time of the presentation until October 31, 2004. About Mikohn: Mikohn is a leading supplier of innovative and diversified products and services used in the gaming industry worldwide. The Company develops, manufactures and sells an expanding array of slot games, table games and advanced player tracking and accounting systems for slot machines and table games. The company is also a market leader in exciting visual displays and progressive jackpot technology for casinos worldwide. There is a Mikohn product in virtually every casino in the world. For further information, visit the Company's website: http://www.mikohn.com. TableLink is a registered trademark of Mikohn Corporation. (C)2004. All Rights Reserved. Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, including statements regarding activities expected to occur in connection with the intellectual property portfolio, the importance, utility and evolution of that intellectual property portfolio, the existence, scope, availability and utility to third parties of patents in the area of RFID technology, the existence and scope of GPIC's patent portfolio, activities expected to occur in connection with Mikohn's relationship with GPIC, development efforts expected with other third party partners and Mikohn's target for tables under management over the next 5 years. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to the Company's ability to enforce and continue to develop its intellectual property rights, the risk that the Company's intellectual property portfolio may not provide the benefits described in or implied by such forward-looking statements, the risk that patents may exist of which the Company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, risks related to the continued implementation of the Company's relationship with GPIC, the delay in the introduction of new products, rights licensed from content providers, , the Company's ability to meet its capital requirements, relationships with casino operators, the overall industry environment, customer acceptance of the Company's new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures and general economic conditions as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. [ Back To TMCnet.com's Homepage ]