New Interactive Game From NTN Is the World's First Fully Interactive, Multi-Player On-Premise Electronic Poker Game
NTN Hospitality Technologies, a division of NTN Communications, Inc., a leader in interactive communications and entertainment products for the hospitality industry, announced today the limited release of a fully interactive, electronic version of Texas Hold 'Em on its North American iTV network. Capitalizing on the game's widespread and unprecedented interest sweeping the country, NTN Hospitality Technologies is bringing the world's first fully interactive, skill-based electronic poker game to the hospitality industry.
The new interactive NTN Texas Hold 'Em poker game allows up to 10 players to participate, using the company's hand-held, wireless game devices at a virtual table displayed on televisions and be ranked against other players at enabled sports bars and premiere casual dining restaurants.
The product is currently in limited release, with widespread deployment scheduled for the early part of 2005 throughout the company's new iTV2 dual channel interactive network. In addition to the game itself, consumer promotions are planned throughout 2005, subject to local and state legal compliance.
"As part of our commitment to bring fresh and interesting content to our interactive entertainment network, Texas Hold 'Em is the latest addition to our new NTN BLAST channel," commented Mark deGorter, President and Chief Operating Officer. "Leveraging the tremendous popularity of Texas Hold 'Em by creating an interactive, skill-based, on-site experience will allow us to drive new consumers into our subscribing sites, as well as appeal to an entirely new universe of locations interested in jumping on the Texas Hold 'Em phenomenon."
NTN Texas Hold 'Em was developed with insights from Phil Gordon, World Poker Tour Champion and host of Bravo's Celebrity Poker Showdown. Mr. Gordon, a world-renowned poker expert and commentator, says: "The introduction of Texas Hold 'Em to the NTN iTV programming lineup marks an exciting time for poker fans nationwide, who will soon be able to participate in the first multi-site electronic poker tournaments of their kind. I'm pleased to be associated with NTN, both as a spokesperson as well as co-developer of the game, and am excited that fans now have a new venue in which to learn the game and test their skills."
The current limited release of NTN Texas Hold 'Em Poker is expected to lead to expansion to the over 800 NTN BLAST-enabled sites. The company is currently undertaking efforts to convert the balance of the over 3,600 sites located in North America to the new NTN BLAST platform allowing Texas Hold 'Em to be a part of the entire network programming line-up going forward. In addition, all new installations feature the NTN BLAST technology, allowing them to feature the new NTN BLAST content, including Texas Hold 'Em where permitted by state regulations.
About NTN Communications
Based in Carlsbad, CA, NTN Communications, Inc. is the parent corporation of the NTN Hospitality Technologies segment and Buzztime Entertainment, Inc., a subsidiary. The NTN Hospitality Technologies segment, which focuses on integrated front-of-house solutions for the hospitality industry, is comprised of the NTN iTV Entertainment Network, NTN Wireless Communications, Inc., and NTN Software Solutions, Inc. NTN Hospitality Technologies provides services and products to leading restaurants such as The Cheesecake Factory, Darden Restaurants, Domino's Pizza, Gaylord Entertainment, TGI Friday's and more.
Except for historical information contained herein, this release contains forward-looking statements which reflect management's current views of future events and operations, including, but not limited to, statements pertaining to the deployment of NTN Texas Hold 'Em, consumer acceptance of NTN BLAST, NTN's penetration into sports bars and casual dining restaurants, and NTN BLAST's ability to attract a broader demographic group to sports bars and casual dining restaurants, all of which are subject to risks and uncertainties including the risks of changing economic conditions, product demand and market acceptance, and the impact of competitive products and pricing. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of NTN's Form 10-K for the year ended December 31, 2003 and the Company's registration statement on Form S-3 (File No. 333-33078), which are on file with the Securities and Exchange Commission. NTN does not undertake to publicly update or revise any of its forward-looking statements even if new information or future events show that the indicated results or events will not be realized.
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