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Feature Company: Table Trac (OTCQB:TBTC)

Video Platform Video Management Video Solutions Video Player

The company develops and sells systems and technical support to casinos. It designs and manufactures its own table game interfaces units and slot machine gaming machine interface boards.

Additional Information:

Company: Table Trac
Website: http://www.tabletrac.com
Stock Symbol: OTCQB:TBTC
Date Published: Jun 18, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Today’s feature company is Table Trac, a developer and provider of casino information and management systems that automate and monitor the operations of casinos.
The company develops and sells systems and technical support to casinos.
It designs and manufactures its own table game interfaces units and slot machine gaming machine interface boards.
The open architecture of the Table Trac system provides operators with a scalable and flexible system that interconnects and operates with most third-party systems.
The company’s CasinoTrac™ casino management system provides operators with full functionality modules for guest rewards and loyalty club, marketing analysis, guest service, promotions administration/management, vault/cage management, and audit/accounting.
Table trac systems are available for purchase by any legal gambling casino in the U.S. as well as legal casinos operating outside the U.S.
The company has systems installed in North, South, and Central America, as well as the Caribbean.
The company delivered three systems during the quarter with a backlog of another three new customer contracts at the end of March.
Island Gaming Turks and Caicos recently contracted to replace their existing online slot system with the CasinoTrac system, joining the growing number of Caribbean casinos that have chosen Table Trac's casino management system.
Marc Charley, Managing Director of Island Gaming Turks and Caicos, stated: “We are excited about the array of new options we will have with the CasinoTrac systems; additionally we are pleased to be partnering with TableTrac on this project and our future projects as we grow our operations."
Chad Hoehne, President of Table Trac, added: "I am very pleased to be serving the Royal Flush Slot Parlour and helping Marc reach his future growth goals. They will soon see that the CasinoTrac system is easy to use and easy to own."
For the quarter ended March 31, 2019, the company reported revenues of $1.37 million, up from $1.08 million in the same quarter in 2018.
The company was profitable with net income of $7,955 versus a net loss of $179,836 in 2018.
The shares are trading at $2.70.

For more information please visit the company’s website at www.tabletrac.com, contact Randy Gilbert, CFO, at 952-548-8877.

I’m Megan Edwards for Investmentpitch Media