LOS ANGELES, July 20, 2015 /CNW/ - INNOVA Gaming Group Inc. ("INNOVA", the "Company") (TSX: IGG), today announced that its wholly owned subsidiary, Diamond Game Enterprises ("Diamond Game"), has received a manufacturer license and approval from the New Hampshire Racing and Charitable Gaming Commission to deploy its LT-3 ticket dispenser ("LT-3") in the state of New Hampshire (the "State") in approved charitable locations. Diamond Game expects to deploy the machines through licensed distributors in the State and is currently in negotiations with a select list of potential partners.
"With New Hampshire's approval, our LT-3 dispensers are now approved for use in five U.S. States and two Canadian provinces," said Richard Weil, Chairman and CEO of INNOVA. "In the coming weeks, we expect to choose distribution partners and look forward to demonstrating the unique benefits that the LT-3 can provide to regulated operators in the State. We are pleased with the number of LT-3 deployments achieved so far this year and, as of today, we have 1,698 LT-3 dispensers installed network-wide."
About INNOVA Gaming Group Inc.
INNOVA develops unique games and products for the global gaming industry, with particular focus on state and provincial lotteries. Through the Company's wholly owned subsidiary, Diamond Game, INNOVA focuses on enhancing the revenues of government-sponsored lotteries and other regulated operators by offering its unique "stay-and-play" products in traditional and non-traditional gaming venues. Its primary product is the LT-3, an instant ticket vending machine that dispenses tickets while simultaneously displaying the results of each ticket on a video monitor in an entertaining fashion. For more information, please visit www.innovagaminggroup.com.
Certain statements included herein, including those that express management's expectations or estimates of our future performance or future events, including with respect to the deployment of Dispensers and the creation of higher sales volumes and ongoing revenue, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies that could cause actual results or events to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein reflect INNOVA's current views with respect to future events, and except as required by law, INNOVA does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise.
SOURCE INNOVA Gaming Group
For further information: Jonathan Ross, CFA, LodeRock Advisors, INNOVA Investor Relations, [email protected], Tel: (647) 479-6175