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EC Development, Inc. Closes Multiple Contracts Totaling More Than $14 MillionRepresents the Strongest Year in Signed Contracts for Tahoe CMS (Casino Management System) (December 06, 2011)
SHAWNEE, OK -- (Marketwire) -- 12/06/11 -- EC Development, Inc. (PINKSHEETS: ECDI), a leading provider of software for the U.S. and international gaming and casino markets, announced that it closed the third quarter of 2011 with multiple signed contracts for its Tahoe Casino Management (CMS) systems. Combined with earlier 2011 sales, EC Development's most recent contracts in Europe and South America push the Company's contract revenues in excess of $14MM over the next 36 months.
EC Development's flagship Tahoe CMS (Casino Management System) technology, brings speed and efficiency to casino gaming by providing customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely eliminating disparate systems while enabling the use of some truly cutting edge marketing tools. The expanded product suite also includes the Tahoe Interactive Player System (TIPS), which boasts a fully customizable player interface to create a personalized experience for each casino customer. With TIPS, each player not only has real-time access to their player rewards and progress, but can opt in to any number of real-time events such as raffles, tournaments, drawings, etc. Players can even request drinks and service through the system, further adding to their experience and enjoyment.
Gene Estep, EC Development CEO, commented: "We continue to see strong demand for our Tahoe CMS (Casino Management System) technology. With numerous installations under our belt including several international deployments this year, this is a significant milestone for EC Development. We think that we have just scratched the surface in terms of sales, and we look forward to updating our shareholders as we move forward."
About EC Development, Inc.
EC Development, Inc. (ECDI), founded in 2005, designs, developments and markets software for the U.S. and international gaming and casino markets. The software monitors, audits, analyzes and manages all financial transactions and customer activities for casinos and other gaming related environments.
Its flagship technology, the Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system and offers customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools.
For more information on the company, please visit www.ecdevonline.com.
Statements in this release, other than statements of historical fact, constitute "forward-looking statements" which include opinions and assumptions regarding risks and uncertainties. Actual results may differ materially from those expressed in these forward-looking statements due to factors such as: the effect of economic conditions locally and globally; access to capital; future sales and cash flows; changes in government and customer priorities and requirements (including changes in customer short-range and long-range plans); and other risk factors and uncertainties, some of which we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business. Any such risks or uncertainties could cause our results to differ materially from those expressed in these forward-looking statements.
EC Development, Inc.
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