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EC Development, Inc. Signs Letter of Intent to Supply Its Tahoe Gaming Technologies to Juancito Sport Gaming Parlors in the Dominican RepublicCompany Continues Expansion of Its Gaming Products & Technologies Into the Global Marketplace (May 21, 2012)
SHAWNEE, OK -- (Marketwire) -- 05/21/12 -- EC Development, Inc. (OTCQB: ECDI) (OTCBB: ECDI) announced today that it has received a Letter of Intent from Juancito Sport Gaming Parlors located in the Dominican Republic requesting the installation of a trial version of its Tahoe Casino Management System (CMS), including the Jackpot Progressive and the Ticket-In/Out product solutions. The trial system is to be installed into the Juancito Sport headquarters Gaming Parlor prior to full installation of its other gaming parlor facilities. EC Development will begin installation within the next 30 days. The Company anticipates potential revenues in excess of $2,900,000 over the duration of the three year agreement.
"We are very excited to enter into this agreement with Juancito Sport," said Gene Estep, CEO of EC Development. He added, "This is a tremendous opportunity for us to gain a significant presence within the Dominican Republic and to continue EC Development's global expansion into new markets."
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.
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.
About Juancito Sport
The consortium was founded Johnny Sport in June 1990. Currently, the consortium has more than 300 employees in 57 branches throughout the Dominican Republic. Juancito Sport is the largest franchise in the Domnican Republic with over 3000 locations.
For more information on the company, please visit www.juancitosport.com.do.
EC Development, Inc.
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