| Business Summary | | GameTech
International,
Inc.
designs,
develops
and
markets
interactive
electronic
bingo
systems.
The
Company
currently
markets
a
fixed-base
system
with
light-pen-activated
monitors
and
portable
handheld
systems
that
can
be
played
anywhere
within
a
bingo
hall.
GameTech
had
approximately
7,000
fixed-base
units
and
more
than
46,000
handheld
units
operating
in
Indian,
charity
and
commercial
bingo
halls
at
October
31,
2000.
Both
bingo
systems
display
electronic
bingo
card
images
that
have
been
purchased
and
played
by
a
player
for
each
bingo
game.
The
Company's
electronic
bingo
units
enable
players
to
play
substantially
more
bingo
simultaneously
than
they
can
play
on
paper
cards,
leading
to
a
greater
spend
per
player
and
higher
profits
per
bingo
session
for
the
bingo
hall
operator. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gametech
International
designs,
develops
and
markets
interactive
electronic
bingo
systems.
GMTC
currently
markets
a
fixed-base
system
with
light-pen-activated
monitors
and
portable,
hand-held
systems
that
can
be
played
anywhere
within
a
bingo
hall.
For
the
six
months
ended
4/30/01,
revenues
fell
4%
to
$24.8
million.
Net
income
fell
94%
to
$245
thousand.
Results
reflect
cancellation
of
a
distributor
contract
in
Texas
and
a
higher
doubtful
accounts
provision. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
11,919;
after
tax
earnings
were
-617. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frederick Lane, 51 Chairman | -- | Jon Whipple Pres,
CEO, Director | $116K | Richard Fedor, 55 Vice
Chairman | 223K | Richard Kelley CFO,
Treasurer | -- | Richard Irvine, 59 Exec.
VP, Corp. Planning and Devel. | 209K | Dollar amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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