POKERTEK ANNOUNCES ADDITIONAL INVESTMENT FROM ICP ELECTRONICS
October 16, 2009
PokerTek, a leader in automated poker tables, announced that ICP Electronics, Inc. has purchased additional shares of the company’s stock.
The 120,000 shares of common stock at a price of $0.90 will be issued to ICP as soon as practicable. As announced Aug.18, ICP made an initial investment in PokerTek, purchasing 565,000 shares of common stock at a price of $0.85.
“We are pleased to see ICP top off their stake in PokerTek,” said Mark Roberson, PokerTek’s acting chief executive officer and chief financial officer. “We have worked closely with ICP for several years and they continue to be a valuable partner, providing state of the art electronic design and engineering services for our PokerPro product line and manufacturing our Heads-Up Challenge product. These two transactions serve to further solidify our strong relationship.”
ICP, founded in 1997 and listed on the Taiwan stock exchange, is a global specialist providing Unique Electronic Manufacturing Services to worldwide customers. The UEMS program is a customer-centered solution comprising designing, engineering, SCM, manufacturing, and logistics.
PokerTek, Inc., headquartered in Matthews, N.C., developed PokerPro automated poker tables and related software applications to increase revenue, reduce expenses and attract new players into poker rooms by offering interactive poker that is fast, fun and mistake-free.
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