Shuffle Master Loses Again in Patent Infringement Lawsuit Brought Against VendingData Corporation
14 March 2007 VendingData(TM) Corporation (AMEX: VNX), announced today that the United States District Court for the District of Nevada entered an order that adopts and affirms a ruling by the Magistrate Judge in favor of VendingData and against Shuffle Master in a patent infringement lawsuit brought by Shuffle Master against VendingData. The Magistrate Judge, in an opinion now adopted by the District Court, agreed with VendingData's construction of certain patent claims that Shuffle Master has asserted against VendingData's innovative PokerOne(TM) shuffler product. VendingData's President & CEO Mark Newburg stated that he believes the District Court's order entered today "drives a stake in the heart of Shuffle Master's case." (Logo: http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO ) Shuffle Master's setback today follows previous setbacks in the case. Although Shuffle Master was initially successful in obtaining a preliminary injunction against the sale of VendingData's PokerOne(TM) shuffler, VendingData persuaded the United States Circuit Court for the Federal Circuit to stay the preliminary injunction. The Federal Circuit, after full briefing and oral argument, then vacated the preliminary injunction in its entirety in December 2005. The reversal of Shuffle Master's preliminary injunction and today's order adopting VendingData's claim construction leave Shuffle Master exposed to liability on a $3 million bond it posted to secure the preliminary injunction. VendingData intends to vigorously pursue collection of the $3 million bond and other damages from Shuffle Master. About VendingData(TM) Corporation VendingData Corporation is a Las Vegas-based developer, manufacturer and distributor of innovative products for the gaming industry. The company's products include the DeckChecker(TM), PokerOne(R), the Random Ejection Shuffler(TM) lines, and the Dolphin Chip product line, which include traditional and high-frequency (13.56 MHz) RFID gaming chips. VendingData's newest innovative products include the ChipWasher(TM) and high-value gaming plaques. Visit the VendingData Web site at http://www.vendingdata.com. The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding the VendingData's expectations, beliefs, intentions or strategies regarding the future. Such forward-looking statements relate to, among other things: (1) VendingData's expectations concerning the ultimate outcome of its litigation with Shuffle Master; and (2) VendingData's expectations concerning the collection of the $3 million bond and other damages from Shuffle Master; and (3) other developments in pending or future litigation. These statements are qualified by important factors that could cause the Company's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (4) the risk that VendingData may not be ultimately successful in its lawsuit with Shuffle Master; and (5) the risk that VendingData may not collect a meaningful amount, if any, of the $3 million bond or other damages from Shuffle Master; and (6) the general risks associated withVendingData's operations, including those risks and factors described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. VendingData cautions readers not to place undue reliance on any forward-looking statements. VendingData does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur. Contact: Michelle Glenn or Yvonne L. Zappulla VP Marketing Managing Director VendingData(TM) Corporation Grannus Financial Advisors 702-733-7195 212-681-4108 mglenn@vendingdata.com Yvonne@WallStreetIR.com
Source: prnewswire
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