Progressive Gaming to Acquire EndX Group Ltd.

LAS VEGAS -- (PRESS RELEASE) -- Progressive Gaming International Corporation (NASDAQ: PGIC), a leading provider of diversified technology and content products and services used in the gaming industry worldwide announced today that it has signed a definitive agreement to acquire EndX Group Ltd. (EndX), a global gaming management systems software company headquartered in the United Kingdom for cash of $27.0 million.

EndX has been a key strategic partner with the Company for over three years. The EndX Intelligence Product Suite is currently installed in over 175 gaming centers in over 20 countries worldwide, including the three major gaming operators in the U.K. Through this partnership, the EndX product has been integrated as a part of the Company's CasinoLink Enterprise Edition's Slot Management Module. The modules of EndX include cage and cash management, player marketing, table games accounting, and surveillance and alerts monitoring. In addition, EndX and the Company have previously created through joint marketing and development efforts a version of TableLink for the international market.

Significant North American multi-site installations that have been completed or are in the process of being installed include the British Columbia Lottery Corporation (18 sites), the Saskatchewan Indian Gaming Authority (4 sites) and the Choctaw Nation in Oklahoma (8 sites).

President and Chief Executive Officer Russ McMeekin stated: "We are pleased to welcome our strategic partners at EndX officially into the Progressive Gaming family. Our two organizations have been well connected over the past three years on many fronts and together as one enterprise we expect to maximize the value of their outstanding technology and the world class team they have assembled. Their strong presence in the expanding markets of the United Kingdom and other territories worldwide are expected to accelerate the growth of our international business."

Co-Founder and Chief Executive Officer Nick Boyes-Hunter stated: "EndX has achieved excellent success and rapid growth as an independent private company since inception. By becoming a part of Progressive Gaming, we believe we can accelerate our revenue growth through complementary product portfolios and creating synergies that together we expect to take the business to the next level. Our technologies and cultures are very closely aligned which will facilitate a smooth transition, aided by historical success with our partnership. We are pleased that the three primary principals of EndX are expected to have key management roles within Progressive Gaming."

Financial Outlook for Fiscal 2006

Chief Financial Officer Michael A. Sicuro stated: "The acquisition of EndX is expected to be accretive immediately upon completion, which should occur in the fourth quarter of fiscal 2005, after approval from the appropriate regulatory authorities. With virtually all of the legacy business issues behind us, coupled with the expected retirement of the high yield debt, the focus of our entire management team on our core strategic growth initiatives plus the addition of EndX to our team, we believe we are poised to deliver to our shareholders bottom line growth in excess of 100 percent in fiscal 2006 as compared to 2005. We expect revenues, EBITDA and earnings per share to be $100 - $110 million, $32 - $35 million and $.62 - $.70, respectively. This does not include the effects, if any, of expensing stock options."