PokerTek Exercises Over-Allotment Option

MATTHEWS, North Carolina -- (PRESS RELEASE) -- PokerTek, Inc. (NASDAQ: PTEK) today announced that the underwriter has exercised the option to purchase 225,000 shares of common stock under the over-allotment option granted in connection with its initial public offering. Pursuant to this exercise, the underwriter purchased 225,000 of the 300,000 shares available under the over-allotment option at a price of $11 per share. The purchase resulted in approximately $2.2 million of net proceeds to the Company. Feltl and Company served as underwriter for the offering.

A registration statement relating to these securities was filed with and has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Sales of shares pursuant to this offering may be made only by means of the final prospectus forming a part of the effective registration statement, copies of which may be obtained by contacting Feltl and Company at 225 South Sixth Street, Suite 4200, Minneapolis, Minnesota 55402.