TransAct names new VP

HAMDEN, Connecticut -- (PRESS RELEASE) -- TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of market specific printers for transaction-based industries worldwide, today announced it has further strengthened its gaming sales team and concentrated key resources in the important Las Vegas market. TransAct has appointed Brandon Knowles, to Vice President of Gaming Sales. Mr. Knowles is a veteran of the gaming industry with over 14 years experience at some of industry's most influential companies, including Shuffle Master, Aristocrat Technologies and Progressive Gaming International. In his new role at TransAct, Knowles will be responsible for managing and achieving TransAct's sales objectives for key slot machine manufacturers and casinos. He will maintain an office in TransAct's Las Vegas facility.

In addition, TransAct announced that Tracey Chernay will relocate to the Las Vegas office on a full time basis to lead the Company's Sales and Marketing efforts for all its products while also maximizing the sales and marketing initiatives in Gaming. Chernay currently serves as Senior Vice President, Sales & Marketing for all TransAct products including Gaming, Lottery, Kiosk, POS and Banking.

Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "Over 60% of our revenue comes from gaming and lottery -- and Las Vegas is the capital of it all. These two very important personnel moves underscore our commitment to that business. With the level of technology we have added to our business, Tracey will be able to lead our company's sales efforts headquartered out of our Las Vegas office while also giving us the executive presence in one of our most important markets. Tracey has done a tremendous job in her tenure with TransAct and we are all excited about her move to Las Vegas. In addition, Brandon's industry expertise and extensive relationships make him an extremely valuable addition to our gaming and lottery team. Throughout his career, Brandon has been successful in building strong relationships in the casino and gaming industry. We look forward to his contributions as we continue to expand our gaming business."