News

JCM American, TransAct sign agreement

January 3, 2006

LAS VEGAS - JCM American Corp. and TransAct Technologies Inc. announced in a news release they have signed a final agreement, bringing together the sales efforts of their bill acceptor and printer brands. Under the agreement, JCM's sales force will offer TransAct's gaming thermal printers in North and South America and Macau in combination with JCM's many bill acceptor and currency handling products.

JCM president Aki Isoi said, "We are very pleased to have finalized this agreement with TransAct, a company that we see as being as innovative and dedicated to the industry as we are. This agreement creates an environment that is above all, convenient for our customers. By combining our sales team efforts, we have created the most convenient, customer-focused team imaginable - a value-driven, one-stop shop for the best currency handling, printing and monitor products anywhere."

TransAct Technologies chairman, president and chief executive officer Bart C. Shuldman said, "This is an exciting time for TransAct and for our customers. The agreement allows us to utilize JCM's extensive sales organization, leveraging established relationships on each side of the deal. We can now move forward with our goal of accelerating market penetration and increasing our potential opportunities, and doing so in an extremely cost effective manner."