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Quotes & Info
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| PTEK > SEC Filings for PTEK > Form 8-K on 24-Jun-2009 | All Recent SEC Filings |
24-Jun-2009
Other Events
On June 23, 2009, the Registrant issued a press release announcing the termination of an agreement with a customer. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On June 19, 2009, the Registrant received notification from New Castle Corp. (d/b/a the Excalibur Hotel and Casino) that New Castle Corp. was exercising its rights pursuant to Section 1 of Exhibit A of the Master Software Licensing Agreement (the "Agreement") by and between the Registrant and New Castle Corp., to terminate the Agreement since the field trial for the PokerPro system lasted more than four months. PokerPro received final approval by the Nevada Gaming Commission and exited the field trial on March 19, 2009.
Pursuant to this notification, New Castle will discontinue use of the PokerPro systems effective July 5, 2009.
The Registrant does not expect the termination of this Agreement to have a material impact on its revenues or results of operations.
The information contained in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01
(d) Exhibits
99.1 Press release, dated June 23, 2009, announcing the termination of an agreement with a customer
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