Prelim. Merger Discussions

RNS Number:3825P
Cyberview Tech Inc
05 March 2008


International Game Technology and Cyberview Technology, Inc. Announce
Preliminary Merger Discussions


RENO, Nevada and LONDON, UK - March 5, 2008, International Game Technology
(NYSE: IGT) and Cyberview Technology, Inc. (LSE: CYBV) today announced that they
are engaged in preliminary discussions regarding IGT's potential acquisition of
Cyberview.


The parties have agreed to an exclusive negotiating period. Under the terms
being discussed, shareholders, option holders and warrant holders of Cyberview
would receive aggregate consideration of up to US$70 million for all of the
outstanding equity securities of Cyberview.


Discussions are in early stages. The terms of any potential transaction may be
materially different from what is being discussed. The transaction remains
subject to negotiation of other terms, completion of due diligence, negotiation
of terms of a definitive agreement under Delaware law, regulatory approvals and
approvals of the Boards of Directors of both companies.


If a definitive agreement is reached, approval by Cyberview's shareholders and
satisfaction of other closing conditions not yet agreed upon would be required
to close the transaction. There can be no assurances that any agreement will be
reached or that a transaction will be completed on the terms set forth above or
others. There will be no further comment until an agreement is reached or the
discussions are terminated.


About International Game Technology


International Game Technology (www.IGT.com) is a global company specializing in
the design, development, manufacturing, distribution and sales of computerized
gaming machines and systems products.


About Cyberview Technology, Inc.


Cyberview is a leading provider of server-based downloadable gaming systems
underpinned by a strong intellectual property and patent portfolio. The strength
of the Company's system is its end-to-end security, flexibility, scalability,
reporting capabilities and audit trail. This innovative and flexible technology
allows customers to change the game offering on demand, thereby enabling the
operator to customise its offering in order to maximise revenue. It also aids
administration by providing detailed reports for operators, regulators and the
tax authorities. The Cyberview system is easily adapted to meet the needs of
various regulatory regimes enabling it to be deployed in most gaming markets and
countries across the world.


The Company's products include:


Gaming machines supplied to UK bookmakers; VLT (Video Lottery Terminals) to
lotteries and other gaming operators; Server-based downloadable gaming slot
machines to the casino industry.


Statements in this release, which are not historical facts, are "forward
looking" statements under the Private Securities Litigation Reform Act of 1995.
Although IGT believes that the expectations reflected in any of its
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed. IGT's future financial condition and
results of operations, as well as any forward-looking statements, are subject to
change and to inherent known and unknown risks and uncertainties. IGT does not
intend, and undertakes no obligation, to update forward-looking statements to
reflect future events or circumstances.


Information on risks and factors that could affect IGT's business and financial
results are included in our public filings made with the Securities and Exchange
Commission.


Contacts:


For IGT:

Patrick Cavanaugh, Investor Relations     + 1-866-296-4232

Ed Rogich, Marketing                      +1-702-896-8690


For Cyberview Technology, Inc.:

Mark Nanovich                             +44 20 7761 3000


Hogarth Partnership                       +44 20 7357 9477

Fiona Noblet


Arbuthnot Securities                      +44 20 7012 2000

Paul Vanstone




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
OFDIFFFVVSISIIT
Cyberview (LSE:CYBV)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024