Transact Names Benjamin Wyatt New VP of Business Development
HAMDEN, Conn., May 27, 2008 -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced the appointment of Benjamin Wyatt to Vice President of Business Development.
Mr. Wyatt has extensive experience in Business Development, most recently serving as the Director of Business Development for Pitney Bowes' Mail Services Division where he was responsible for growing the business through acquisitions and new product development, and accountable for all phases of acquisitions, including target identification, strategic and financial analysis, due diligence, negotiation, and integration. In his new role at TransAct, Wyatt will work with TransAct's management team to develop and execute the Company's organic and acquisitive business development strategy. As such, he will be identifying and integrating new market and product strategies that align with the Company's core competencies and represent growth opportunities.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "We are pleased to welcome Ben to TransAct. We believe his extensive experience in business development will be a beneficial addition to our management team, helping us continue to grow the Company and capitalize on market opportunities.
Further, his expertise in successfully acquiring and integrating businesses will play an instrumental role in driving revenue growth over the long-term, as we target acquisitions in the transaction supplies and transaction printing industries, as well as implement other strategic initiatives to continue our organic growth."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, point-of-sale, kiosk and banking. Each individual market has distinct, critical requirements for printing and the transaction is not complete until the receipt and/or ticket is produced. TransAct printers are designed from the ground up based on market specific requirements and are sold under the Ithaca® and Epic product brands. TransAct distributes its products through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct also has a strong focus on the after-market side of the business, with a high commitment to printer service, supplies and spare parts. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit www.transact-tech.com or call 203.859.6800.
CONTACT:
TransAct Technologies Incorporated
Steven DeMartino,
Chief Financial Officer
203-859-6810
The Ruth Group
Stephanie Carrington
646-536-7017
