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Technology Stocks : Transact Technologies Inc (TACT) -- Ignore unavailable to you. Want to Upgrade?

To: Bwe who wrote (29)	2/15/1998 11:02:00 PM
From: Ed Bowes	Respond to of 37

TransAct Technologies Concludes New Credit Pact WALLINGFORD, CT--(BUSINESS WIRE)--Feb. 2, 1998--TransAct Technologies Incorporated (NASDAQ: TACT) said today that it has concluded a new credit agreement with Fleet National Bank which increases the funds available to the Company from $5 million to $15 million. According to Richard L. Cote, Executive Vice President and Chief Financial Officer, "The new agreement, which replaces a $5 million working capital line, consists of a new $5 million revolver and a second $10 million revolving facility that may be converted to a term loan at the Company's election after mid-1999. The $10 million revolver may be used for such activities as acquisitions and share repurchases. We are pleased with the credit terms obtained from Fleet, including favorable interest rate options," Cote concluded. TransAct designs, develops, manufacturers and markets transaction-based printers and related products under the ITHACA and MAGNETEC brand names. The Company's printers are used to provide transaction records such as receipts, tickets, coupons, register journals and other documents. TransAct serves four vertical markets: point-of-sale, gaming and lottery, financial services and kiosk. The Company sells its products directly to end users, original equipment manufacturers, value-added resellers and selected distributors. Please visit TransAct's website located at transact-tech.com, to receive more information about the Company's products and selected financial data. This release contains certain forward-looking statements that are subject to various risks and uncertainties, including, but not limited to, demand and competition for the Company's products, which could cause actual results to differ materially. These and other risks and uncertainties are detailed in the Company's Securities & Exchange Commission filings. CONTACT: TransAct Technologies Investor Access Corp. Richard L. Cote Michael Seely Tel: 203-269-1198 Tel: 212-692-9060 Fax: 203-949-9048 Fax: 212-661-2399 KEYWORD: CONNECTICUT BW1148 FEB 02,1998

To: Bwe who wrote (29)	2/15/1998 11:04:00 PM
From: Ed Bowes	Read Replies (1) \| Respond to of 37

TABLE - TransAct Tech <TACT.O> Q4 dil shr $0.12 WALLINGFORD, Conn., Feb 12 (Reuters) - (In thousands, except per share data) Three months ended Year ended December 31, December 31, 1997 1996 1997 1996 Net sales $12,777 $11,115 $58,400 $42,134 Oper income 1,240 1,115 7,831 5,233 Net income 864 680 4,893 3,340 Net income per common and common equivalent share Basic 0.13 0.10 0.72 0.57(a) Diluted 0.12 0.10 0.71 0.57(a) Weighted average common and common equivalent shares: Basic 6,782 6,723 6,767 5,864 Diluted 6,946 6,794 6,932 5,884 Full company name is TransAct Technologies Inc. 15:49 02-12-98 Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similiar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.TABLE - TransAct Tech <TACT.O> Q4 dil shr $0.12