GameTech Declares Fourth Quarter Dividend and Change to Quarterly Dividend Policy

GameTech Declares Fourth Quarter Dividend and Change to Quarterly Dividend Policy

Board Renews Focus on Aggressive Growth

RENO, Nev., Dec. 16 /PRNewswire-FirstCall/ -- GameTech International, Inc. (NASDAQ:GMTC), a leading supplier of electronic bingo equipment, today announced its Board of Directors has declared a quarterly dividend of three cents ($.03) per share of common stock for the quarter ended October 31, 2004. The Company also announced that its policy of paying dividends to shareholders will be discontinued indefinitely following the fourth quarter dividend. The final dividend for 2004 is payable on January 11, 2005 to shareholders of record at the close of business on December 27, 2004.

John Furman, President and Chief Executive Officer of GameTech, said the decision of the Board of Directors to discontinue the payment of dividends was the result of the Board's re-evaluation of the Company's future goals and the determination that payment of dividends is inconsistent with GameTech's emphasis on both internal growth and growth through the creation of strategic relationships. "We believe we are well positioned to increase our market share through various means," said Furman. "In order to meet our goals, we feel it is important to reserve our cash to fund our growth initiatives. We believe our shareholders will be better served in the long run as a result of this decision."

GameTech International, Inc. is a leading supplier of a comprehensive line of electronic bingo equipment, including hand-held bingo terminals, fixed-base terminals and turnkey accounting and management software. The Company supports its bingo operator customers with products that typically increase play, revenues and profits, and software customized to enhance management and operations, all backed by unparalleled customer service and support.

Certain statements contained in this press release may be deemed to be forward looking statements under federal securities laws, and GameTech intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include new product and product feature development and expectations of the financial growth and operating results of the Company. GameTech cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward looking statements contained herein. Such factors include those disclosed in documents filed by the Company with the Securities and Exchange Commission, including the Company's annual report on Form 10-K for the fiscal year ended October 31, 2003.


Source: GameTech International, Inc.

CONTACT: Cheryl Walsh of WalshCOMM, +1-602-957-9779, for GameTech
International, Inc.; or Cory Klerk of GameTech, +1-775-850-6100


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