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In connection with the reverse split and recent name change from CJPG, Inc. to TableMAX Corporation, a new stock symbol, "TBLX," will be assigned to the TableMAX common stock effective as of August 19, 2008. The TableMAX common shares will continue to be quoted on the Pink Sheets on a post-split basis under the new stock symbol.
No cash will be paid or distributed as a result of the reverse split, and no fractional shares will be issued. All fractional shares which would otherwise be required to be issued as a result of the reverse split will be rounded up to the nearest whole number. The reverse split will be recorded on TableMAX's stock transfer records in the form of book entry. As such, following the reverse split, the share certificates representing the pre-split shares will continue to be valid with the adjustment for the number of shares owned being made on TableMAX's stock transfer records. Shareholders are not required to, but may at their own expense, tender to TableMAX's transfer agent their certificates representing pre-split shares in exchange for certificated shares in the post-split share amount.
About TableMAX
TableMAX is engaged in the manufacture, sale and distribution of a patented five-seat, multi-player electronic table game known as the TableMAX(R) System(TM). The TableMAX System is a state of the art multi-player video gaming machine that utilizes patented technology to provide electronic versions of popular traditional casino card games. The TableMAX game library includes Progressive Blackjack(TM) (Gaming Labs certified Sept. 2007), Caribbean Stud(R) Poker (Gaming Labs certified May 2008) and Caribbean Draw(R) Poker, which is currently being tested for certification. Texas Hold 'Em Bonus Poker is currently in development.
To date, TableMAX has sold five TableMAX Systems abroad; placed six on a recurring revenue basis, including five in Oklahoma casinos and one in South America; signed orders for six system installations; and received verbal commitments for 18 system placements. In April 2008, TableMAX launched its initial wide area network offering a progressive jackpot, linking TableMAX Systems in operations at two separate Tribal gaming establishments in Oklahoma. The wide area network is believed to be the first wide area progressive network on an electronic table game available anywhere in the world.
TableMAX commenced its current business, consisting of the manufacture and sale of the TableMAX System and related video card games, in 2004. It commenced limited revenue producing operations in 2005 through the marketing and sale of an earlier version of the TableMAX System, and completed the initial development of the TableMAX System in the fourth quarter of 2007. TableMAX commenced the formal roll-out of the system and related card games in first quarter of 2008. From its inception through June 30, 2008, TableMAX has generated $308,000 in revenue from the sale or placement of TableMAX Systems.
Forward Looking Statements
This release contains certain "forward-looking statements" relating to the business of TableMAX and its principal subsidiary, TableMAX Holdings, LLC, a California limited liability company, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. TableMAX is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Paul Speirs, Steinbeck Communications
(702) 413-4278, paulspeirs@cox.net
SOURCE TableMAX Corporation
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