PokerTek Agrees To $500,000 Private Placement

Fri. September 04, 2009; Posted: 04:02 AM

Sep 04, 2009 (FinancialWire via COMTEX) -- PTEK | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/09/04/pokertek-agrees-to-500000-private-placement/)

September 4, 2009 (FinancialWire) -- PokerTek (NASDAQ: PTEK | Quote | Chart | News | PowerRating) (Current Market Cap: $8.93 Mil.) said it had entered into agreements to sell 686,090 shares of common stock to accredited investors at an aggregate purchase price of $500,000.

Company chairman Lyle Berman participated in the private placement, purchasing 328,947 shares at $0.76, the consolidated closing bid price of the stock immediately preceding the transaction.

Matthews, North Carolina-based PokerTek develops and markets products for the gaming and amusement industries. The company's products include PokerPro automated poker tables and related software applications.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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