Global Payment Technologies, Inc. and Table Trac, Inc. Sign Letter of Intent for Joint Venture and Distribution Agreement

Global Payment to Market a Jointly Developed Table Gaming Product Which Includes Its New Argus Validator; To Debut in Puerto Rico At the Caribbean Gaming Show On June 11, 2001.

Contact: Thomas McNeil
Chief Financial Officer, GPT
(631) 231-1177 x273

Matthew Hayden
Hayden Communications, Inc.
(843) 272-4653

Global Payment Technologies, Inc. and Table Trac, Inc. Sign Letter of Intent for Joint Venture and Distribution Agreement

Global Payment to Market a Jointly Developed Table Gaming Product Which Includes Its New Argus Validator; To Debut in Puerto Rico At the Caribbean Gaming Show On June 11, 2001.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 11, 2001-- Global Payment Technologies, Inc. (NASDAQ Symbol:GPTX - news; ``GPT''), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries, jointly announced with Table Trac, Inc. (OTC/BB: TBTC - news) of Minneapolis, Minn. the signing of a non-binding letter of intent that includes a joint venture and distribution agreement. The non-binding letter of intent is subject to the signing of definitive agreements.

The agreement calls for GPT to market, worldwide, a new table gaming product that automates and monitors, on a real-time basis, the operations and revenues of casino table games. This product is a combination of patented technologies of both companies and uses GPT's new ARGUS(TM) validator that accepts and validates currencies worldwide.

The product will have its debut in Puerto Rico on June 11, 2001 in the GPT exhibition booth during The Caribbean Gaming Show. Additionally, both companies will issue further details upon the signing of the definitive agreement.

About Global Payment Technologies, Inc.

Global Payment Technologies, Inc. is a United States-based designer, manufacturer, and marketer of automated currency acceptance and validation systems used to receive and authenticate currencies in a variety of payment applications worldwide. GPT's proprietary and patented technologies are among the most advanced in the industry. GPT maintains manufacturing facilities in Hauppauge, N.Y. and sales offices in Las Vegas, the U.K., Australia and South Africa.

About Table Trac, Inc.

Table Trac, based in Minnetonka, Minn., has developed a patented real-time system that automates and monitors the operations of casino gaming tables. It provides casino management with comprehensive information including linking table games activity seamlessly into an automated environment that provides instant information about the entire casino's table gaming status, along with slot machine play, players club, accounting, banking and games security. This system may be utilized in conjunction with the new product.

Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the risks that GPT's current and future products may contain errors or defects that would be difficult and costly to detect and correct; GPT's dependence on the paper currency validator market and its potential vulnerability to technological obsolescence; possible risks of product inventory obsolescence; potential difficulties in manufacturing operations; potential shortages of key parts and/or raw materials; potential difficulties in managing growth; dependence on a limited base of customers for a significant portion of sales; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in GPT's Securities and Exchange Commission filings.

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