PDS Financial Corporation Announces Progress with Digital Table Game

Business Wire, Feb 22, 2000

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Feb. 22, 2000

PDS Financial Corporation (NASDAQ: PDSF) today announced progress with its proprietary new product platform, Digital Card System (DCS(TM)). The Company announced the first live trial of its Digital 21(TM) table has begun at The Cities of Gold Casino in Santa Fe, New Mexico. Digital 21(TM), the first product released on the DCS(TM) platform, is traditional Blackjack that uses virtual playing cards, which are displayed with high quality graphics on screens for each player and the dealer. Earlier this month, the Company's DCS(TM) platform received the Silver Award for the third most innovative gaming product of 2000 from the Casino Journal Publishing Group. A distinguished panel of judges from within the gaming industry had nominated the twenty finalists for the award. The winners were selected by a vote of the attendees of the American Gaming, Lodging & Leisure Summit held at Paris Las Vegas. Separately, last month PDS Financial Corporation obtained its gaming manufacturer's license in New Mexico, which allows the Company to finance and lease gaming equipment in this market.

Tim Thompson, Assistant General Manager/Table Games Manager of The Cities of Gold Casino, commented, "Initial feedback from our players and dealers has been very positive. The game plays just like traditional blackjack, only faster. And we really like the enhanced security it provides."

"We are pleased to have begun live play with Digital 21(TM). We are confident that players and casino operators will recognize this is a breakthrough product, just as the Casino Publishing Group did," stated the Company's President, Peter Cleary.

The new DCS(TM) technology allows for increased security and playing speed, while offering many new player friendly features, aimed at attracting new players. The DCS(TM) platform has been submitted to the Nevada Gaming Control Board. Digital 21(TM) has been approved by Gaming Laboratories International Incorporated for use in New Mexico and Michigan and also been submitted for approval to the Colorado Gaming Control Board.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

PDS Financial Corporation is an integrated provider of customized finance and leasing solutions to the gaming industry, and supplies reconditioned gaming devices to casino operators throughout the United States. Since 1991, PDS has completed over $550 million in gaming finance transactions, including SlotLease, which is a specialized leasing program for slot machines and other electronic gaming devices. In 1997, the Company established its reconditioned gaming device sales and distribution division, PDS Slot Source, to complement its leasing and financing activities and to generate equipment sales to casino operators. PDS acquired the exclusive intellectual property rights to manufacture and distribute products utilizing DCS(TM) throughout the United States, including Sovereign Nations in mid-1999.