TransAct Technologies actively assessing strategic alternatives, including sale

TransAct Technologies announced an update to its previously announced strategic business review. The company is actively assessing strategic alternatives with the assistance of Roth Capital Partners the Company’s advisor. The Company has engaged in preliminary discussions with potential strategic partners. Additionally, the Board of Directors has formed an independent committee to consider the full range of strategic, operational, and financial alternatives to maximize stockholder value, which may include a potential sale of part of or the entire business of the Company and the development and implementation of new strategies designed to grow the Company’s business. “TransAct’s casino business remains a market leader with growth prospects existing globally. As inventories in the industry normalize, we fully expect the business to continue to produce stable and growing returns,” said John Dillon, Chief Executive Officer of TransAct. “The FST business, despite the loss of 7-Eleven’s label business, is growing. We have added a number of new customers with significant growth opportunities and, in addition, a large global QSR client has successfully procured more than 1,000 units of our new BOHA! Terminal 2 since the beginning of this year.” “While we focus externally on strategic initiatives, we will continue to prioritize internal initiatives that improve and refine operational execution within each functional area of the business,” continued Mr. Dillon.