Wallingford, CT, February 26, 2004 – TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, announced that Aristocrat (OTC: ARLUF), Australia’s largest slot machine manufacturer, has selected TransAct’s Model 850 thermal printer as its printer of choice for slot machines in the Australian gaming market. Australia is the second largest slot machine market in the world with over 240,000 slot machines. According to industry sources, Aristocrat currently controls 70% of the slot machine manufacturing market in this region.



Jon Berkley, vice president and business manager of worldwide gaming, said, “This is exciting news for us, as TransAct will now be the dominant supplier of slot machine printers to the Australian gaming market. Aristocrat’s decision to use our Model 850 as their printer of choice further validates not only the design quality and reliability of our printers, but also the industry’s acceptance of cashless gaming globally. With Australia’s transition to cashless gaming beginning to take hold and rolling out over the next few years, this agreement further extends the momentum we have generated domestically.”



“Through the strategic relationships we have in place with key players in the industry worldwide, we’re excited to be at the forefront of the international market’s move to cashless gaming,” continued Berkley.



About TransAct Technologies Incorporated



TransAct designs, develops, manufactures and markets transaction-based printers under the ITHACA® and MAGNETEC® brand names. In addition, the company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. The Company focuses on the following vertical markets: point-of-sale (POS), and gaming and lottery. All of TransAct's products are manufactured in ISO 9001 certified facilities. Visit www.transact-tech.com for more information.



CONTACT:

Lisa Rhodes

Voornas Creative LLC
203.341-9801

Rhodes@optonline.net