UWNK..... uWink Signs Letter of Intent to Develop Media System for The Great American Coffee Company LOS ANGELES - PRNewswire-FirstCall - March 23 LOS ANGELES, March 23 /PRNewswire-FirstCall/ -- uWink, Inc. (BULLETIN BOARD: UWNK) , a developer of entertainment software for video game terminals and amusement vending machines, today announced that it has signed a letter of intent with The Great American Coffee Company to develop a touch screen media system for their Southern California locations.
uWink's flexible client-server-based public entertainment system delivers a broad spectrum of audio-visual content to a secure Internet-enabled network of client terminals. The proprietary designed terminals provide an extensive game suite including league and tournament applications. uWink's system also allows for remote terminal management, display of promotional and advertising messages, and the ability to administer a player loyalty program.
"uWink's entertainment system coupled with our new southern California properties are synergistic for our growth," said Tom Hemingway, The Great American Coffee Company's CEO. "With so many choices for coffee and refreshments in California, these new entertainment and media facilities will provide us with a new and exciting way to build a loyal customer. In addition, we feel that this is an excellent opportunity to expand our relationship with our customers using uWink's newest products."
"Consumers continue to enjoy their coffee and media," said Nolan Bushnell, President and CEO of uWink. "Consumers have come to appreciate a broader variety of coffee, and look for different ways to be entertained and informed while they are waiting for their coffee. The uWink system entertains the customer while generating revenues for the store while customers wait."
According to Reuters: "Coffee shops are one of the few expanding businesses in the restaurant industry, spilling all over the United States and cutting into java consumption at home, according to market research firm NPD Group. The number of coffee shops in the United States, as of September, was up 7 percent from the previous year despite stagnant growth in the restaurant industry as a whole, according to NPD data released at the Reuters Food Summit. Los Angeles leads the nation in the total number with 801, followed by Seattle with 628."
About uWink
uWink, Inc. is a technology-based entertainment company focused on the emerging medium of interactive mass-market digital entertainment. uWink is led by Nolan Bushnell, the founder and former CEO of Atari Corporation and Chuck E. Cheese's Pizza Time Theater. At uWink, Mr. Bushnell has focused his skills on creating, developing and launching innovative consumer entertainment concepts with broad mass-market appeal. uWink continues to expand its installed base of entertainment platforms concurrent with the development of a range of new concepts that target fresh market opportunities and applications. For more information on uWink, visit http://www.uwink.com/.
About The Great American Coffee Company (GACC)
GACC's initial markets of Texas and Washington, D.C. have expanded into the California market with a bold new store concept utilizing entertainment and media. A privately funded corporation, GACC is entering the California market with a projected 22 stores over the next two years. The new entertainment and media concept stores will be focused in Los Angeles and Orange counties.
Forward-Looking Statements
The statements contained in this press release that are not historical are forward-looking statements, including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties including, but not limited to, the ability to react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks as more fully described in uWink's periodic filings with the Securities and Exchange Commission.
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