NRT Technology Corp.

NRT Technology Corp.

December 12, 2011 12:51 ET

NRT Technology Corp. Acquires Assets of Opal Manufacturing Ltd.

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2011) - NRT Technology Corp. ("NRT") a leading global supplier of cash-handling solutions and financial transaction processing for the gaming, retail and lottery industries has announced the purchase of the strategic assets from Opal Manufacturing Ltd. ("Opal"). Opal has been designing and manufacturing vending solutions for over 70 years and is the global leader in the delivery of prepaid telecom products, transit ticket dispensing, Postal booklet vending, prepaid debit card vending, PIN Vending, Prepaid IP access, and self service Bill Pay applications.

NRT's innovative mindset strengthens the parallels between the two companies and the ability to take Opal's solutions to the next level makes this a great fit. Since 1993, NRT has been designing and developing secure, robust technology solutions for demanding industries. Current and future technology that NRT brings to the table will complement the Opal product line. "We believe that there are significant opportunities for us to take advantage of the Opal customer base and offer them the next generation of enhanced technology" stated Michael Dominelli, VP of Marketing at NRT.

Opal's previous president and owner over the past 22 years, Garnet Rich said; "I am delighted to see that the legacy of Opal is in such competent hands. Opal's customers will benefit greatly from this transaction, and I am happy to be able to assist NRT in this transition."

This acquisition gives NRT access to the niche mobile top-up and (SIM) card vending markets. "We're very excited about the prospect of leveraging NRT's expertise in the areas of financial transaction processing and kiosk manufacturing to supplement Opal's products and offer new and exciting functionality to Opal's customers," commented John Dominelli, CEO of NRT. "We have spoken with several Opal customers about the type of innovation NRT will bring to the table, such as the ability to accept debit and credit at the kiosk and provision of ATM functionality, and they are all very excited about the opportunities this will create for their businesses."

NRT will continue to manufacture and support existing Opal products and intends to make the transition seamless for Opal customers. "Our goal is to continue the tradition of customer focus and leading support that Opal is known for - Opal's customers can rest assured that NRT will be there for them now and in the future" said John Dominelli, NRT's CEO.

Opal customers can continue to email [support@opal.on.ca] or can reach NRT by telephone at [1-877-332-1060] for all support matters. All sales inquiries should be directed to Rosa Laricchia, SVP of Sales [rosa@nrttech.com]. NRT will maintain the Opal website [www.customvendingmachines.com] so all customers should continue to make use of this online resource.

About NRT Technology Corp.

Founded in 1993, NRT Technology Corp. provides innovative cash handling solutions, products & services to the casino & gaming industry world-wide. Its innovative line of QuickJack™ redemption ATM's handles all types of customer self service redemption services. NRT also provides turnkey applications for Jackpot redemption, ticket redemption, ATM transaction processing as well as other business related applications. Our products are used globally by Casinos, Lotteries & Retailers. NRT also owns and operates one of North America's largest third party financial transaction processors, TNS Smart Network. For more information please visit www.nrttech.com.

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