SOURCE: Taj Systems, Inc.

August 23, 2006 08:00 ET

Taj Systems Selects Malta

HOLLYWOOD, FL -- (MARKET WIRE) -- August 23, 2006 -- The Board of Directors of Taj Systems, Inc. (PINKSHEETS: TJSS) recently announced their plans to move the company to Europe assessing the top three sites; Gibraltar, Malta, and Isle of Man. Upon a thorough analysis of these gaming friendly jurisdictions, the Board has agreed to re-domicile Taj Systems in Malta.

"We're thrilled about our decision to move the company to Malta," said Taj Systems President Carl Gessner. "It's a beautiful island in the Mediterranean with a rich history, stable economy, and strong communications infrastructure. Plus having a vibrant gaming industry and quality standard of living, our choice was very easy."

Malta possesses a respectable reputation of being a well-regulated jurisdiction, further increasing Taj's credibility as a top player in the industry. The country's multilingual English speaking population and favorable corporate tax structure also add to its appeal.

For a young, aggressive company already experiencing double-digit monthly growth rates, this is a well-timed move for Taj Systems, and should prove to be very beneficial. The Taj Board of Directors has confirmed the company will complete the transition to Malta this calendar year.

Taj Systems will be in good company positioned in a hotbed of successful gaming operators. According to eGaming Review, today there are more than 140 gaming companies, including the top players in the industry holding licenses issued by the Lotteries and Gaming Authority (LGA) of Malta.

As a software developer in the gaming industry, Taj Systems is credited for creating the first true online multi-player three-card Poker game, also known as Teen Patti. More information about the company and its software products may be found on the corporate website A demonstration of Taj Systems' software may be seen at

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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 of 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.

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