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Multimedia announces tender offer results

Multimedia Games, Inc.

Class II game and system supplier Multimedia Games, Inc. announced the preliminary results of its modified “Dutch Auction” tender offer to purchase up to million in value of its common stock and the associated preferred share purchase rights, at a price per share not greater than .50 and not less than .25.

     Based on the preliminary count by the depositary for the tender offer, approximately 2,310,492 shares were properly tendered and not withdrawn at prices at or below $12.55 per share. As such, the company expects to purchase, on an 86 percent pro rata basis, approximately 1,992,032 shares of its common stock at $12.55 per share for a total cost of approximately $25 million.

          The results are preliminary and subject to verification by the depositary of the proper delivery of the shares validly tendered and not withdrawn. Final results of the tender offer, including the final proration factor, will be announced following the completion of the verification process.

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