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Electronic poker designer PokerTek sets terms

August 4, 2005

PokerTek, a software firm that is currently developing the PokerPro system, an electronic poker table that provides a fully-automated poker-room environment, filed terms Thursday afternoon. The NC-based company plans to offer 2.0 million shares at a range of $10-$12. Assuming the stock prices at the midpoint, PokerTek will have an initial market capitalization of $102 million. Feltl and Company is the sole underwriter on the deal. Timing has yet to be determined.