EXHIBIT 99.1

               [TRANSACT TECHNOLOGIES INCORPORATED COMPANY LOGO]

TRANSACT SIGNS FIVE YEAR CONTRACT EXTENSION WITH GTECH

Wallingford, CT - February 23, 2006 - TransAct Technologies Incorporated
(Nasdaq: TACT), a leading producer of transaction-based printers for customers
worldwide, today announced that it has signed a five-year contract extension
with GTECH Corporation (NYSE: GTK), a leading global gaming and lottery
technology and services company. The contract will now extend through June 2012.

Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct
Technologies commented, "GTECH has been one of TransAct's largest and most
valued customers for more than 10 years. Given GTECH's leading position in the
lottery industry worldwide, we are pleased that they have agreed to extend our
existing contract for an additional five years."

ABOUT TRANSACT TECHNOLOGIES INCORPORATED
TransAct Technologies (Nasdaq: TACT) designs, develops, assembles, markets and
services world-class transaction printers under the Epic(R) and Ithaca(R) brand
names. Known and respected worldwide for innovative designs and real-world
service reliability, TransAct's impact, thermal and inkjet printers generate
top-quality receipts, tickets, coupons, register journals and other documents.
The company focuses on two core markets: point-of-sale (POS) and banking, and
gaming and lottery.

TransAct sells its products to original equipment manufacturers, value-added
resellers and selected distributors, as well as directly to end-users. The
Company's product distribution spans across the Americas, Europe, the Middle
East, Africa, the Caribbean Islands and the South Pacific. In addition, TransAct
has a strong focus on the after-market side of the business, with a growing
commitment to printer service, supplies and spare parts. For further
information, visit TransAct's web site located at www.transact-tech.com.

ABOUT GTECH
GTECH is a leading gaming technology and services company. With more than $1.25
billion in annual revenues and 5,300 people in over 50 countries, GTECH provides
integrated technology, creative content, and business services to effectively
manage and grow today's evolving gaming markets. In targeted emerging economies,
GTECH also leverages its operational presence and infrastructure to supply
commercial transaction processing services.

CONTACTS:
FOR TRANSACT:
Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059 or David
Pasquale, 646-536-7006, or Denise Roche, 646-536-7008, both with The Ruth Group

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FORWARD-LOOKING STATEMENTS:
Certain statements in this press release include forward-looking statements.
Forward-looking statements generally can be identified by the use of
forward-looking terminology, such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "project" or "continue" or the negative
thereof or other similar words. All forward-looking statements involve risks and
uncertainties, including, but are not limited to, customer acceptance and market
share gains, both domestically and internationally, in the face of substantial
competition from competitors that have broader lines of products and greater
financial resources; introduction of new products into the marketplace by
competitors; successful product development; dependence on significant
customers; dependence on significant vendors; the ability to recruit and retain
quality employees as the Company grows; dependence on third parties for sales
outside the United States, including Australia, New Zealand, Europe and Latin
America; economic and political conditions in the United States, Australia, New
Zealand, Europe and Latin America; marketplace acceptance of new products; risks
associated with foreign operations; availability of third-party components at
reasonable prices; price wars or other significant pricing pressures affecting
the Company's products in the United States or abroad; and the outcome of
lawsuits between TransAct and FutureLogic, Inc. Actual results may differ
materially from those discussed in, or implied by, the forward-looking
statements. The forward-looking statements speak only as of the date of this
release and the Company assumes no duty to update them to reflect new, changing
or unanticipated events or circumstances.

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