Emanuel Hilario and Haydee Olinger Elected to Transact Technologies’ Board of Directors

Mr. Hilario, a Current Restaurant Industry Chief Executive, Brings
Extensive Operational Experience to TransAct’s Board

HAMDEN, Conn.–(BUSINESS WIRE)–TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in
software-driven technology and printing solutions for high-growth
markets, announced today that at its Annual Meeting of Stockholders on
May 28, 2019, the Company’s shareholders elected Emanuel P.N. (“Manny”)
Hilario and Haydee Ortiz Olinger to the Company’s Board of Directors.
Mr. Hilario is new to the Company’s Board and replaces Graham Tanaka,
who retired from the Board effective as of the Annual Meeting of
Stockholders, while Ms. Olinger has served on the Board since her
appointment on July 27, 2018. TransAct Technologies’ Board of Directors
remains at five members, four of whom are considered independent
directors under Nasdaq rules.

“As the current President and Chief Executive Officer of The ONE Group
Hospitality, a publicly-traded restaurant company that operates the STK
steakhouse chain, Manny brings to our Board of Directors significant
restaurant industry experience,” said Bart Shuldman, Chairman and Chief
Executive Officer of TransAct. “On behalf of the Board, I am delighted
to welcome him to TransAct. We look forward to benefiting from his
extensive experience in operating restaurants of all sizes and all
types, from full service to casual dining to quick serve. Alongside
Haydee, Manny greatly enhances our restaurant industry expertise, as we
continue to pursue the extensive opportunity that exists in the
restaurant and foodservice market with our new BOHA! ecosystem.”

Mr. Hilario has served as a Director at The ONE Group Hospitality since
April 2017 and as its President and Chief Executive Officer since
October 2017. Prior to joining The ONE Group Hospitality, he served as
Chief Financial Officer of Sizzling Platter, a franchisor operating more
than 400 restaurants (including brands such as Red Robin, Little
Caesars, Dunkin Donuts and Wingstop), from February 2015 to October
2017. He also served as Chief Operating Officer at Einstein Noah
Restaurant Group from 2013 to 2014 and served as Einstein Noah’s Chief
Financial Officer from 2010 to 2013. Additionally, he served as Chief
Financial Officer at McCormick & Schmick’s Seafood Restaurants from 2004
to 2009, and as Chief Financial Officer at Angelo and Maxie’s from 2000
to 2004, during which time he also spent two years managing the
concept’s day-to-day operations. He began his restaurant career at
McDonald’s, where he held various financial roles.

Mr. Hilario holds a BS from Santa Clara University and serves on the
board of the Denver Public School Foundation.

Haydee Olinger, who has been a great asset to the TransAct Board over
the past year, has over twenty years of senior management experience at
McDonald’s, most recently as Global Chief Compliance and Privacy Officer
from 2002 to 2015. Ms. Olinger was also responsible for leading finance,
franchise, tax and operations teams within many international markets
during her time at McDonald’s. Haydee has also served as a Senior
Advisor for BarkerGilmore since September 2017. She holds both a JD and
BS in Management and Business Administration from DePaul University and
holds a MS in leadership and Business Ethics from Duquesne University.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including restaurant solutions, POS automation, casino and
gaming, lottery, and oil and gas. The Company’s solutions are designed
from the ground up based on customer requirements and are sold under the
BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands.
TransAct has sold over 3.3 million printers and terminals around the
world and is committed to providing world-class service, spare parts and
accessories to support its installed product base. Through the TransAct
Services Group, the Company also provides customers with a complete
range of supplies and consumable items both online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in Hamden,
CT. For more information, please visit http://www.transact-tech.com
or call (203) 859-6800.

BOHA! is a registered trademark of TRANSACT Technologies Incorporated.
©2019 TRANSACT Technologies Incorporated. All rights reserved.

Contacts

Investors:
Steve DeMartino
President and Chief
Financial Officer
TransAct Technologies Incorporated
203-859-6810

Richard Land, Joseph Jaffoni, Jim Leahy
JCIR
212-835-8500 or tact@jcir.com

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