MATTHEWS, N.C. – Several executives at automated poker technology firm PokerTek (Nasdaq: PTEK) have either invested cash or cancelled debt in exchange for shares in the company.

Chief Executive Officer Mark Roberson was amonf the group that invested $260,000 in PokerTek at $1.36 per share. Gehrig White cancelled a portion of a note as the consideration for his part of the investment.

Other investors acquired $388,440 of PokerTek shares at a 10 percent discount, the company said.

Proceeds will be used for expansion of the company’s recently launched Blackjack Pro product.

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