Online Gaming Systems - OGAM - Announces Inclusion in Comprehensive Bear Stearns - BSC - Internet Gaming Report
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 12, 2000--Online Gaming Systems Ltd. (OTCBB: OGAM) is pleased to announce today that it was one of six internet companies featured in Bear Stearn's latest gaming report entitled "Internet Gaming: Endangered Species or Rising Star". According to the report, which was released January 11, 2000, Online Gaming Systems was designated, along with a small group of peers, as a company that investors should recognize as being at the forefront of the industry.
Richard Iamunno, Online Gaming's President & CEO stated, "We are pleased to be a featured company in the Bear Stearns Internet Gaming report and have the utmost respect for Jason Ader and his team. In our view, this piece of work is the most comprehensive, detailed account of our industry to date, and we believe investors who are looking for opportunities to invest won't find a better place to conduct their due diligence." Iamunno added, "We look forward to participating on the Internet gaming panel at the American Gaming Lodging & Leisure Summit 2000 in February. It will give Online Gaming a well respected platform, from which to discuss this fast growing, dynamic industry."
Online Gaming Systems, Ltd. (www.ogsltd.com) develops and markets Internet and private network transaction based products that it only offers to licensed gaming operators in regulated jurisdictions. These products include: Internet Casino Extension(TM) (ICE(TM)), a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM) a lottery system for private, government and fund raising purposes; and Bingo Blast(TM) a multi-player system for charity and private organization use. The company also offers wireless and portable gaming devices through its Las Vegas based Excel Design, Inc., a wholly owned subsidiary and Anchor Gaming (SLOT) its exclusive North American distributor.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 7, 1999 and form 10Q filed November 18,1999.
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Contact:
Integrated Corporate Relations, Westport, Conn.
Tom Ryan, 203/222-9013
or
I.W. Miller Group Inc., Irvine, Calif.
Ira W. Miller or Larry Fortune, 949/833-9001 |
