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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: TokyoMex who wrote ()1/18/2000 11:20:00 PM
From: Dr. Microcap  Read Replies (1) of 34592
Tuesday January 18, 10:18 am Eastern Time
Company Press Release
Online Gaming Systems - OGAM - Announces Two Licensing Agreements for its Internet Bingo and Internet Lottery Products
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 18, 2000--Online Gaming Systems Ltd. (OTCBB:OGAM - news) announced today that it has signed two licensing agreements for its Bingo Blast and Lotto magic products.

The agreements with its new licensee, a Caribbean based privately held gaming operator, call for up-front payments totaling $225,000 in addition to an ongoing stream of recurring royalty and maintenance fees.

Richard Iamunno, Online Gaming's President & CEO stated: ``We are pleased to build on the momentum we have created in the first quarter by signing another material contract. It not only provides our shareholders with an up-front payment, but boosts our recurring earnings base that grows with every licensee.' Iamunno added: ``Online Gaming Systems is clearly positioned to reap the rewards of its hard work in 1999. During that time, we upgraded our entire product line and created the strategic alliances that have formed our platform for global growth. Our employees and shareholders should be pleased that each of our recently announced licensing agreements are a direct byproduct of these initiatives.'

Online Gaming Systems, Ltd. ( 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.


Online Gaming Systems, Ltd., Boca Raton
Richard Iamunno, President & CEO
561/393-6685, Fax: 561/393-1485
Investor Relations:
Integrated Corporate Relations, Inc. Westport, Conn.
Tom Ryan, 203/222-9013

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