| To: TokyoMex who wrote () | 1/10/2000 2:22:00 PM | | From: Dr. Microcap | | | |
Europa Cruises Corporation Announces Sale of M/V Europa Sun
MADEIRA BEACH, Fla., Jan. 10 /PRNewswire/ -- Europa Cruises Corporation (OTC Bulletin Board: KRUZ) announced today that on December 30, 1999, it entered into an Agreement for the Purchase and Sale of a Vessel and Business Assets for a total purchase price of Four Million, Six Hundred and Fifty Thousand Dollars ($4,650,000). The Company agreed to sell the M/V Europa Sun, certain equipment, and any transferable lease rights it had to its Miami Beach, Florida port to Stardancer Casino, Inc. The purchase price includes the payment by the Purchaser over time of approximately $1,800,000 to Debis Financial Services, Inc., which holds a first mortgage on the Europa Sun. The payment to Debis will be secured with a $1,800,000 Letter of Credit. The remaining $2,850,000 is payable in three installments over the next sixty days of approximately $950,000 each. The Company is in receipt of a nonrefundable $950,000 deposit. The Company will retain title to the Vessel as security until the fall purchase price in the amount of $4,650,000 has been paid. The Company intends to use the proceeds of the sale to pay down a significant portion of the Company's debt.
Deborah A. Vitale, President of Europa Cruises Corporation, commenting on the sale stated: "The proceeds of this sale, coupled with the recent sale of the Stardancer in December, will place the Company on more firm financial footing and should allay any concerns as to the financial demise of the Company. The two sales are important steps in realizing our goal of becoming an essentially debt-free, asset rich entity and represent a strong strategic move for the Company. The direction of the Company is shifting to Mississippi where our greatest prospects for maximizing shareholder value rest."
Europa Cruises Corporation owns, operates and/or leases gambling ships. Until the sale of the Sun, the Company owned three vessels, including the Sun, which it chartered to Stardancer Casino, Inc. The Company now owns two vessels. The Company operates one of its vessels, the M/V Europa Sky, out of Madeira Beach, Florida. The Company offers day and evening gambling cruises which include Las Vegas style gaming, including blackjack, slot machines, craps, and roulette in addition to dining, dancing and entertainment.
The Company, through its wholly owned subsidiary, Casino World, Inc., intends to build a destination casino resort and hotel at its 404 acre site on the Bay of St. Louis in Diamondhead, Mississippi. The site, which is located immediately off Interstate 10, is adjacent to a site on which Mandalay Resort Group, previously known as Circus Circus Enterprises, Inc., also intends to develop a destination casino resort and hotel.
The business of the Company is subject to risks and uncertainties. The development of the Diamondhead, Mississippi project is also subject to risks and uncertainties which include those relating to permitting, financing, the activities of environmental groups, the outcome of litigation and the actions of federal, state, or local governments and agencies.
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SOURCE: Europa Cruises Corporation
CONTACT: John R. Duber, Director and Director of Investor Relations of Europa Cruises Corporation, 440-331-0194 |
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| To: TokyoMex who wrote () | 1/11/2000 9:54:00 AM | | From: Dr. Microcap | | | |
Tuesday January 11, 9:05 am Eastern Time
Company Press Release
SOURCE: Networks North Inc.
Networks North Inc. Announces an Advertising and Sponsorship Agreement With The GM Card(R)
NASDAQ:NETN
TORONTO, Jan. 11 /CNW-PRN/ - Networks North Inc. (NASDAQ: NETN - news) announced today that its subsidiary NTN Interactive Network Inc. (NTNIN) has entered into a three (3) year advertising/sponsorship agreement with The GM Card© through its agency.
NTNIN has launched an aggressive sponsorship and advertising campaign promoting ``The GM Card©' on the NTN Network broadcast to over 530 subscribing pubs and restaurants across Canada. NTNIN's unique advertising medium offers The GM Card© access to an untapped - captive audience of more than 3 million viewers per month.
The GM Card© is the title sponsor of one of NTNIN's most successful programs - The GM Card Match & Win Game which challenges the player to match the score posted at the start of every GM Card Game instead of achieving the highest score. The 1/2 hour interactive program will begin airing in February 2000 and can be played Monday, Tuesday and Wednesday nights only on the NTN Network. Substantial prizes will be awarded to players who match as well as a superior grand prize.
``We are delighted that this agreement is such a great fit for both NTNIN and GM..it gives NTNIN a chance to increase revenues through a whole new channel' says Dave Redgers, President of NTNIN. The GM Card© applications are now available at each participating NTNIN subscribing location across the country. With The GM Card© as the official credit card of the network, NTNIN will gain revenue from each valid application returned to General Motors.
NTNIN's audience is young, well educated, and affluent. Eighty percent of players fall into the attractive 18-49 age category, eighty percent are college educated and the average household income is over $50,000. Current advertisers including Pennzoil, Headline Sports, Pro-Line, Lotto 6/49 and The Canadian Football League to name a few, have found this highly desirable combination irresistible.
The NTN Network is the world's leading network of live, interactive entertainment available in pubs and restaurants across North America. Last month, 3.1 million Canadians coast to coast watched and played big-name sports, games and live event programs. NTN Interactive Network Inc. (NTNIN) is the exclusive Canadian licensee of NTN Communications, Inc. (AMEX:NTN - news) a leading producer and programmer of interactive television, on-line and Internet entertainment.
Networks North Inc.'s other operating units include wholly owned Magic Lantern Communications Ltd., Interlynx Multimedia Inc. and GalaVu Entertainment Network Inc. Magic Lantern is Canada's premier distributor of educational media resources, with exclusive rights to over 14,000 titles in English and French. Magic subsidiaries provide MPEG encoding, DVD authoring, video duplication, and fulfillment services for broadcasters. Interlynx Multimedia Inc. is a developer of web-based interactive software in the areas of training, knowledge management and e-business. GalaVu Entertainment Network Inc. is a technology-based entertainment provider of interactive in-room entertainment systems for over 200 hotels in Canada.
SOURCE: Networks North Inc.
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More Quotes and News: Networks North Inc (NasdaqSC:NETN - news)
Related News Categories: computers, internet, telecom
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| To: TokyoMex who wrote () | 1/11/2000 12:13:00 PM | | From: Dr. Microcap | | | |
(PR Wires) PRW: Pen Interconnect Announces Sale of its PowerStream Tech
PRW: Pen Interconnect Announces Sale of its PowerStream Technology Division
IRVINE, Calif.--(BUSINESS WIRE)--Jan. 11, 2000--Pen Interconnect, Inc.
(OTCBB:PENC) announced today that it has sold its PowerStream Technology
division, headquartered in Orem, Utah, to a Utah-based company. Terms of the
sale were not disclosed.
"This is the initial step in a series of consolidations by Pen
Interconnect," said Stephen Fryer, Pen Interconnect President & CEO. "We are
continuing the restructuring that started early in 1999 to make Pen
Interconnect a more growth-oriented company," Fryer said.
"This infusion of new capital into PowerStream Technology will greatly
assist its development efforts and provide the ability to increase the
market penetration for our custom power products," said Daniele Reni,
President of PowerStream Technology. PowerStream Technology designs and
manufactures products including battery chargers, power supplies and DC/DC
convertors for a national and international market.
Pen Interconnect (OTCBB:PENC) provides the total manufacturing solution for
manufacturers, including circuit and board design, mechanical and product
design, prototype and volume board assembly and test, system services, and
custom power supply and battery changer design. It is headquartered in
Irvine, California.
VISIT THE PEN INTERCONNECT WEB SITE at pen-interconnect.com
CONTACT: Pen Interconnect, Inc.
Stephen Fryer, 949/798-5881
or
American Financial Communication
Jeff Lamberson, 415/380-3880
08:32 EST JANUARY 11, 2000
*** end of story *** |
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| To: TokyoMex who wrote () | 1/12/2000 10:31:00 AM | | From: Dr. Microcap | | | |
Networks North Inc. to address reported earnings in conference call
NASDAQ:NETN
Open line conference call on Tuesday, January 18th at 4:15 p.m. EDT to discuss First Quarter results
TORONTO, Jan. 12 /CNW-PRN/ - Networks North Inc. (NASDAQ: NETN) will file its Form 10-Q, first quarter report, on Friday, January 14th, 2000.
As a follow up to the company's filing of its Form10-Q for the quarter ended November 30, 1999, Networks North Inc.'s CEO/President, Peter Rona and C.F.O, Don Pagnutti, will be available to discuss the latest company developments and to present a long-term strategic outlook for Networks North as part of an "open line" teleconference scheduled for Tuesday, January 18th, 2000, beginning shortly after the market close at 4:15 p.m. EDT (3:15 p.m. Central; 2:15 p.m. Mountain/1:15 p.m. Pacific).
All current and prospective shareholders, institutional portfolio managers, investment bankers, securities analysts, members of the brokerage community, representatives of the trade and general business media, and other interested parties are welcome to participate in this conference call.
To take part in the teleconference call, which can be accessed toll-free from anywhere in the U.S. and Canada, participants are required to dial 1-800-374-6564, request conference call No. C361430, register their name, and inform the operator they are calling for the Networks North conference call.
Networks North Inc., the "3-E Company" specializes in interactive entertainment, education and e-business. Operating units include wholly owned NTN Interactive Network Inc., Magic Lantern Communications Ltd., Interlynx Multimedia Inc. and GalaVu Entertainment Network Inc. NTNIN is the exclusive licensee of NTN Communications, Inc. (AMEX: NTN) a leading producer and programmer of interactive television, on-line and Internet entertainment. Magic Lantern is Canada's premier distributor of educational media resources, with exclusive rights to over 14,000 titles in English and French. Magic subsidiaries provide MPEG encoding, DVD authoring, video duplication and fulfillment services for broadcasters. Interlynx Multimedia Inc. is a developer of web-based interactive software in the areas of training, knowledge management and e-business. GalaVu Entertainment Network Inc. is a technology-based entertainment provider of interactive in-room entertainment systems for over 200 hotels in Canada.
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SOURCE: Networks North Inc.
CONTACT: Peter Rona, President, Networks North Inc., Tel: 416-675-6666, Email: prona@ntnc.com; I.W. Miller, I.W. Miller Group Inc., Tel: 949-833-9001, Email: fortune@minspring.com |
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| To: TokyoMex who wrote () | 1/12/2000 12:36:00 PM | | From: Dr. Microcap | | | |
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.
--------------------------------------------------------------------------------
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 |
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| To: TokyoMex who wrote () | 1/18/2000 9:05:00 PM | | From: Dr. Microcap | | | |
OT: Tuesday January 18, 8:36 am Eastern Time
Company Press Release
SOURCE: Players Network
Players Network Signs Agreements with iTravel Marketing and Youticket.com
LAS VEGAS, Jan. 18 /PRNewswire/ -- Players Network (OTC Bulletin Board: PNTV - news) today announced the signing of agreements with iTravel Marketing and Youticket.com (OTC Bulletin Board: UTIX - news), both of Las Vegas, Nevada. iTravel Marketing specializes in e-commerce Internet solutions and has designed e-commerce software for use on the Internet. iTravel Marketing also provides a successful worldwide golf tee-time and hotel reservation online service. Youticket.com is an online source to purchase tickets for Las Vegas shows and tours.
Under the terms of the agreement with iTravel, Players Network will receive access to iTravel Marketing's golf, hotel and travel inventory for their PlayersNetwork.com gaming and entertainment Internet portal. PlayersNetwork.com will market this inventory on the site with revenues split between the two companies. iTravel Marketing is in the process of completing the setup of PlayersNetwork.com's e-commerce online store and will continue to provide Internet consulting, design and support for PlayersNetwork.com. In return for the services of iTravel Marketing, Players Network agreed to provide numerous video production services and media for iTravel.
PlayersNetwork.com will also receive access to Youticket.com's inventory of show tickets and tours to market on the site. PlayersNetwork.com will receive commissions on every show ticket and tour which is purchased directly from their site.
Commenting on the agreements, Players Network President Mark Bradley said, ``The agreement with iTravel Marketing provides us with another product to market on our PlayersNetwork.com website. This is in line with our goal of making this site a one-stop shopping extravaganza, with Players Network generating revenues from commissions on all sales which take place. iTravel is in the final stages of setting up our Players General Store e-commerce part of the site and we expect to announce the launch date shortly. The agreement with Youticket.com gives Las Vegas visitors another reason to visit our site prior to their trip. Visitors can now browse and pre-purchase tickets to shows and tours originating in Las Vegas right from our site.'
Players Network is the first and only digital 24-hour gaming and entertainment network which specializes in producing customized television programming to serve the rapidly growing gaming industry. Players Network delivers its 24-hour television channel directly into hotel and casino guestrooms. The Company's format is designed to educate new players and promote casino games and activities. With 180 million people per year visiting U.S. casinos, the industry is now the largest form of participant entertainment in the world. Programming includes shows on basic gaming instruction, news, sports and racing, entertainment and tournaments. Players Network has launched a gaming and entertainment Internet portal which will incorporate Players Network programming and information worldwide on the Internet.
Visit Players Network's Web Site: playersnetwork.com
SOURCE: Players Network
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| To: TokyoMex who wrote () | 1/18/2000 11:20:00 PM | | From: Dr. Microcap | | | |
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. (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.
--------------------------------------------------------------------------------
Contact:
Online Gaming Systems, Ltd., Boca Raton
Richard Iamunno, President & CEO
561/393-6685, Fax: 561/393-1485
or
Investor Relations:
Integrated Corporate Relations, Inc. Westport, Conn.
Tom Ryan, 203/222-9013
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| To: Dr. Microcap who wrote (34517) | 1/20/2000 12:34:00 PM | | From: gregor | | | | |
TSIS moving today up 27% to 42 cents.......something is happening...I've watched this stock for 2 years and have never seen a move like this...................they just bought out Paragon Interactive Voice Recognition ..Bill Gates says Interactive Voice is the place to be this year........... |
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