NEWS RELEASE 12/12/96
Comanche Tribal Council Approves Agreement With Advanced
Gaming Technology, Inc.
PR Newswire - December 12, 1996 09:30
FINANCIAL AGTI CNO V%PRN P%PRN
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VANCOUVER, British Columbia, Dec. 12 /PRNewswire/ -- Advanced Gaming
Technology, Inc. (OTC: AGTI) is pleased to announce that the Comanche Indian
Tribe of Lawton, Oklahoma has approved the previously announced gaming
agreement between AGTI and the tribe (see press release dated January 16,
1996). The Tribal Chairman is authorized to execute that agreement on behalf
of the Comanches and to submit the agreement to the Native Indian Gaming
Association Commission for its review and approval. The agreement provides
for Advanced Gaming to receive 30% and the Comanche Indian Tribe to receive
70% of the net income from a 30,000 square foot Class II gaming/entertainment
complex.
The Comanche Entertainment and Cultural Center will serve as a show place
for the latest innovations in gaming technology, offer high stakes bingo, pull
tab and other legal Class II games. The facility will feature dining services
and a Comanche Nation Museum and Cultural Center.
The Company is looking forward to working with the Comanche Indian Tribe
on this exciting project.
Advanced Gaming Technology, Inc. designs, manufactures, markets and
services patented and proprietary gaming systems, including technologically
advanced electronic bingo systems. The Company is a major supplier of
electronic gaming systems, offering increased play potential and revenue to
gaming operators. Its stock trades under the symbol "AGTI" on NASD Electronic
Bulletin Board.
SOURCE Advanced Gaming Technology Inc.
CONTACT: Advanced Gaming Technology, Inc., 604-689-8841 |
