The following are the known press releases that can be found by entering newswire.ca:80/htmindex/stock.html, AGTI and following instructions.
ADVANCED GAMING TECHNOLOGY, INC. CORPORATE UPDATE
VANCOUVER, Jan. 10 /CNW/ - Pursuant to the previously announced
corporate reorganization, President and chief operating officer,
Firoz Lakhani today announced a further strengthening of AGTI's
management team by appointing David B. Jackson as Senior Vice
President.
``Mr. Jackson has extensive experience in sales/marketing and
corporate finance,'' said Mr. Lakhani, ``his business contacts and
affiliations are broadly based throughout North America, Europe and
the Pacific Rim. Mr. Jackson's responsibilities will include a wide
range of executive duties, corporate financing, and liaison with the
securities industry and investment community.'' Mr. Jackson can be
reached by contacting AGTI's head office at (604) 689-8841.
Furthermore, the Company is pleased to report that financing in
the amount of $1 million U.S. has recently been completed. Mr.
Jackson states that, ``an opportunity clearly exists for AGTI and
it's shareholders to benefit from the corporation's projects relating
to the gaming industry internationally and from the completion of
development of its technologically advanced proprietary software and
equipment (MAX Bingo Systems) for the North American bingo market.''
Advanced Gaming Technology, Inc. designs, manufactures, markets
and services patented and proprietary electronic bingo gaming
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 the NASD
Electronic Bulletin Board.
For further information: Noah Fields, ECOM Consultants (212)696-1133
12:16e 10-JAN-96
ADVANCED GAMING OPENING - VICTORVILLE INSTALLATION OF
MAX(Plus) COMPLETE BETA TESTING OF MAX(Lite) IN PROGRESS
VANCOUVER, Feb. 6 /CNW/ - Advanced Gaming Technology, Inc.
(NASD OTC: ``AGTI''), is pleased to announce the successful
installation of 200 Max(Plus) units in a state-of-the-art, fully
electronic bingo hall located in Victorville, California approximately
90 miles northeast of Los Angeles. The anticipated grand opening is
slated for February 14, 1996. The Max(Plus) electronic bingo's track
record in the industry provided the confidence for the management of
the Victorville hall to proceed with AGTI.
The Max(Plus) is a video based system which allows for play of 50
games per session with 200 built-in game patterns. Player spend can
easily be tripled with the ability to play up to 300 cards per
game.
The company also announces that the beta site installation of
the Max(Lite) electronic handsets in Lemoore, California is complete,
and testing of the units is currently in progress. Mr. Rob Silzer,
Jr., Vice President Operations states, ``Testing has been very
successful and we are satisfied with the results thus far. Over the
next 60 days a complete evaluation will be undertaken to ensure that
the system is ready for the market launch.''
The Max(Lite) is a 12'' x 9'' wireless portable handset which
allows play up to 300 cards per game and stores up to 50 different
games. The Max(Lite) has a sleek, high tech look which is made of
durable high impact plastic.
The company anticipates full production of Max(Lite) handsets in
the second quarter of 1996. The contract for the manufacturing of the
molds has been awarded to the Minco Group of Dayton, Ohio.
Advanced Gaming Technology, Inc. designs, manufactures, markets
For further information: Ecom Consultants, (212) 696-1133,Advanced Gaming Technology, Inc.,
(604) 689-8841
09:04e 06-FEB-96
ADVANCED GAMING TECHNOLOGY, INC. AND SEGA GAMING
TECHNOLOGY, INC. EXECUTE AGREEMENT
VANCOUVER, Feb. 26 /CNW/ - ADVANCED GAMING TECHNOLOGY, INC.
(AGTI) and SEGA GAMING TECHNOLOGY, INC. (SEGA) have executed an
agreement whereby SEGA is supplying its Royal Ascot horse racing
machines to AGTI for installation in slot parlors in China.
The first of these machines is already en route to Haikou,
Hainan, Peoples Republic of China.
Mr. Douglas R. Sanderson, President of SEGA states, ``SEGA is
delighted with this opportunity to enter China with our machines in
association with Advanced Gaming Technology.''
Each Royal Ascot machine has 23 stations with free track system
which allows the horses to compete against each other in a realistic
(virtual reality) fashion. In addition to a fully animated center
track, the race is displayed on a 50'' monitor screen enhancing the
excitement of the action, which is programmed with 16 million
combinations.
The projected annual gross revenue from each machine is
approximately US$900,000 to AGTI. AGTI plans to install SEGA's Royal
Ascot in at least six of its slot parlors, as well as facilities
operated by others on a joint venture basis.
For further information: David B. Jackson, Sr. Vice President,(604) 689-8841
11:54e 26-FEB-96
ADVANCED GAMING TECHNOLOGY, INC. UPDATE
VANCOUVER, March 21 /CNW/ - ADVANCED GAMING TECHNOLOGY, INC.
(AGTI) is pleased to announce that grand opening celebrations at the
Victorville, California fully electronic bingo hall will continue for
the next thirty days featuring special games, drawings and prizes.
The Victorville hall is a state-of-the-art bingo facility with 200
AGTI MAX(PLUS) units and is the first all electronic bingo hall to
open in the U.S.
The MAX(PLUS) is a video/computer based system which allows for
play of hundreds of bingo cards simultaneously. Electronic MAX(PLUS)
play dramatically increases bingo profits.
Mr. Jim Hatcher, owner of the Victorville hall states, ``The
MAX(PLUS) system is incredible, our customers are amazed and
impressed. My hat's off to AGTI as we look forward to a long and
successful relationship with AGTI in Victorville and all other
future locations.'' AGTI's projected revenue from this installation
will approximate $650,000 annually.
NEW ORDERS FOR MAX(PLUS)
The company has received two orders for an additional 30
MAX(PLUS) units which are being installed in the Oakland/Santa Clara
area of California. These installations will result in $131,400
annual revenue to AGTI.
ELECTRONIC HANDSET TESTING SUCCESSFUL
AGTI is exceptionally pleased with the performance of the beta
testing of the MAX(LITE) electronic bingo handset. The MAX(LITE)
is a 12''x9'' wireless portable handset which allows play of up to
300 cards per game and stores up to 50 different games.
Player response to the MAX(LITE) has met all expectations.
Industry response has been exceptional. Bingo managers throughout
North America are expressing enthusiasm for these hand held units.
Plans for mass production are being fast tracked with installations
commencing in May 1996.
For further information: David B. Jackson, Sr. Vice President(604) 689-8841
08:31e 21-MAR-96
ADVANCED GAMING TECHNOLOGY, INC. - MARK T. SAMMON
APPOINTED VICE PRESIDENT SALES
VANCOUVER, April 30 /CNW - April 30, 1996 - ADVANCED GAMING
TECHNOLOGY, INC. (AGTI) is pleased to announce the appointment of Mr.
Mark T. Sammon as Vice President, Sales and Marketing effective May
6, 1996. Mr. Sammon comes to AGTI with several years of experience
in sales and marketing in the bingo industry throughout the United
States and Canada.
Mr. Sammon's impeccable reputation and vast experience in the
bingo industry includes position of Director of Sales and Marketing
with one of the world's largest bingo supply companies, as well as
having served as General Manager of a major Indian Bingo Hall.
Mr. Sammon's responsibilities at AGTI will include all aspects
of marketing the Company's MAXLITE and MAXPLUS Bingo Systems.
AGTI management and staff welcome Mr. Sammon to the Company.
The MAXLITE is a 12 in. x 9 in. wireless portable handset which
allows play of up to 300 cards per game and stores up to 50 different
games. The MAXLITE has a sleek, high tech look which is made of
incredibly durable high impact plastic and will give users years of
reliable use. One other noteworthy advantage to the portable unit is
that it gives the player freedom to move about the hall, to get
comfortable, visit concessions, play pull tabs or even visit with
other players throughout the hall. After the bingo game,
verification and summary of sales are a snap with the MAXLITE
security and accounting software packages.
The MAXPLUS is a video/computer based system which allows for
play of 50 games per session with 180 built-in game patterns. Player
spend can easily be tripled with the ability to play up to 300 cards
per game. The plus to this system is that it offers the option of
selecting our speed bingo game, (x)(Keno/Jacks or Better Poker) as
available games for players. This system also generates a session
summary itemizing all purchases on a per unit and aggregate basis.
(x) Option available with appropriate authorization and after
meeting all other legal requirements.
For further information: David B. Jackson, Sr. Vice President, (604) 689-8841
12:15e 01-MAY-96
ADVANCED GAMING TECHNOLOGY, INC. MAXLITE BETA TESTING
-SUCCESSFULL
VANCOUVER, May 14 /CNW/ - ADVANCED GAMING TECHNOLOGY, INC.
(AGTI) is pleased to announce the successful beta-testing of its
MAXLITE Electronic Bingo handset at Lemoore, California. Based on
these results, the Company has decided to proceed to the
manufacturing stage.
MAXLITE Bingo System is the newest addition to the AGTI bingo
product line, which allows users to play up to 300 bingo cards per
game as well as storing up to 50 different games. The Unit is a
light, easy-to-carry devise measuring 12''x 9'' and is the first
portable system that uses AGTI's patented system processing which
enables it to play trouble free bingo. In addition, the Unit
utilizes an automatic daubing system through use of an innovative
radio frequency system. This feature allows patrons to socialize
during a bingo session and still operate up to 300 cards.
The Board of Directors has reviewed proposals from manufacturing
companies for MAXLITE and has made its selection. The Company
has aw`rded the initial contract for three thousand MAXLITE handsets
with expected delivery within 6 weeks. The Company anticipates the
second order to be placed within 60 days.
For further information: David B. Jackson, Sr. Vice President (604)689-8841
11:18e 14-MAY-96
SUPER BINGO A NEW PROJECT BY SEGA AND AGTI
VANCOUVER, May 30 /CNW/ - Advanced Gaming Technology, Inc.
(AGTI) announces that a Letter of Intent has been executed with SEGA
Gaming Technology, Inc. to manufacture and test a new electronic
Bingo game called ``SUPER BINGO'' (a fast action Class II Speed
Bingo) with the first product available for testing by July 1, 1996.
``SUPER BINGO'' is a high stakes electronic speed bingo unit
capable of playing up to 300 cards simultaneously in 60 second
intervals. Each ``SUPER BINGO'' will be available in various styles
capable of accommodating from 4 to 50 stations. Each location will
be custom designed.
World-wide marketing of ``SUPER BINGO'' will attract traditional
bingo players as well as appealing to high stakes participants. A
player can bet any number of cards up to 300. ``SUPER BINGO'' is a
modular compact unit, allowing efficient use of floor space. The
system is capable of being networked throughout gaming halls
(casinos, cruise ships), a city or even a country (dependent upon
regulatory approvals), thus facilitating major progressive jackpots.
SEGA's and AGTI's market research suggests that based upon
average usage of 44% (low of 29%, high of 50%) worldwide net revenues
could exceed $38 million annually.
SEGA Gaming Technology, Inc. is a leading developer,
manufacturer and supplier of gaming software and hardware. SEGA
prides itself as the world leader in home entertainment video
technology, as well as theme parks and cable T.V. to the extent that
SEGA is a household name in the entertainment industry.
The ``SUPER BINGO'' project combines the SEGA reputation in
gaming and entertainment and AGTI's knowledge of Bingo and their
proprietary MAX Bingo Systems.
SEGA Gaming Technology, Inc. is a subsidiary of SEGA
Enterprises, Ltd. of Japan.
For further information: David B. Jackson, Senior Vice President, (604) 689-8841
ADVANCED GAMING TECHNOLOGY, INC. ANNOUNCES
MANUFACTURING STAGE FOR NEW PRODUCT, MAX(LITE)
VANCOUVER, June 10 /CNW/ - Advanced Gaming Technology, Inc.
(AGTI) announces that the Company has now entered the manufacturing
stage for its new product called the MAX(LITE). This transition from
research and development to manufacturing took place on May 14, 1996.
The Company has paid its manufacturers and developers in excess of
US$1 million for the first production run of 3,000 MAX(LITE)
handsets, which ensures their availability to the market in July
1996.
The MAX(LITE) is an electronic, portable handset system that is
designed to increase the ``play'' of bingo. The machine is
``driven'' by a proprietary software package that is trademarked by
AGTI.
Mr. Mark Sammon, Vice President of Sales and Marketing is
presently committing the Company to delivery dates for the first
3,000 MAX(LITE) handsets. Mr. Sammon reports that initial acceptance
of the MAX(LITE) is very strong. In addition, the Company expects
further orders for the Company's MAX(PLUS) fixed based bingo system.
The MAX(LITE) underwent ``beta testing'' from February 1996
through May 1996 at a bingo parlor in California. The results of the
beta test were excellent in all areas of operation, including
customer acceptance.
AGTI's 1996 business plan projects the leasing of 8,000 to
10,000 MAX(LITE) handsets prior to year end.
Management is forecasting net income (before taxes) from
operations of US$6 million for 1996. The Company expects to report
positive cash flow in the third quarter of 1996.
Since December 1995 the Company has raised US$4.7 million
through private placements and convertible notes and has converted
US$677,000 of debt to equity.
For further information: David B. Jackson (604) 689-8841
14:43e 10-JUN-96
ADVANCED GAMING TECHNOLOGY, INC. ANNOUNCES LETTER OF
AGREEMENT WITH THE THOMPSON GROUP
VANCOUVER, June 19 /CNW/ - Advanced Gaming Technology. Inc.
(AGTI) announces that a Letter of Agreement has been executed with
the Edward Thompson Group (United Kingdom) to design, manufacture and
lease a fully portable, new electronic handset (Parti Max) designed
exclusively for the United Kingdom style bingo market, which is one
of the largest markets in the world.
Initially the new product will be targeted at approximately 960
bingo clubs that operate in the United Kingdom. Market research
indicates a potential placement of from 50 to 200 handsets per bingo
club. The United Kingdom bingo industry accommodates 3,000,000 bingo
players per week with over 200,000 commercial players per night, with
over Pounds Sterling 800,000,000 wagered in commercial halls per
annum. Parti Max will increase game activity and streamline the
costs of operations and is a valued addition to AGTI's MAX(TM) Bingo
Systems.
The Agreement between the parties provides for Advanced Gaming
to contribute its technology; design, develop and manufacture the
handset. Introduction and beta testing of the newly designed
electronic handset is expected in the fourth quarter of 1996.
Revenues will be shared equally between the parties.
The Edward Thompson Group's responsibilities will be marketing,
leasing, installation and servicing of the products in the United
Kingdom. Edward Thompson Group, a privately held company, has nearly
750 employees and has its corporate headquarters in Sunderland,
England, and is the leading manufacturer and supplier of bingo paper
and bingo related products in England and the United Kingdom.
AGTI has appointed Alex Shevis as General Manager of its United
Kingdom operations. Mr. Shevis has an extensive background in the
bingo industry and recently directed technical projects for one of
North America's largest bingo supply companies. Mr. Shevis will be
based in Sunderland, England where AGTI has established an office.
Paul Willems, Executive Vice President of AGTI and responsible
for the company's United Kingdom operations, remarks that, ``We are
very excited about our relationship with the Edward Thompson Group.
Our market research indicates that the United Kingdom is ready for
high technology bingo. The United Kingdom bingo industry already
conducts a modified version of speed bingo that will be greatly
enhanced by our patented technology. This new product is a natural
progression of AGTI's MAX(TM) Bingo System. Our relationship with
the Edward Thompson Group will serve as a launching pad for AGTI into
the extensive European bingo market.''
For further information: David B. Jackson (604) 689-8841
11:35e 19-JUN-96
ADVANCED GAMING TECHNOLOGY, INC. INTRODUCES NEW
PRODUCT TO NORTH AMERICAN BINGO INDUSTRY
VANCOUVER, August 2 /CNW/ - Advanced Gaming Technology, Inc.
(AGTI) is extremely proud to introduce its new product, MAXLITE, to
the North American bingo industry. The first commercial installation
of this product will be effected in early August.
AGTI has spent three years in research and development for the
new product. The company believes that the product represents the
state-of-the-art electronic bingo system. The MAXLITE is a fully
portable, hand-held electronic unit that is capable of playing 300
bingo cards simultaneously. Features of the product include automatic
daubing, a liquid crystal display (LCD) for advertising, and can be
controlled by radio frequency.
Mark Sammon, V.P. Marketing and Sales, reports that the new
product has already drawn considerable amount of interest throughout
the bingo industry in North America. The company is expecting MAXLITE
to become the premiere product of choice in the electronic segment of
the bingo industry due to its various attributes which are documented
in the company's previous news releases.
AGTI's new and expanded technical center located in Phoenix,
Arizona will be responsible for installation and servicing the
product. AGTI prides itself on the quality of its products and is
recognized in the industry for the high quality of service it offers
to the customer. Currently, the company is booking installations for
its first 3OOO MAXLITE handsets to be placed in the months of August,
September and early October 1996.
Bob MacKay, Chief Financial Officer of the company, reports that
the 1994 and 1995 audited financial statements and the first and
second quarters of 1996 have now been completed. With the first run
of 3000 MAXLITE units, when placed in the market, the projected
revenues should, for the first time in the history of the company,
show an operating profit. ``Our financial position and the trend of
our revenue growth have both shown substantial improvement over the
first six months of 1996 versus the entire 1995 year.'' Furthermore,
AGTI is preparing to apply for ``full reporting'' status with the
stock exchange. This ``full reporting'' application of the company is
expected to be completed during the 1996 year.
Robert Silzer, Chief Executive Officer, states, ``Our company
invested approximately $15,000,000 while we were in the research and
development stage since 1991. We have hired experienced engineers,
software designers and senior level managers, and we have established
business relationships with strong quality-minded corporations like
Sega Gaming, U.S.A., the Edward Thompson Group in the United Kingdom
and Unidesa de Desarrollos Electronics SA (Cirsa) in Spain. We have
been preparing our company for significant sustained growth and I am
now confident that we are at the turning point.''
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.
For further information: David B. Jackson (604) 689-8841
10:31e 02-AUG-96
ADVANCED GAMING TECHNOLOGY, INC. - CORPORATE UPDATE
VANCOUVER, Sept. 26 /CNW/ - Advanced Gaming Technology, Inc. (AGTI)
reports to shareholders a series of corporate events including product
development, financing commitment and additions to corporate personnel.
Management is pleased with the progress these accomplishments represent. As
a result, management is cautiously optimistic that Advanced Gaming's
shareholders can look forward to the Company turning towards an operating
profit during the 4th quarter of 1996.
MAX(LITE)
The Company's new product, the MAX(LITE) handset, was introduced at the
National Indian Gaming Association (NIGA) Trade Show and Convention in Denver,
August 27-29. The handset was extremely well received. The Company has
booked firm orders at the show both for the MAX(LITE) and MAX(PLUS) units.
Installations for MAX(LITE), MAX(PLUS) and Speed Bingo are booked for the
balance of the year and into early 1997 throughout the United States. Mark
Sammon, Vice President, Sales & Marketing, reports that the reception in the
marketplace for the handset is extremely positive.
MAX SPEED BINGO
AGTI is pleased to announce that its new MAX Speed Bingo Game will be
formally introduced at the World Gaming Conference in Las Vegas, October 1, 2,
and 3, 1996. MAX Speed Bingo is currently in operation at a site in
California where it has proved to be very successful. The California
location, where 200 MAX(PLUS) units are operating, reports that the speed game
attracts a substantial level of participation, and its popularity brings a
near capacity play.
SEGA
Sega Gaming Technology, Inc. and Advanced Gaming will be introducing
their new product, SONIC BINGO, at the Las Vegas World Gaming Conference,
October 1, 2 and 3, 1996. This product, developed in partnership with SEGA,
will be marketed on a world-wide basis by Sega and AGTI. Sonic Bingo is a
sophisticated, Vegas-style rapid play game designed as either a stand alone
modular unit, or, as part of a networked progressive-linked system. Sega and
Advanced Gaming expect the product to be placed with traditional bingo halls,
cruise lines and casinos worldwide.
PERSONNEL
The Company, in order to meet the demand for its electronic bingo gaming
systems, has named Steven Krueckl as Compliance Officer. Mr. Krueckl's
responsibilities include satisfying licensing and other compliance
requirements for various gaming regulatory authorities throughout North
America.
The Company also reports the appointment of Mr. James Hammer as Sales
Manager for the Western Region of the United States. Mr. Hammer has enjoyed a
very successful career with a leading public gaming company, and his knowledge
of the industry, coupled with his vast network of contacts, will assist
towards enhancing AGTI's market penetration.
Mr. Paul Willems, formerly a senior officer of the Company, has requested
a change of his relationship with AGTI. Mr. Willems has acquired distribution
rights to market the MAX Bingo Systems in five states. He has been
instrumental in assisting AGTI through its research and development stage, and
now wishes to benefit directly from his association with the research and
development by distributing the MAX Bingo System.
REPORTING
The Company is in preparation of the necessary material for Filing with
the Securities and Exchange Commission to become a full reporting entity.
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.
For further information: Advanced Gaming Technology, Inc., (604) 689-8841
16:51e 26-SEP-96
ADVANCED GAMING TECHNOLOGY, INC - TRADE SHOW UPDATE
VANCOUVER, Oct. 15 /CNW/ - Advanced Gaming Technology, Inc. (AGTI)
reports the results of its participation at the World Gaming Conference in Las
Vegas on October 1, 2 and 3. The Company received a considerable amount of
interest in its two new products: MAX Speed Bingo and Sonic Bingo, a
progressive/linked speed bingo game.
Advanced Gaming Technology, Inc. formally introduced its MAX Speed Bingo
game, which is successfully operating in California (since March '96). Because
of the high degree of success that the speed bingo game has achieved,
interest within the gaming industry for this new product is escalating. Firm
orders for MAX Speed Bingo are continuing to build.
SEGA Gaming Technology (SGTI) and Advanced Gaming Technology jointly
introduced Sonic Bingo at the SEGA booth. The Sonic Bingo prototype received
a high level of interest from industry operators. Sonic Bingo appeals to the
industry because of its capability to play progressive/linked speed bingo at
multiple locations. Sonic Bingo's hardware can be custom designed to fit the
requirements of each casino, cruise ship and bingo hall. Sonic Bingo will be
beta tested for at least sixty days prior to full commercial production.
SGTI/AGTI are now receiving expressions of interest from the industry.
AGTI's MAX Bingo Systems product line now includes four games: MAXPLUS,
MAXLITE, MAXSPEED and Sonic Bingo (the SGTI/AGTI joint venture).
MAX Bingo Systems have been installed in the states of Connecticut,
Maryland, New Mexico, Oklahoma, Oregon and California with a total of 800
units now operating on a leased basis. This represents monthly lease revenues
of approximately $250,000, more than doubling of the Company's revenue base
from one month ago. The Company is therefore cautiously optimistic that it
will turn an operating profit during the fourth quarter.
Advanced Gaming Technology, in order to maintain quality product and
provide a high standard of service, is systematically installing MAX Bingo
Systems on a weekly basis. The Company is training additional staff for its
expanded technical center in Phoenix, Arizona. These steps are being
carefully executed to ensure maximum reliability of installations and the
highest standard of operational training for customers. Since the Company's
business is now being demand-driven by orders for product, management is
taking all the steps necessary to conduct its business around this demand.
AGTI is very pleased with the strong performance of its products, and the
resulting heavy flow of orders for the MAX Bingo Systems. The Company leases
its products to gaming hall operators throughout the United States.
For further information: Advanced Gaming Technology, Inc., (604) 689-8841
11:51e 15-OCT-96
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