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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle
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To: Catawbakid who wrote (200)11/25/1997 3:28:00 PM
From: C. Riley   of 441
 
Here's what I know about the VLTs... maybe someone has more to add...
The Nov. 3 press release said the boat had left for Venezuela
and they would arrive at the port the week of Nov. 16-23. The 23rd
was two days ago.

A coworker of mine spoke with Jeff on Sunday and was told that the
VLTs should be arriving now (which was on Sunday the 23rd). These
boats are not express shipments between two ports. They stop at
various points along the way and that's why the arrival date cannot
be exact.

Since Noram's license is with the Venezuelan government itself, I
can only hope that the VLTs will not be tied up in customs too long.
South America does however not move as fast as the U.S. As far as
the Dec. 15 date for installation, I have no news. I would not expect
problems if things take a few days longer than originally planned,
particularly if there is a delay in customs, as this would be a
delay on the government's part not Noram's.

I think a news release by the end of next week would be nice, but
hopefully the delay in news is either because Noram is too busy
with new business or they want the news to be something more than
simply saying the boat has arrived. I wouldn't complain if that's
all it said though.

Anyone else have any information to share?
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