biz.yahoo.com
Thursday July 27, 9:30 am Eastern Time
Company Press Release
NorAm Gaming Hires Joyce Research as Company's Public Relations Firm
TOLEDO, Ohio--(BUSINESS WIRE)--July 27, 2000--Mr. George Zilba, Chairman and CEO, announced today that it has retained the firm of Joyce Research Group, Inc. of Boca Raton, Florida as the company's Public Relations firm. NorAm is embarking on a major awareness campaign of the company and its future intentions to the brokerage community. Joyce Research Group has major experience with the Investment community representing small cap stocks and making them aware of exceptional growth opportunities.
Mr. Zilba stated that ``this represents the first of a number of initiatives to bring support and further the company's growth plans.'' NorAm is presently in major discussions with a number of companies in the Gaming Industry regarding possible acquisitions and joint ventures.
Due to the recent defeat of Congressional Legislation intended to prohibit Internet Gaming, NorAm intends to aggressively move online with Internet Gaming. Mr. Zilba also stated, ``We are currently in negotiations with a software development firm to acquire marketing rights for North America to their gaming applications.'' The Internet Gaming market has been estimated by Bear Sterns, Investment Bankers, to be a $12.5 billion dollar annual market by the year 2001. Along with the company's online Pull-Tab game geared toward the charitable market place, NorAm intends to be building its gaming site, www.globalnetbet.com expecting it to be operational by Mid-September.
This statement includes projections of future results and ``forward looking statements'' as that term is defined in Section 27A of the Securities act of 1933 as amended (the ``Securities Act), and Section 21E of the Securities Exchange Act of 1933 as Amended (the ''Exchange Act``). All statements included in this release, other than statements of historical fact, are forward looking statements. Although management believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this statement, including, without limitation, in conjunction with those forward-looking statements contained in this statement. The company disclaims any obligation to update forward looking statements.
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Contact:
NorAm Gaming and Entertainment Co.
George C. Zilba, 734/888-1172 |
