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Microcap & Penny Stocks : OTC BB HOT SHORT TERM PLAYS (news,rumors,shake downs,gaps)

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To: CIMA who wrote (146)	6/29/1999 8:58:00 AM
From: cabernetfranck	Read Replies (1) of 165

Here it is for OGPS. Frank C. June 29, 1999 Omicron Enters Joint Venture To License Premier Internet Gaming Software Omicron Technologies, Inc. (OTC BB: OGPS) has completed a joint venture agreement with Double Mastery, Ltd, a private Nevis, West Indies corporation. Double Mastery's management has several years of experience in the online gaming industry providing a comparative advantage in the rapid development of the joint venture. Each party will own 50% of the newly formed company. The company will license, at a lower cost, the premier turn-key Internet gaming software available to those interested in entering the online gaming industry. Each licensee will be supplied with a customized, full-service Internet gaming system, including virtual casino games and sports betting. Customers will be able to place wagers via a secure, online financial transaction system. The gaming technology will be licensed to independent operators in exchange for a percentage of the net revenues generated by their casino websites. The joint venture expects to license over 50 casino websites within the next six months generating in excess of $10M in total revenues and over $1M to Omicron. The private software company acquisition announced on June 8, 1999 is nearing completion. This company will provide technical and systems support for the joint venture's operations. In addition to providing Omicron with website development services for its own "Lucky Eight Casino" website, the software company will assist new licensees with the development of their casino websites through the joint venture company.

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