Market Information Communication Initiates Coverage on Omicron Technologies, Inc.
Omicron Technologies, Inc.
Suite 400 - 114 Magnolia Street
Bellingham, Washington 98225
Toll-Free: (877) 903-2288 Website: omicrontechnologies.com
Omicron Technologies, Inc. (OTC:BB - OGPS) This aggressive high technology company has a variety of proprietary technologies, products, and services available to consumers worldwide. Led by an experienced management team geared toward maximum growth and investor profit potential, Omicron has already set the stage for a promising future.
COMPANY OVERVIEW
Omicron Technologies, Inc., is an exciting company with great potential for the investment community. The primary focus of the company is in two new, rapidly growing industries - digital imaging and Internet gaming. Management believes these two industries will see exponential growth in the coming years as the Internet becomes more accessible to people on a wider scale. The Company expects to gain significant market share in these sectors by focusing on niche markets and by the expedient and continuing development of its proprietary technologies.
PRODUCT LINE
DIGITAL IMAGING-This expansive industry is expected to grow to $23 billion dollars by the year 2002 for products utilizing image chip technology [In-Stat Group]. It is further determined that there will be an increase of 300% in the number of products sold.
Active Pixel Sensor (APS) Technology
Omicron Technologies made its mark into the high technology industry in 1998 with a joint venture agreement with ViaSpace Technologies LLC, of Pasadena, California, to commercialize an exciting new electronic imaging technology known as Complementary
Metal-Oxide-Semiconductor (CMOS) Active Pixel Sensor (APS). The technology was developed through NASA's Jet Propulsion Laboratory. The technology is radically new and is poised to significantly change the digital imaging industry in the new millenium. Key management personnel from JPL are assisting Omicron in the coordination of the commercialization of this technology.
APS technology was originally created for NASA's space program. The technology is an electronic "eye" that utilizes amplified pixels or picture element in a semiconductor chip. The new APS technology shadows the conventional Charge-Coupled Device (CCD) sensor, which is currently used in all imaging devices. Smaller than the CCD, with superior video imaging capabilities, using approximately 100 times less power than CCD at about 1/5 the cost, the APS technology provides a unique opportunity for the miniaturization of a full motion video camera down to the size of a microchip.
The market potential of APS technology is tremendous. Digital imaging is in huge and critical demand worldwide. Omicron's APS technology will compete with and eventually greatly replace the CCD's. Markets for CCD products are in the billions of dollars in annual sales with increasing growth marked by technological advances. The Company will focus the use of its CMOS APS digital imaging technology primarily in the new consumer products sector. These include products in the car, camera, computer, handheld device, imaging, and medicine and toy industries.
INTERNET GAMING - Estimates indicate there are currently 25 million Internet gamblers worldwide with a projected growth of up to 40 million by 2001. Internet revenues 1999 are expected to be over $800 million in 1999, from $651M in 1998. [Christensen/ Cummings'/ Sinclair]. Omicron has several Internet gambling ventures in various stages of formation and operation; each poised for rapid growth and remarkable revenues.
MaXuM Bingo
Omicron's newest venture, MaXum Bingo, will deliver to players, live, dynamic access to Bingo wagering via PC or WebTV. MaXum hosts a rich, dynamic graphic that will provide players with a real sense of action and participation with no software downloads. MaXum utilizes a sophisticated, robotic Java camera. An Internet first, MaXuM players will have access to real and live interactive MaXum Bingo from the actual bingo hall.
Analysts predict gross revenues for the Internet Bingo business could exceed $4 Billion (US) over the next two years. The Company estimates with an average of 100 people playing per hour, the gross revenues generated could exceed $26 Million (US), 40% of that gross Omicron would receive.
Lucky Eight Casino
Omicron recently announced the impending launch of its Lucky Eight Casino, the company's online casino website targeting Chinese speaking communities worldwide. The site will also be available in Japanese and Korean, as well as five other languages. Lucky Eight works in conjunction with Asian web browsers and operating systems. The Asian gaming market has been dubbed by experts "an untapped gold mine" with an estimated five million Internet users in China alone. An increase to 37.3 million Internet users in China is expected by 2005. Total gambling turnover in Asia is the highest in the world, surpassing the $600 billion (US) in 1997. Omicron's projections indicate the Lucky Eight Casino will generate earnings within 90 days of start-up. Income to the Company will be based on a percentage of the total net revenues generated, reaching 75% when total monthly net revenues exceed $1,000,000 (US).
Acquisitions and Joint Ventures
Omicron has entered into a joint venture agreement with Double Mastery, Ltd., a private Nevis, West Indies corporation, to license at a lower cost, the leading edge turnkey Internet gaming software to entrepreneurial investors. Through the joint venture, the Company will commit substantial resources to developing the next generation of premier Internet gaming software.
Licensees will receive a customized, full-service Internet gaming system, including virtual casino games and sport betting. All wagers will be places via a secured, 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.
Omicron recently acquired Cyberweb Systems, Inc., a private company specializing in Internet gaming software development. The perfect complement to Omicron's Lucky Eight Casino, Cyberweb has an extensive online contact directory for Asian individuals and businesses. Cyberweb also hosts and designs Internet websites.
Through this acquisition, Omicron gains control of a new, full-service financial information website developed by Cyberweb. The site will include free real-time quotes on all US and Canadian stocks, as well as Java chat, COMTEX news and free portfolio tracking that will send updates via email when a stock price reaches a high or low parameter set by the user.
The website also features a weekly stock game challenge. The game will allow players to choose a group of 5 NASDAQ or NYSE stocks ($5 or greater in share price) and the individual with the highest return at the end of the weekly game cycle will receive cash prize winnings. The prize winning for each week will be based on the number of contestants who pay $10 each to enter a gaming cycle. One half of the total monies collected will be given as a cash prize to the winner and the Company retains the other half.
The Company estimates 5,000 weekly players in the first quarter with an additional 5,000 players in each of the subsequent quarters. Omicron Technologies has entered into a financial consulting service agreement with National Capital Merchant Group, Ltd. ("NCMG"). This agreement will provide many benefits to Omicron through NCMG's expertise and advisory services in the areas of mergers and acquisitions, investment banking, capital structures, financial transactions, investor relations, and SEC reporting and disclosure. NCMG is well-capitalized and was established to provide debt or equity financing to micro-cap or small-cap companies. NCMG will be very involved in Omicron's future growth and development. NCMG will be an active market maker for Omicron, striving to maintain an efficient and liquid market for Omicron shares.
Additionally, NCMG will assist Omicron in preparing to become a fully reporting company. The Company expects to have its registration completed and filed in August.
MIC Focus strongly recommends investment in Omicron Technologies Inc., for its potential rapid growth and capital appreciation over the next twelve months.
Omicron Technologies Inc. (OTC:BB - OGPS) is a rapidly expanding high-tech company, aggressively seeking to acquire, develop and market leading edge technologies and products for the Aerospace, Telecommunications, Defense, Consumer Electronics sector and Internet based business concepts.
Omicron Technologies, Inc. Corporate Profile
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