OGPS news:
Thursday July 29, 9:19 am Eastern Time
Company Press Release
Omicron Launches
Luckyeightcasino.com
BELLINGHAM, Wash.--(BUSINESS WIRE)--July 29, 1999--Omicron Technologies, Inc. (OTC BB:OGPS - news) has launched its Lucky Eight Casino and Sports Betting Web site at luckyeightcasino.com.
Visitors to this new site can now play authentic Pai Gow Poker as well as 21 other machine and table games including Java versions of Blackjack, Slots, Video Poker and Caribbean Stud. Lucky Eight Casino can be accessed in Chinese, Japanese, English, Spanish, French, Italian, Portuguese and German. The Web site will soon be accessible in Korean, Cantonese and Mandarin.
The Lucky Eight Casino was designed with the assistance of a positive energy flow or ''Feng Shui'' consultant to target the Chinese speaking communities in Hong Kong, Mainland China, Singapore, Malaysia and those in many other countries. ''Lucky Eight'' is based on popular Chinese numerology in which the number eight is associated with ''prosperity and fortune.''
Omicron has initiated an extensive marketing campaign for this new site with DS Communications Group. They will be providing software and product localization services specializing in major Asian languages as part of Omicron's marketing campaign. Lucky Eight is the first of many online casinos developed to target
various market niches worldwide.
Many industry experts perceive the Asian market as ''an untapped gold mine'' in the online gaming industry. Internet use in the Asia Pacific Region is estimated at 30 million users for 1998, and growing exponentially by over 300% per year. Macromedia estimates current Internet users in China at 5 million. Computer Economics Inc. projects that by 2005, China will have 37.3 million Internet users, second only in usage to the United States. Furthermore, total gambling turnover in
Asia is the highest in the world, surpassing $600 billion USD in 1997. The 1998 Casino and Gaming Business Market Research Handbook predicts that the worldwide Internet gaming market could reach $100 billion USD in annual revenues by 2005.
Lucky Eight Casino's projected revenues, after a sustained marketing campaign, are expected to exceed $200,000 per month. Omicron plans to develop ten unique, targeted, theme-based casinos within the next year that should generate revenues exceeding $24 million per year. Combined with its estimated online bingo revenues of $26 million, Omicron expects to generate total revenues in excess of $50 million in 2000 from its casino and bingo operations.
Omicron is committed to become a preferred supplier of online gaming systems and a leader in the Internet gaming industry. Competitors in this industry include: Bingo.com Inc. (OTC BB:BIGG - news), Bingo & Gaming International Inc. (OTC BB:BING - news), New Discoveries Publishing Corp. (OTC BB:NWDP - news), Casinolive.com (OTC BB:YBET - news), Cryptologic (TSE:CRY - news), GLC Limited (Nasdaq:GLXW - news), Starnet Communications International Inc., GIC Global Entertainment Corp. (OTC BB:GGNC - news) and YouBet.com (Nasdaq:UBET - news).
Omicron Technologies, Inc. is in the business of acquisition, research and development, and marketing of leading edge technologies for the Aerospace, Telecommunications, Defense, Consumer Electronics and Internet-based business concepts. Through the combined strategy of focusing on marketing niches and speedy development of its proprietary technologies, Omicron hopes to gain significant market penetration in these areas.
For further information, contact us toll free at:
Telephone: 877/903-2288
Web sites: www.omicrontechnologies.com
www.4value.com
www.market-infocom.com
www.thesubway.com
OMICRON TECHNOLOGIES, INC.
Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are
forward-looking statements that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in the future periods to differ materially
from forecasted results. These risks and uncertainties include, among other things, volatility of
prices, product demand, market compensation, risk inherent in the company's international
operations, imprecision of reserve estimates and the company's ability to replace and expand
reserves.
Contact:
Omicron Technologies, Inc.
Barrett Sleeman, 877/903-2288
www.omicrontechnologies.com
www.4value.com
www.market-infocom.com
www.thesubway.com |
