here is some excellent DD on OGPS. Please read carefully as it is exciting and one of my LT holds.
Tuesday August 3, 5:01 am Eastern Time
Company Press Release
Research Investment Group Announces Investment Opinion on
Omicron Technologies
Research Investment Group Announces Investment Opinion on Omicron
Technologies (OTC BB:OGPS) with a 3 month price target of $5.00 a share
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Aug. 3, 1999-- Special Marketing Exposure Report: August 3, 1999
Omicron has acquired the revolutionary APS digital imaging technology (developed by NASA), and is designing / developing consumer products for a rapidly-growing, multi-billion dollar market !!
OGPS also offers investors a play on Internet gambling - the company's first online casino is about to begin operations !!
Omicron is also developing a full-service financial information website that will offer free, real-time quotes on all US & Canadian stocks!!
Omicron's management believes that opportunities for rapid growth lie in bringing new technologies to market as popular consumer products. The company's website omicrontechnologies.com has a wealth of information on the technical aspects of OGPS business lines.
OMICRON's ACTIVE PIXEL SENSOR (APS) TECHNOLOGY
On October 16, 1998, Omicron entered into a joint venture with ViaSpace Technologies LLC to develop new imaging systems based on Active Pixel Sensor (APS) technology. OGPS owns 40% of the JV, and has a first right of refusal to acquire an additional 40% interest in the technology.
Developed by NASA's Jet Propulsion Laboratory (JPL) and CalTech, the APS technology is a light-gathering system or ''eye'' that utilizes amplified pixels or picture elements in a semiconductor chip. This technology allows for the miniaturization of a full-motion video camera to the size of a microchip!
Presently, most electronic imaging products are based on a sensor technology known as charge-coupled devices (CCD), which was developed by Bell Labs in the late 1960s. Basically, CCD's operate an array of cells, with each cell representing a picture element or pixel that
converts light into an electrical charge of varying intensity. CCD's work well, but are difficult to produce and consume a good deal of power. APS technology, on the other hand, contains an amplifier in each pixel - the net result being superior performance, with greatly reduced power consumption, thereby facilitating miniaturization.
APS digital imaging systems are smaller, have superior video imaging capabilities, cost about one-fifth as much as existing CCD's, while using 100x less power than CCD products (imagine a camcorder battery that lasts for a week between charges, rather than just an hour or so), Other features of APS include the capability for wireless transmission of real-time video over distances of up to one kilometer, and significantly higher image and sound quality.
THE MARKET FOR CMOS APS TECHNOLOGY
The InStat Group estimates that the digital imaging chip market is growing by 60% annually, and could be a US$20+ billion dollar market by 2002. Peripheral Insight estimates that the potential market for digital imaging chips will be 100 million units in the year 2002.
OMICRON's INTERNET GAMBLING VENTURES & GRAND OPENING OF LUCKY
EIGHT CASINO
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.
LUCKY EIGHT CASINO - On June 10th, Omicron Technologies announced the impending launch of the Lucky Eight Casino, targeting the Chinese speaking communities in Hong Kong, Mainland China, Singapore, Malaysia; the site will also be available in Japanese, Korean and five
other languages. The Lucky Eight Casino website is intended for use by Asian web browsers and operating systems.
Many industry experts perceive the Asian market as ''an untapped gold mine'' for online gaming, with an estimated five million Internet users in China. Computer Economics Inc. projects that by 2005, China will have 37.3 million Internet users, second only in usage to the United States. More importantly, total gambling turnover in Asia is the highest in the world, surpassing US$600 billion in 1997.
OGPS projects that the Lucky Eight Casino website will begin generating earnings within 90 days of start-up; income to Omicron will be based on a percentage of the total net revenues generated, reaching 75% when total monthly net revenues are over US$1,000,000.
ONLINE GAMING SOFTWARE ACQUISITIONS - The Lucky Eight Casino announcements were followed by a joint venture agreement with Double Mastery, Ltd, a private Nevis, West Indies corporation on June 29th.
Double Mastery and Omicron will each own 50% of the joint venture company, which will license the premier turn-key Internet gaming software available to those interested in entering the online
gaming industry. Each licensee would be supplied with a customized, full-service Internet gaming system, including virtual casino games and sports betting. Customers would 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 US$10 million in total revenues and over US$1 million in pre-tax income to Omicron.
On July 6th, OGPS acquired Cyberweb Systems Inc., a private company specializing in Internet gaming software development.
Cyberweb's programming and systems expertise complement the development and operations of Omicron's ''Lucky Eight Casino'' (particularly their online contact directory for Asian businesses
and individuals). In addition to its focus on Internet gaming software development, Cyberweb also hosts and designs websites; the company is currently hosting fifteen websites and has the hardware capabilities to host thousands of websites.
As part of the acquisition, Omicron also gains control of a new, full-service financial information website developed by Cyberweb. This site, which Omicron will bring on line very shortly, will include free real-time quotes on all US & Canadian stocks, Java charting, COMTEX news and a free portfolio tracking system that will send an email when a stock price reaches a high or low parameter set by an investor.
With the addition of Cyberweb, Omicron is strategically positioned to expand its worldwide gaming and Internet-based business through software and website development.
MAJOR BACKING FOR OGPS
NATIONAL CAPITAL MERCHANT GROUP
On July 15th, Omicron announced that it had entered into a financial consulting services agreement with National Capital Merchant Group, Ltd. (''NCMG''); NCMG will provide Omicron with advisory services regarding investment banking & capital sources, mergers & acquisitions, capital structures, financial transactions, broker/dealer & institutional investor relations, and reporting &
disclosure.
The NCMG agreement is a significant accomplishment for Omicron, and will benefit the company in many ways!
First and foremost, NCMG is a well-capitalized fund that structures direct equity investments, mezzanine financing, or commercial lending. The NCMG fund was established to provide debt or equity financing to micro-cap or small-cap companies such as Omicron; NCMG will become a
strategic partner of OGPS, and be very involved in the company's future development and growth.
We believe that Omicron's association with NCMG and the National Capital group of companies virtually assures OGPS' success in completing a significant equity financing(s) in the near future.
As an active Omicron market maker, National Capital will strive to ensure an orderly liquid market for OGPS shares. NCMG will also work within its nationwide network of broker/dealer and investment banking firms to promote Omicron as an attractive emerging growth company
investment opportunity.
Lastly, NCMG and its Fast Track SEC Reporting Program will assist Omicron in preparing the necessary documentation to become a fully reporting company; OGPS expects to file its registration statement in August.
We believe that Omicron offers investors a ground floor opportunity to participate in two new, high growth industries - digital imaging and Internet gambling. Each of OGPS' business lines are capable of driving the stock to much higher levels.
CAPITAL STRUCTURE & TRADING RANGE (as of July 14, 1999) Issued & Outstanding (fully-diluted): 24.17 million shares Est'd Float: 2 million shares 1999 Trading Range: US$0.47 (low) US$7.50 (high) Current Bid & Ask: US$1 5/8th X US$1 3/4
DISCLAIMER
Research Investment Group is not a Registered Investment Advisor or a Broker/Dealer. Research
Investment Group has independently prepared this report, drawing upon a range of public news
and information sources. This report reflects opinions from Omicron Technologies, Inc. (the
''Company''). Readers are advised that this report is issued solely for information purposes and is
not to be construed as an offer to sell or the solicitation of an offer to buy. The opinions and
analysis included herein are based on sources believed to be reliable and in good faith but no
representation or warranty, expressed or implied, is made as to their accuracy, completeness or
correctness. This information is not intended to be used as the sole basis of any investment
decisions, nor should it be construed as advice designed to meet the investment needs of any
particular investor. The foregoing discussion contains forward-looking statements that are based
on current expectations and differences can be expected.
The information contained herein has been provided by the Company (OGPS) to Research
Investment Group for information purposes only; in addition, the information contained in this
report is not intended to be a complete discussion of information regarding some of the current
and/or intended business activities of the Company. Readers are urged to consult with independent
financial advisors with respect to an investment in the shares mentioned herein. Investors should
review a complete information package on the Company which should include, but not be limited
to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings.
All information contained in this report should be independently verified with the Company
mentioned herein. Any opinions expressed in this report are statements of judgment as of the date
of publication (14 July 1999) and are subject to change without further notice, and may not
necessarily be reprinted in future publications or elsewhere. Neither Research Investment Group
nor its officers, directors, partners or employees / consultants accept no liability whatsoever for
any direct or consequential loss arising from any use of this report or its contents.
In order to be in full compliance with the Securities Act of 1933, Section 17(b), Research
Investment Group advises the readers of this document that it has received a fee of 25,000
free-trading common shares of Omicron Technologies as compensation for its efforts in
researching, writing and presenting the information contained herein. Prior to Research Investment
Group issuing this report, the Company reviewed and approved the contents hereof. Research
Investment Group, its officers, directors, partners and employees / consultants may profit in the
event the shares of the Company increase in value. These positions may be liquidated from time to
time even after Research Investment GROUP, its officers, directors, partners and employees /
consultants have made positive comments on the Company.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE
DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN
SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. We
encourage U.S. readers to review the investing information available with the Securities and
Exchange Commission (''SEC'') at sec.gov and/or the National Association of
Securities Dealers (''NASD'') at nasdr.com The NASD has published information on
how to invest carefully at its website. Omicron Technologies is not yet a fully-reporting company
with the SEC. The process is expected to be completed later this year, at which time, readers can
review public filings (including financial information at the SEC's EDGAR page
freeedgar.com.
Contact:
Omicron Technologies
Gary Robinson or Rick Klassen - Investor Relations
Toll-Free: 877/903 - 2288
E-mail: info@omicrontechnologies.com
Web sites:
omicrontechnologies.com
4value.com
market-infocom.com
thesubway.com |
