PR turmoil
So quiet here and almost a riot on RB,the furs flying everywhere following the PR.
Found the following PR and it contains some interesting stats on Bingo in general.
By: pnally
Reply To: None Tuesday, 14 Sep 1999 at 4:59 PM EDT
Post # of 42410
More Bingo on WWW
BW1275 SEP 14,1999 6:01 PACIFIC 09:01 EASTERN
( BW)(ICRYSTAL-INC)(ICRS) Icrystal Inc. - Acquisition of Metrobingo
Business Editors, High Tech Writers
SURREY, British Columbia--(BUSINESS WIRE)--Sept. 14, 1999--Doug Slamko, President of Icrystal Inc. is pleased to announce that the acquisition of all of Metrobingo's assets for 1.45 million common shares has been completed. The purchase includes proprietary software, graphics and 20 bingo domain names.
Icrystal Inc. will be licensing exclusive interactive Internet Bingo sites, which will greatly enhance the Company's revenue potential.
The interactive Internet bingo market is very large with relatively few exclusive bingo web sites being operated today. Bingo is both a recreational and gaming activity with an annual paid participation rate of 1.2 billion player sessions which is greater than all movies, bowling, casinos, rock concerts, the NFL and the NBA combined. In 1998, internationally, there was over $70 billion US wagered on land-based BINGO. Bingo is the most socially accepted form of gambling in the world with a 79% acceptability rate.
The demographics of Bingo have changed according to Indian Gaming Magazine. It is now the Baby Boomers that are playing Bingo, a perfect combination with Internet users.
The above statements, which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including ICrystal Inc. beliefs, expectations, hopes or intentions regarding the future.
Icrystal Inc. trades on the NASD OTCBB market with the ticker symbol ICRS and CUSIP: 449342104. For further information please call 1-877-278-1717 or email info@brittoncapital.com.
website: www.icrystal.com
--30--ym/cgo*
CONTACT: Icrystal Inc.
877/278-1717
info@brittoncapital.com
KEYWORD: INTERNATIONAL CANADA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS ENTERTAINMENT
MERGERS/ACQ
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