Atlantic International Entertainment, Ltd. (AIEE) Announces Name Change To Online Gaming Systems, Ltd.(New Symbol Pending)
Name Change Approved Today at Annual Shareholders Meeting
BOCA RATON, Fla., Sept. 24 /PRNewswire/ -- Atlantic International Entertainment, Ltd. (OTC Bulletin Board: AIEE - news) announced today at the annual shareholders meeting the approval of the Company name change to Online Gaming Systems, Ltd. The name change will take effect immediately with a new symbol pending approval from NASD.
Online Gaming Systems President & CEO, Richard A. Iamunno, stated ``Its an exciting day for the Company and our shareholders. Our new name now clearly reflects the Company's operations, products and direction. We will continue to expand our infrastructure to support our products and services globally while working closely with our distribution partners, John Huxley Casino Equipment, for our Internet-based products, and Anchor Gaming (SLOT), for our wireless & portable gaming devices.'
Atlantic International Entertainment, Ltd. (www.aieltd.com) develops and markets Internet and private network transaction-based products that it only offers to licensed gaming operators in regulated jurisdictions. These products include; Internet Casino Extension(TM) (ICE) (TM), a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM) a lottery system for private, government and fund raising purposes; and Bingo Blast(TM), a multi-player system for charity and private organization use. The Company also offers wireless and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, the Company refers you to the documents that the Company files from time to time with the Securities and Exchange Commission, including 10K filed May 7, 1999, and form 10Q filed May 18, 1999.
For Investor Relations please contact: Ira W. Miller or Larry Fortune / (949) 833-9001
Tom Ryan - Integrated Corporate Relations / 203-222-9013 |
