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Technology Stocks : Online Gaming Systems, Ltd. OGAM (formerly AIEE)

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To: Roofman who wrote ()12/16/1999 12:39:00 PM
From: Dr. Microcap   of 11
 
(PR Wires) PRW: Online Gaming's President & CEO Interview on The Wall S
PRW: Online Gaming's President & CEO Interview on The Wall Street Reporter -
www.wallstreetreporter.com

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 16, 1999-Online Gaming Systems, Ltd.
(OTCBB:OGAM) announced today that President & CEO, Richard Iammuno's
interview with The Wall Street Reporter can be accessed at
www.wallstreetreporter.com . Mr. Iammuno speaks on the company's progress,
world markets, the regulatory environments and the way they are dealing with
the emerging internet gaming market place.
Online Gaming Systems, Ltd. (www.ogsltd.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, we
refer 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 November 18, 1999.

CONTACT: Online Gaming Systems, Ltd., Boca Raton
Richard Iamunno, President & CEO
Phone: 561/393-6685
Fax: 561-393-1485
or
For Investor Relations please contact:
Ira W. Miller or Larry Fortune, 949/833-9001
10:15 EST DECEMBER 16, 1999
*** end of story ***
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