Oasis Resorts International Agrees to Acquire Stake in Virtual Gaming Enterprises, Inc.
Virtual Transaction Also Includes $4 Million Equity Infusion
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 7, 2000--Oasis Resorts International Inc. (OTCBB: OAIS) Friday announced corrections to the company's Dec. 30, 1999 news release wherein it announced it had signed an agreement with The Brinton Group Inc. to exchange $15 million in Oasis stock for approximately 1.1 million shares of Virtual Gaming Enterprises, Inc. (OTCBB: VGAM) and $4 million in cash.
The correct name is Virtual Gaming Enterprises Inc. and the correct symbol is VGAM. Further, Gary Zinn is director of investors Relations for Virtual Gaming Enterprises, not The Brinton Group.
Oasis Resorts International is a hospitality and gaming company with development-stage and operational properties located in the United States and North Africa, with plans to expand into the Caribbean and to Asia.
Note: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Investors who seek more information about the company's business and relevant risk factors may wish to review the company's periodic reports filed with the Securities and Exchange Commission including, but not limited to, its most recent Current Report(s) on Form 8-K, its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. Such disclosure information can be accessed from the "Edgar" database through the Internet at sec.gov.
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Contact:
Oasis Resorts International Inc., Newport Beach
Jonathan Small, 949/833-5381 ext. 723 |
