Online Gaming Systems - OGAM - Announces Completion of Great Plains, Inc. Agreement to Provide Internet Casinos
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 10, 2000--Online Gaming Systems Ltd. (OTCBB: OGAM) announced today that it has completed a December 1999 licensing agreement whereby Great Plains, Inc., a West Indies based privately held company, was supplied with gaming and wagering software. The customized online gaming solution furnished by Online Gaming Systems has helped Great Plains, Inc. launch its Internet based casinos in a highly successful and reliable manner. As part of the agreement, Online Gaming has received the final payment of $210,000 completing a series of payments that began in April of 1999. In addition to the final lump sum, Online Gaming Systems will receive ongoing maintenance and support fees.
Online President & CEO stated, "We regard our work for Great Plains, Inc. as another example of technical quality, systems integrity, and gaming excellence. Through our highly customized software focus we were able to offer a turn-key solution that was timely, cost effective, and an added source of brand value for our client." Iamunno added, "It is our goal to continue to use the scalability of our business model to build on these successes and become the premier global software solution for internet gaming. We believe markets where our infrastructure is strong like South Africa, Europe and Australia give our company an advantage as we work toward that goal."
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 and Anchor Gaming (SLOT) its exclusive North American distributor.
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.
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Contact:
Online Gaming Systems, Ltd., Boca Raton
Richard Iamunno, President & CEO
Phone 561/393-6685
Fax 561/393-1485
or
Investor Relations:
Integrated Corporate Relations
Tom Ryan, 203/222-9013
or
Ira W. Miller or Larry Fortune, 949/833-9001 |
