More active discussion going on at Stockhouse but good news today on Vienames lottery.
stockhouse.com
Applied Gaming Solutions -- AGC Signs Exclusive Internet Agreement With Vietnamese Lottery Authority
CALGARY, Alberta--(BUSINESS WIRE)--May 3, 2000--Applied Gaming Solutions of Canada Inc. (AGC)(CDNX:AGC - news) announced today that it has signed an exclusive supplier agreement with the representative agency for the twenty southern lottery companies of Vietnam.
In the agreement with the Song Be Lottery Company (SBLC), AGC will supply all of the necessary hardware and software, training, and all other products and services required to enable SBLC to accept purchases of current or future lottery products over the internet.
The SBLC is one of the five permanent members of the southern region lottery counsel. This counsel consists of all twenty lottery companies of southern Vietnam including Ho Chi Minh City.
For the services provided, AGC will receive a technical consulting fee for the duration of the contract period, which is anticipated to be not less than ten years with a five-year renewal option. The technical consulting fee that AGC will receive is subject to final negotiations with the SBLC.
``We are proud to be selected again by the lottery companies in Vietnam to supply this cutting edge technology. This continues our strategy of expanding the range of our services to the Vietnamese Lottery Authority,'' said David Aftergood, President & CEO of AGC.
The company has been in ongoing discussions with several world-renowned Internet Access Technology providers to furnish a secure, innovative, hybrid Internet and on-line lottery systems solution for its Vietnamese customer.
Applied Gaming Solutions of Canada Inc. is a global leader in the outsource management of online lotteries, e-gaming solutions and related professional services for delivery to a growing audience of international governments. Today, AGS leads technical and marketing support activities for the on-line lottery system run by the Construction Lottery of the Capital-Hanoi in Vietnam, delivered in conjunction with its' suppliers AWI, a division of Anchor Gaming (Nasdaq:SLOT - news) and IBM (NYSE:IBM - news). |
