Look at what came in my email box this morning! LOL
We are pleased to present to you before the bell on
Monday December 11, 2000:
NORAM GAMING (OTC BB: NORE)
NORE is near an all time low and certainly deserves a closer look at these
levels.
Take a look at the chart and the eCompany Profile below:
finance.yahoo.com
Complete eCompany Profile:
NORAM GAMING& ENTERTAINMENT CORP.
OTC BB : NORE
NorAm Gaming & Entertainment Corp. is a rapidly growing integrated gaming
and development company that is poised to capitalize on the fast expanding
markets of Central, South America and Caribbean markets. According to
industry analysts, gaming has become one of the largest growth markets in
these regions, representing a potential market in the 10's of billions of
dollars. Based on the company's background, expertise and contacts in the
industry, NorAm is uniquely positioned to capture a good share of this
market.
NorAm has been concentrating on gaming for over 5 years and has
successfully managed and operated Bingo facilities in North America during
this time. NorAm is also the exclusive distributor in North America of
Vaprel Bingo equipment from Spain. Vaprel equipment is recognized as the
leader in manufacturing 90 number bingo systems in the world. The
management of the company has over 30 years experience in this area and
will continue to play a large part in the company's overall gaming
strategy to establish bingo facilities in these countries.
The company recently refocused its gaming plans and has aggressively begun
acquiring slot machine operations and opening boutique casinos in the
region. The company's recent announcements include the pending
acquisition of Grande Resorts Corp., of St. Kitts, a resort developer and
casino operator in South America. Grande Resorts is presently in
negotiations to acquire a 50% interest in 8 casinos in South and Central
America and is planning Joint Venture resort developments in the Bahamas
and Antiqua.
The company has also recently acquired an exclusive license to operate the
only slot machine facility at the International Airport in San Salvador,
El Salvador. The company anticipates initially operating 200 machines.
The International Airport is recognized as the destination hub for Central
America with over 400 flights arriving and departing daily. The contract
represents significant revenue potential for the company and is gaming
operations in Honduras, Niguragua, Panama, El Salvador and Mexico. These
facilities will give NorAm the necessary critical mass and establish
itself as a gaming leader in the region.
NorAm is presently negotiating to take a minor stake in Mexico's first
gaming operations. The government has recently approved legislation that
would legalize full casino operations in the country within the next three
years. NorAm through this relationship will be well positioned to be
involved with this group to acquire the first casino licenses in the
country. The company is presently acquiring minority stakes in 3
locations that are slot redemption systems allowing patrons to gamble for
prizes and points as they play. The market for these types of operations
is huge and the group is well positioned to dominate the market.
NorAm also intends to establish itself as a major developer of resort
properties in this region, concentrating on establishing its Grande
Resorts brand. The present management has over 25 years of development
expertise. The company has plans to build new or refurbish older
properties and is presently concentrating its efforts in the Bahamas and
other Caribbean Islands. The company is well under way in its
negotiations to acquire an interest in one of the largest timeshare
developments in the region, a five-year development consisting of over
2500 units and a large casino operation. The company intends to
aggressively pursue development opportunities over the next 12 months.
The company is aggressively pursuing online gaming and has recently
contracted with a major internet company to build the company's online
casinos and sports book projects. According to a recent Bear Sterns
report on the online gaming industry, it is expected to grow to 10 Billion
Dollars by the year 2005. There has been tremendous growth in online
gaming, with some of the greatest potential in Central and South America.
The company is presently negotiating to license and set up operations in
Belize and is presently negotiating a Joint Venture. The company also
intends to acquire other online gaming companies as the industry starts to
consolidate. NorAm is presently in negotiations to acquire a number of
companies to add to its Internet strategy.
The company's management and advisors have extensive backgrounds and
industry specific knowledge to carry out the company's ambitious plans.
With over 50 years of combined experience in running gaming operations, 25
years of development experience and the political contacts necessary to
operate in this region the company feels it has the ability to capitalize
its strength in this market.
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