Thursday July 5, 12:06 pm Eastern Time
biz.yahoo.com
Press Release
Investrend Research & The River City Group Announce Investment Opinion on the RivTrend Global I-Gaming Stock Index
Surge In RivTrend I-Gaming Index For Second Quarter of 2001 Led By North American Stocks; $1 Billion Added to Market Value In Q2 of RivTrend Global Index
LOS ANGELES & ST. CHARLES, Mo.--(BUSINESS WIRE)--July 5, 2001-- Investrend Research and The River City Group today announced detailed performance statistics for their RivTrend I-Gaming Global Stock Index(TM) for the second quarter of 2001.
The eight stocks comprising the RivTrend North America sub index of the RivTrend Global I-Gaming Stock Index (TM) surged 117% in the second quarter to a record index level of 142 as compared to its low of 65 at the end of March 2001. Together, the 15 stocks comprising the RivTrend I Gaming Global Index advanced 19% in the second quarter to close at an index level of 114. The seven stocks in the RivTrend EuroAustralia sub Index appreciated 13% to close at an Index value of 111 in June. The market value of these 15 leading I-Gaming companies comprising the RivTrend Global Index appreciated US $1 billion during the second quarter to US $6.5 billion. The RivTrend Global I-Gaming Stock Index(TM) is a US dollar market capitalization index comprised of the 15 leading worldwide publicly traded I-Gaming companies.
RivTrend Global I-Gaming Stock Index
------------------------------------
Second Quarter +19%
YTD +7%
North America Sub Index
-----------------------
Second Quarter +117%
YTD +112%
EuroAustralia Sub Index
-----------------------
Second Quarter +13%
YTD +1%
The two dominantly performing RivTrend North American stocks in
market value gain during the second quarter were Scientific Games
(AMEX: SGM - news) and CryptoLogic (NASDAQ: CRYP - news). Scientific Games
appreciated 168% during the second quarter, adding $136 million of
market capitalization while CryptoLogic appreciated 99%, adding $177
million of market value. The other major percentage performers in the
second quarter were Chartwell Technologies (CDNX: CWH - news) appreciating
112%, eLOT, Inc. (NASDAQ: ELOTC - news) appreciating 213%, and You Bet
(NASDAQ: UBET - news) up 149%.
Second Quarter Recap (name/ symbol/ % change/ ending market value)
Scientific Games (AMEX: SGM - news) +168% US $217 million Chartwell Technologies (CDNX: CWH - news) +112% US $14 million CryptoLogic (NASDAQ: CRYP - news) +99% US $355 million Dot Com Entertainment (OTCBB: DCEG - news) +92% US $21 million ELOT, Inc. (NASDAQ: ELOTC - news) +213% US $26 million World Gaming (OTCBB: WGMGY - news) +70% US $42 million Virtgame (OTCBB: VGTI - news) +12% US $4 million You Bet (NASDAQ: UBET - news) +149 US $21 million
The River City Group, based in St. Charles, MO, is the leading
consulting firm to the interactive gaming industry and the publisher
of the Interactive Gaming News. The Firm produces each year the highly
acclaimed Global Interactive Gaming Summit & Expo, held most recently
in June 2001 in Toronto, Canada (www.rivercitygroup.com/). Interactive
Gaming News is a widely read publication containing the latest
Internet gambling news from around the world.
Investrend Research, based in Los Angeles and New York City, is
one of the leading independent equity research firms. Investrend is a
leader in equity research on I-gaming industry stocks. Investrend
follows and publishes on a broad range of companies in North America.
Investrend's equity research reports are distributed from its own site
(www.investrend.com) and through leading financial firms such as
I/B/E/S, Zacks, Multex, First Call, Investext, and the
##############.com.
The RivTrend Global I-Gaming Stock Index(TM) is a US dollar market
capitalization index comprised of the 15 leading worldwide publicly
traded I-Gaming companies, launched October 2000. The Index is a US
$6.5 billion market capitalization, with non-US dollar share prices
translated at prevailing exchange rates. The shares of these companies
trade in North America, London, Stockholm, and Australia. Each of the
companies has an Internet gaming strategy denoting a substantial
commitment to the interactive gaming markets. Additions or deletions
of companies from this Index will be made from time to time. |
