AGTI-NEWS
Advanced Gaming Technology, Inc. Announces Receipt of
an Order for 100 Maxlite Handset Units and 80
Maxplus/Turbomax Units
PR Newswire - November 04, 1997 10:22
AGTI %CNO V%PRN P%PRN
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DENVER, Nov. 4 /PRNewswire/ -- Advanced Gaming Technology, Inc.
(Nasdaq BB: AGTI) today announced the receipt of an order for 100 MAXLITE
handset units and 80 MAXPLUS/TurboMAX units.
Once these units are installed and in operation, they are projected to
generate gross revenues to the Company of approximately US $275,000 p.a.
When all the current back-log of orders now being installed are
operational, the Company will have in excess of 1,600 MAX Bingo System units
in the market.
In addition, the Company has recently completed an in-depth analysis of
utility of its products in each customer hall. This comprehensive exercise
has resulted in AGT adopting and introducing a programme whereby the Company
will work with the customers to increase the demand for the MAX line of
products, thus significantly enhancing the revenues from the Company's
inventory in the field.
The success of this programme could result in the projected revenues
increasing to some US $3,240,000 p.a.
Recently, MAX Bingo Systems has enjoyed wide media coverage having been
featured in some of the most recognized trade journals in the Bingo industry,
including September's issue of Indian Gaming Magazine; October's issue of
Bingo Manager and the fall issue of Market Pulse Journal, which profiles
publicly traded companies.
This type of media coverage increases the consumer awareness of the MAX
Bingo Systems, which in turn assists the Company's sales team.
Information provided herein by AGT contains, and from time to time AGT
may disseminate materials and make statements which may contain
"forward-looking" information, as that term is defined by the Private
Securities Litigation Reform Act of 1995 (the "PSLRA"). These cautionary
statements are being made pursuant to the provisions of the PSLRA and with the
intention of obtaining the benefits of the "safe harbour" provisions of the
PSLRA. AGT cautions investors that any forward-looking statements made by AGT
are not guarantees of future performance and that actual results may differ
materially from those in the forward-looking statements as a result of various
factions, including but not limited to the contingencies noted above.
Advanced Gaming Technology, Inc. designs, manufactures, markets and
services patented and proprietary gaming systems, including technologically
advanced electronic bingo systems. The Company is a major supplier of
electronic gaming systems, offering increased play potential and revenue to
gaming operators. Its stock trades under the symbol AGTI on the NASD
Electronic Bulletin Board.
SOURCE Advanced Gaming Technology, Inc.
/CONTACT: Chris Sargent of AGT Investor Relations, 604-689-8841; or David
Lawton of Sitrick And Company, 310-788-2850/
(AGTI) |
