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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)

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To: Evan Dimmer who wrote (832)11/26/1997 11:14:00 AM
From: Anthony Richards   of 4539
 
Excellent update Evan!

This type of info and effort for REAL facts is what we need around here. Not many of us HAVE seen or used the companys products, but those of us who have come away feeling the same way that you did.

It's the ONLY reason I have not sold and moved on as others suggested that I do. The potential has always been enormous. Despite the slow installation pace, PEOPLE LOVE ELECTRONIC BINGO. Sooner or later our machines should start to get a larger part of the market share.

You said:
"All I can say is, the amount of room that didn't have AGTI's products was enormous, and there is tremendous room for growth. Just because they only ordered 25 in the beginning, doesn't mean that is it. "

You just witnessed part of Mark Sammon's sales strategy. Since we have limited products, He believes that it's better to install FEWER machines in MORE locations to get them hooked, then by the time they are ready to order more machines, He'll have them. It also feeds on it'self because it starts to build a DEMAND for the machines at these halls and people start asking the hall managers when are they going to get more????

Also, MANY hall managers are AFRAID of change. I've seen this first hand. They don't understand electronics. They are SLOW to make the change. That's why SAMMON tells them that ELECTRONIC Bingo and PAPER Bingo should co-exist and that they should let the customers decide.

Lastly, many installations are done at NO cost at all to the hall owner. Basicly, for FREE. AGTI takes all the risk. The hall owner only has to pay for machines being used. It's a great incentive to the hall owner, and it works.

I sincerely thank you for your effort.

Happy TG

AR
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