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Wednesday January 28, 9:30 am Eastern Time
Company Press Release
Advanced Gaming Technology Inc. Announces Approval from Texas Lottery Commission to Enter the Texas Market
DENVER, Colo., Jan. 28 /PRNewswire/ -- Advanced Gaming Technology, Inc. (OTC Bulletin Board: AGTI - news) today announced the Company has received approval from the Texas Lottery Commission to enter the Texas market with its MAX(PLUS) and TurboMAX fixed-base and MAX(LITE) hand held electronic bingo products.
The state of Texas is the largest bingo market in the United States. According to the Association of Texas Bingo Licensees, in addition to Indian Gaming, there are 1,777 charities generating approximately half a billion dollars in revenues annually in the State.
Advanced Gaming Technology, Inc., by way of a licensing agreement, will participate with Bingo Technologies Corporation (BTC) in placing its MAX Bingo Systems throughout the State of Texas.
According to John Larsen, President of Bingo Technologies Corp., ''...we already have a substantial presence in Texas with our TED and Alltrak products through our network of five (5) distributors. We are excited about the opportunity to put the MAX Bingo Systems line of products into our proven sale and support mechanism.''
Robert Silzer, Chairman & CEO of Advanced Gaming Technology, Inc., stated, ''...we are more than pleased with the opportunities this creates for our Company. We have been anticipating this approval for over a year; this will accelerate our growth. It will also solidify for our Company a long term mutually beneficial financial relationship with BTC.''
Advanced Gaming Technology, Inc. and BTC will proceed immediately in capitalizing on this opportunity.
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 OTC Bulletin Board.
SOURCE: Advanced Gaming Technology, Inc. |
