Here is the last press release on the Oklahoma installation that I could find-----
Advanced Gaming Technology, Inc.
News Release
JOINT PRESS RELEASE
FROM:
Comanche Tribal Headquarters
Advanced Gaming Technology, Inc.
APPROVED BY:
Wallace Coffey Chairman/ CEO (405) 492-3795
Robert Silzer Chairman/CEO (604) 689-8841
CONTACT:
Ecom Consultants (212) 696-1133
Advanced Gaming Technology Inc. 800-361-1101
COMANCHE INDIAN TRIBE AND ADVANCED GAMING TECHNOLOGY, INC. ANNOUNCES THE SUCCESSFUL CONCLUSION OF
NEGOTIATIONS FOR THE CONSTRUCTION AND MANAGEMENT OF A GAMING COMPLEX IN OKLAHOMA
Lawton, Oklahoma, January 16, 1996 - Wallace Coffey, chairman and chief executive officer of the Comanche Indian Tribe (the
"Tribe") announced the successful conclusion of negotiations with Advanced Gaming Technology, Inc. of British Columbia, Canada,
to design, finance, construct and manage a 30,000 square foot Class 11 gaming/entertainment complex on Comanche Tribal Trust
Lands near Lawton, Oklahoma. Capital costs are estimated between $3.5 and $4 million U.S., with projected gross profit in the first
year of approximately $5 million U.S. Net income will be split with AGTI receiving 30%, and the Comanche Indian Tribe 70%.
"This new and innovative facility will help secure economic independence for the Comanche people while at the same time add new
economic stimulus to the Lawton, Oklahoma area and provide a state-of-the-ad entertainment attraction for the people of
southwestern Oklahoma and northwestern Texas," said Wallace Coffey.
The initial five year term of the Agreement begins the day the new facility opens to the public. The anticipated opening is by the fourth
quarter of 1996 subject to obtaining all appropriate approvals of the Comanche/AGTI Agreement by the National Indian Gaming
Commission. The necessary documents are expected to be executed and submitted to the Commission by February 28, 1996.
The Comanche Entertainment & Cultural Center will also serve as a show place for the latest innovations in gaming technology, offer
high stakes bingo, pull tab and other legal class 11 games under the Indian Gaming Regulatory Act ("IGRA"), with dining facilities and
a Comanche Nation Museum and Cultural Center.
AGTI chairman and chief executive officer, Robert Silzer, said, "this agreement gives AGTI the opportunity to work directly with the
Comanche Indian Tribe to design, construct and manage the most innovative gaming/entertainment and cultural attraction in the
region."
The Comanche Indian Tribe is a federally recognized Tribe organized pursuant to the Indian Reorganization Act of 1934. The Tribe
possesses sovereign powers, over land held in trust for it within territorial boundaries located in the State of Oklahoma, pursuant to
the T(ibe's recognized powers of self-government, the Indian Reorganization Act of 1934, and the Constitutions, statues and
ordinances of the Tribe.
Advanced Gaming Technology, Inc designs, manufactures, markets and services patented and proprietary gaming system, including
technologically advanced electronic bingo system. The Company is a major supplier of electronic gaming system, offering increased
play potential and revenue to gaming operators. Its stock trades under the symbol "AGTI" on NASD Electronic Bulletin Board.
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It seems like I've seen something more recent, but I haven't found it yet.
George |
