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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI)
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To: sigmass who wrote (1428)3/22/1998 9:21:00 AM
From: tgs59  Read Replies (3) of 4539
 
My point in raising the technical problems was to help explain their lack of success in the general market. My point in Texas is that k & B has placed Fortunet equipment into most of their client halls up to now. Recently they have begun primarily pushing the Bingo King line of products (System 12 & Power Bingo), as they are a key Bingo King Distributor and the BK product line is now approved within Texas. I do not believe that they will be in a position to push the AGT product line, to the point of gaining significant market share. A distributor that makes a exclusive commitment to one product line is much more likely to "push" and support a product, as opposed to the grab bag approach. This is especially true when K & B's primary supplier (Bingo King) is telling them to push the BK product line.

I am not very familiar with Sonic Bingo. I saw the product at the 1996 World Gaming Conference in Las Vegas at the Sega area. I wasn't able to find anybody to give me much information and I believe changes may have been made since then.

With regards to placing units in England, I do have some information. Players use the electronic bingo units, as they can play significantly more bingo cards than they can just playing paper cards. Understand that most players using electronics will also play paper cards. The problem in England is that they have player spending limits that are pretty low. I can't remember the exact number, so I will make some calls and post those limits later. With a low spend limit why would you use an electronic unit? This question should be asked of company management. Possibly there have been some recent changes in these limits?
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