T.G.W. you left out the best part of that GSPI press release...
look at the end and notice who the contact is.... GaryB!!!
Seems like they are raising money thru this other company ....
Great Spirit Announces Name Change
Business Wire - July 07, 1998 11:56
MINNEAPOLIS--(BUSINESS WIRE)--July 7, 1998--Great Spirit, Inc. (OTC BB:GSPI) announced today that its name and symbol change have been completed.
Great Spirit was acquired in March, 1998 by Fiber Crete Products, Inc., an Oklahoma corporation listed on the Bulletin Board, symbol FCET. The Company then filed an amendment to its articles of incorporation in Oklahoma to change its name to Great Spirit, Inc. The company currently has 13 million common shares outstanding.
Application was then made to the NASD to change its symbol to GSPI. The company has authorized common shares of 50 million and 20 million preferred shares.
Great Spirit is providing the financing for the construction of an Indian Casino named Golden Bears Casino on Highway 101 in Northern California. The casino is scheduled to open during July,1998. Under terms of its contract with Resighini Rancheria Tribe, Great Spirit's compensation will be thirty percent (30%) of the net operating income of the facility, which includes a 15,000 square foot casino, a convenience store and gas outlet.
In addition, Great Spirit has a contract to provide finance and management services to Internet Gaming Corp., a Dominica, West Indies company providing Internet gambling worldwide.
The Company is currently raising $4 million through a Regulation D Private Placement of Common Shares.
This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services, successful integration of acquisitions, the ability to operate within the framework of available resources. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
For further information, contact Great Spirit on its E-mail site: greatspiritinc@hotmail.com or FAX at (612) 370-1003.
CONTACT: Great Spirit, Minneapolis
Gary Borglund, 612/672-0834
E-mail: greatspiritinc@hotmail.com
Fax: 612/370-1003
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