Positive News!
Found on E-Trade this am:
BusinessWire, Friday, February 07, 1997 at 09:45
FORT FEE, N.J.--(BUSINESS WIRE)--Feb. 7, 1997--Gaming Venture
Corp. U.S.A. (NASDAQ:BB:GVCU) today announced the signing of a
contract extension with Casinovations Incorporated.
The contract extension, for an additional year, is valued at
approximately $200,000, in a combination of cash and stock.
Casinovations Incorporated recently completed a recapitalization
and has retained the firm of Deloitte and Touche as their auditors.
It is anticipated that Casinovations will file a registration
statement with the Securities and Exchange Commission in late March
or early April.
Commenting on the contract extension, Gaming Venture Corp.
U.S.A., President, Alan R. Woinski, said, "We are pleased with the
confidence Casinovations has shown with the signing of this
additional contract. In the next few months, we expect
Casinovations to make the transition from a development company to an
operating company." He added, "Casinovations recently exhibited at
an industry trade show in England and the response to their Random
Ejection Shuffler was tremendous. Gaming Venture Corp. U.S.A.
plans to assist Casinovations in both the financial end of their
business and operations end in the next 18 months. One of the
reasons we recently added two new members to our Board of Directors
was to give the company more experience in casino operations in
order to pass that on to our clients. It is always exciting to
watch the transformation of a development stage company into an
operating company and we plan to assist Casinovations in their
progress."
Gaming Venture Corp. U.S.A. is a publishing and consulting
company specializing in the Gaming Industry. Gaming Venture Corp.
U.S.A. publishes "The Gaming Industry Weekly Report," "Gaming
Industry Daily Report" and "The Gaming Sector .... Yesterday, Today
and Tomorrow" as well as acting as a consultant and advisor to
various gaming and entertainment companies.
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theMitch |
