Great news,SGMS acquires leading Y2000 company!!!!!!!!!
maybe this helps to explain the runnup in price and volume, seems good; internet gambling and now Y2000 solutions.
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWSFOR: SOFTWARE GAMING CORP.
CANADIAN DEALING NETWORK SYMBOL: SGMSMARCH 29, 1999
Software Gaming Corp Announces It Has Acquired Beyond
2000 Solutions Ltd., a Leading Provider of Year 2000Solutions.
TORONTO, ONTARIO--Software Gaming Corp (SGMS): announces it has
acquired Beyond 2000 Solutions Ltd., a leading innovative
software development, marketing and distribution company,
specializing in the Y2K problem. The Y2K problem, often called the
"millennium bug" or Year 2000 problem, refers to the failure of a
computer's internal clock, processors and operating system to
recognize the "00" year designation. The "00" is misunderstood or
mistaken for "1900" instead of "2000". This problem also affects
software and historic files which may be date dependent.
With less than 277 days before January 1, 2000 the urgency to find
an affordable, universal and guaranteed Y2K fix is becoming almost
fanatical. For the ill prepared, the potential for disaster is
enormous. At the root of the problem is the way in which computers
and software have been designed. Historically, as a way to save
space in computer and software program coding, the first two
digits of the year (19) have been eliminated. After December 31,
1999, computer systems and software programs that are non Y2K
compliant will symbolize the year 2000 with two zeros (00). The
computer and many date sensitive applications and files will
automatically assume that the first two digits are 19, therefore
interpreting "00" to mean any year before 2000. This "confusion"
in the handling of dates can potentially lead to numerous
problems. These problems may include; computer systems crash,
miscalculation of information or the computer not being able to
boot up/turn on. These issues can effect and can be manifested in
both the hardware and installed software applications.
Beyond 2000 offers solutions that fix Y2K issues on any personal
computer running DOS or Windows based software. Beyond 2000's
products are the only retail product currently on the market in
North America that permanently fix the hardware (RTC, CMOS, BIOS)
of a personal computer and provide a permanent solution for
software. This software will make it easier for small businesses
to effectively reduce the threat of downtime resulting from
non-compliant components and applications by ineffectively being
able to handle the millennium rollovers, as well as leap year
issues in the new century.
Under the US name, these products have been successfully installed
at 3M, Applied Signal, American Express, British Airways, Chase -
Manhattan Bank (Singapore), and Coca-Cola Schweppes, to mention a few.
The average consumer has invested approximately $3000.00 in
household computer equipment. Home PC's users and small businesses
need a simple and easy to use Y2K fix. With well over 50 million
PC's in use in North America, January 1, 2000 could spell
disaster. Beyond 2000 Solutions Ltd.'s products enable a computer
user to turn Y2K into a quiet new years day in the year 2000.
Competitive players in the Y2K market include Norton 2000 from
Symantec Corporation (NASD: SYMC) which fixes hardware problems
only, and McAfee€s First Aid 2000 software from Network Associates
(NASD: NETA)which fixes hardware and a small amount of software.
Consideration for this acquisition will be $1,125,000.00 which
will be satisfied through the issuance of 7,500,000 common shares
at $0.15 per share. This is an arms length acquisition. Upon
completion of this transaction no shareholder will be obtaining in
excess of 10 percent of the issued and outstanding shares of
Software Gaming Corp.
Software Gaming Corp. currently trades under the symbol SGMS OTC:
Toronto. With this new acquisition, there are currently
46,378,218 million shares issued and outstanding.
NOTE: Brands and products referenced herein are the trademarks or
registered trademarks of their respective holders |
