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Non-Tech : Applied Gaming Solutions - AGC (ASE) -- Ignore unavailable to you. Want to Upgrade?


To: Gator who wrote (377)6/9/1999 8:31:00 AM
From: Rogue_Trader  Read Replies (1) | Respond to of 509
 
Anyone know what the latest is on the lottery timescales? Things appear to be slipping. Also it's a shame that the press releases are more focussed on internal company issues rather than investor news.

Regards,
RT



To: Gator who wrote (377)6/11/1999 2:37:00 PM
From: roddio  Read Replies (2) | Respond to of 509
 
Just talked to Rob in IR. They are on their last step before firing up, and that is installing new ups units ( surge protectors ). The ones that the Viets wanted them to use from a local source didn't measure up to AGS's standards so they are obtaining them from an American firm named Chlorite.


Although they had wanted a May 30th launch date for the lottery
AGS felt it was better to delay a month to be sure beyond any doubt that the system would work without a hitch, and that their (our) equipment investment was protected properly, and so the delay to make it so. Since the terminals cost $5000 apiece, I certainly agree!

Now they just have to complete installation of new ups units and do a short testing of system,and that's it!....they can fire up the lottery!

Apparently the Viet government has been putting enormous pressure on CLCH to get this in operation. They want the revenue stream NOW!!

Based on these things I feel that we should get our announcement before month end

cheers, roddio