OGPS news
BELLINGHAM, Wash.--(BUSINESS WIRE)--July 15, 1999--Omicron
Technologies, Inc. (OTC BB:OGPS) has entered into a financial
consulting services agreement with National Capital Merchant Group,
Ltd. (NCMG).
They will provide financial and business advice regarding
investment banking & capital sources, mergers & acquisitions, capital
structures, financial transactions, broker/dealer & institutional
investor relations and reporting & disclosure. NCMG will work within
its network of broker/dealer and investment banking firms to provide
assistance in gaining exposure for Omicron as an emerging growth
company that is developing technology and Internet-based businesses.
NCMG is a well capitalized fund that identifies, evaluates these
opportunities, and structures direct equity investments, mezzanine
financing, or commercial lending. The fund was established to provide
debt or equity financing to micro-cap or small-cap companies and to
become a strategic partner, involved in the development and growth of
select companies. NCMG's mission is to assist emerging companies in
maximizing their growth potential by providing sophisticated financing
solutions and strategic advice that is individually tailored to meet
each client's short and long-term goals.
NCMG is one of the National Capital group of companies. They
provide full-service investment banking, brokerage, trading/market
making and financing services primarily focusing on new and rapidly
growing companies. The National Capital group of companies operate
from multiple locations coast to coast and also include National
Broker Dealer Service Corporation and Travis Morgan Securities, Inc.
As an active Omicron market maker, National Capital strives to ensure
an orderly liquid market, efficient executions, and assists in
establishing relationships between the corporate client and the
financial community.
Our association with NCMG and the National Capital group of
companies will virtually assure Omicron's success in completing a
significant equity financing in the near future. In addition, we are
continuing to pursue our own funding sources to ensure that our
financing needs will be fulfilled.
Under the guidance of the National Capital group of companies and
their Fast Track SEC Reporting Program, Omicron is currently preparing
the necessary documentation to become a fully reporting company. This
is a very high priority item for the company and it expects to file
its registration statement within the next 30-45 days.
Additionally, Omicron has been selected as a featured company on
Market-Infocom's Web site www.market-infocom.com. This new site,
launched on June 19, identifies emerging companies' stories that have
been largely overlooked by major Wall Street investment advisors.
Market-Infocom also publishes a monthly newsletter on its site, MIC
Focus.
Omicron expects to become established as a preferred supplier of
online gaming systems and a leader in the Internet gaming industry.
Competitors in this industry include: Bingo.com Inc. (OTC BB:BIGG),
Bingo & Gaming International Inc. (OTC BB:BING), Casinolive.com
(OTC BB:YBET), Cryptologic (TSE:CRY.TO), GLC Limited (Nasdaq:GLXW),
GIC Global Entertainment Corp. (OTC BB:GGNC) and YouBet.com
(Nasdaq:UBET).
Omicron Technologies, Inc. is in the business of acquisition,
research and development, and marketing of leading edge technologies
for the Aerospace, Telecommunications, Defense, Consumer Electronics
and Internet-based business concepts. Through the combined strategy of
focusing on marketing niches and speedy development of its proprietary
technologies, Omicron hopes to gain significant market penetration in
these areas.
OMICRON TECHNOLOGIES, INC.
Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements Except for
historical information contained herein, the statements in this news
release are forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in the
future periods to differ materially from forecasted results. These
risks and uncertainties include, among other things, volatility of
prices, product demand, market compensation, risk inherent in the
company's international operations, imprecision of reserve estimates
and the company's ability to replace and expand reserves.
--30--AMP/se*
CONTACT: Omicron Technologies, Inc.
Barrett Sleeman, 877/903-2288
www.omicrontechnologies.com
www.market-infocom.com
KEYWORD: WASHINGTON
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED
COMPUTERS/ELECTRONICS
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