PEMBROKE PINES, Fla.--(BUSINESS WIRE)--July 19, 1999--Research
Investment Group Announces Investment Opinion on Omicron Technologies
Inc. (OTC BB:OGPS).
CAPITAL STRUCTURE & TRADING RANGE (as of July 18, 1999)
Issued & Outstanding (fully diluted): approx. 24.17 million shares
Est'd Float: approx. 2 million shares
1999 Trading Range: US$0.47 (low) by US$7.50 (high)
Current Bid & Ask: US$1.5/16ths-$1 11/32nds
Investors during the past 12 months have made substaintial gains
in Online Gaming Stocks.
A few Online Gaming Stocks that have achieved tremondous gains
for investors.
Casinolive.com YBET:OTC.........UP 5800%
GLC Limited GLXW:OTC.........UP 1400%
Starnet Comm SNMM:OTC.........UP 2800%
GoCall Inc GOCA:OTC.........UP 1400%
OGPS GOES ONLINE GAMING.
OGPS (OTC BB:OGPS) has made two major Internet gambling software
acquisitions, as well as announcing the launch of the Lucky Eight
Casino. Collectively, these agreements have firmly established Omicron
as a preferred supplier of online gaming systems and a leader in the
Internet gaming industry. In the future, Omicron intends to develop
and operate numerous casino websites targeting various market niches
worldwide. LUCKY EIGHT CASINO - On June 10th, Omicron Technologies
announced the impending launch of the Lucky Eight Casino, targeting
the Chinese speaking communities in Hong Kong, Mainland China,
Singapore, Malaysia; the site will also be available in Japanese,
Korean and five other languages. The Lucky Eight Casino website is
intended for use by Asian web browsers and operating systems.
ONLINE GAMING SOFTWARE & JOINT VENTURES - The Lucky Eight Casino
announcements were followed by a joint venture agreement with Double
Mastery, Ltd, a private Nevis, West Indies corporation on June 29th.
Double Mastery and Omicron will each own 50% of the joint venture
company, which will license the premier turn-key Internet gaming
software available to those interested in entering the online gaming
industry. Each licensee would be supplied with a customized,
full-service Internet gaming system, including virtual casino games
and sports betting. Customers would be able to place wagers via a
secure, online financial transaction system.
The gaming technology will be licensed to independent operators
in exchange for a percentage of the net revenues generated by their
casino websites. The joint venture expects to license over 50 casino
websites within the next six months generating in excess of US$10
million in total revenues and over US$1 million in pre-tax income to
Omicron.
On July 6th, OGPS acquired Cyberweb Systems Inc., a private
company specializing in Internet gaming software development.
Cyberweb's programming and systems expertise complement the
development and operations of Omicron's "Lucky Eight Casino"
(particularly their online contact directory for Asian businesses and
individuals). In addition to its focus on Internet gaming software
development, Cyberweb also hosts and designs websites; the company is
currently hosting fifteen websites and has the hardware capabilities
to host thousands of websites.
As part of the acquisition, Omicron also gains control of a new,
full-service financial information website developed by Cyberweb. This
site, which Omicron will bring on line very shortly, will include free
real-time quotes on all US & Canadian stocks, Java charting, COMTEX
news and a free portfolio tracking system that will send an email when
a stock price reaches a high or low parameter set by an investor.
With the addition of Cyberweb, Omicron is strategically
positioned to expand its worldwide gaming and Internet-based business
through software and website development.
INTERNET BINGO
OGPS announced on July 13th that it had begun formal negotiations
to acquire a private company engaged in the development of "next
generation" BINGO software for Internet gaming Web sites.
Internet BINGO business is in the early stages of its
development, with very few active gaming Web sites that provide the
opportunity to play the game of BINGO for money. Analysts familiar
with the worldwide gaming business predict that gross revenues from
Internet Bingo could exceed US$4 billion over the next two years.
The unique BINGO software under development will not require the
downloading of software and will not use computer generated numbers to
play. Omicron's Bingo Web site will display, in real-time using a
JAVA-based camera system, a "Live Bingo Hall" from three different
angles showing the hall itself, the number board and the Bingo balls
as they come out of the machine. With an average of 100 people playing
per hour, the gross revenues generated could exceed US$26 million, of
which Omicron would receive 40% of the gross.
OGPS GETS MAJOR BACKING
On July 15th, Omicron announced that it had entered into a
financial consulting services agreement with National Capital Merchant
Group, Ltd. ("NCMG"); NCMG will provide Omicron with advisory services
regarding investment banking & capital sources, mergers &
acquisitions, capital structures, financial transactions,
broker/dealer & institutional investor relations, and reporting &
disclosure.
The NCMG agreement is a significant accomplishment for Omicron,
and will benefit the company in many ways!
First and foremost, NCMG is a well-capitalized fund that
structures direct equity investments, mezzanine financing, or
commercial lending. The NCMG fund was established to provide debt or
equity financing to micro-cap or small-cap companies such as Omicron;
NCMG will become a strategic partner of OGPS, and be very involved in
the company's future development and growth.
National Capital will strive to ensure an orderly liquid market
for OGPS shares. NCMG will also work within its nationwide network of
broker/dealer and investment banking firms to promote Omicron as an
attractive emerging growth company investment opportunity.
Lastly, NCMG and its Fast Track SEC Reporting Program will assist
Omicron in preparing the necessary documentation to become a fully
reporting company; OGPS expects to file its registration statement in
August.
Omicron is well-positioned to take advantage of the explosive
growth in online gambling. The company's Lucky Eight online casino is
scheduled to begin operations in August, and will be a source of
significant revenues. Over the past six weeks, OGPS has made two
significant Internet gambling software acquisitions, with the goal of
establishing Omicron as a preferred supplier of online gaming systems.
In the future, Omicron intends to develop and operate numerous casino
websites targeting various market niches worldwide.
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