OGPS news More to come I believe.
Monday July 19, 5:01 pm Eastern Time
Company Press Release
Research Investment Group
Announces Investment Opinion on
Omicron Technologies Inc.
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.
DISCLAIMER
Research Investment Group (''Research Investment Group'') is not a Registered Investment Advisor or a Broker / Dealer.
Research Investment Group has independently prepared this report for Omicron ''OGPS: OTC BB'', drawing upon a range of public news and information sources. Subsequently, Research Investment Group has entered into agreements with (and paid fees to) reputable, independent, third party distribution services to disseminate this report by e-mail to the international investment community.
This electronic communication reflects opinions from Omicron, Inc. (the''Company''). Readers are advised that this publication is issued solely for information purposes and is not to be construed as an
offer to sell or the solicitation of an offer to buy. The opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or
implied, is made as to their accuracy, completeness or correctness. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. The foregoing discussion contains forward-looking statements that are based on current expectations and differences can be expected.
The information contained herein has been provided by the Company to Research Investment Group for information purposes only; in addition, the information contained in this report is not intended to be a complete discussion of information regarding some of the current and/or intended business activities of the Company. Readers are urged to consult with independent financial advisors with respect to an investment in the shares mentioned herein. Investors should review a complete information package on the Company which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings. All information
contained in this report should be independently verified with the Company mentioned herein. Any opinions expressed in this report are statements of judgment as of the date of publication and are
subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. Neither Research Investment Group nor its officers, directors, partners or employees /
consultants accept no liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.
In order to be in full compliance with the Securities Act of 1933, Section 17(b), Research Investment Group advises the readers of this electronic document that it has received a fee of 25,000 free-trading common shares of ''OGPS OTB:BB'' as compensation for its efforts in researching, writing, presenting and disseminating the information contained herein. Prior to Research Investment Group disseminating this information, the Company reviewed and approved the contents hereof.
Research Investment Group, its officers, directors, partners and employees / consultants may profit in the event the shares of the Company increase in value. These positions may be liquidated from
time to time even after Research Investment Group, its officers, directors, partners and employees / consultants have made positive comments on the Company.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE
BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES
IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage U.S. readers to review the investing information available with the Securities and
Exchange Commission (''SEC'') at sec.gov and/or the National Association of Securities
Dealers (''NASD'') at nasdr.com The NASD has published information on how to invest
carefully at its website.
Contact:
Omicron Technologies, Bellingham, Wash.
Gary Robinson or Rick Klassen
877/903-2288
info@omicrontechnologies.com |
