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Non-Tech : Casino Journal Publishing Group (CJPG) -- Ignore unavailable to you. Want to Upgrade?

To: joe z who wrote (85)	7/20/1999 2:52:00 PM
From: Dr. Microcap	Respond to of 97

What are you smoking? CJPG did .04 EPS compared -.06! I'd say that is a huge improvement! Just look at INDI. 3/4 to over $11.00 on -.91 in trailing losses! CJPG is worth more then $3.50! <eom>

To: joe z who wrote (85)	8/14/1999 8:41:00 AM
From: Dr. Microcap	Respond to of 97

August 13, 1999 CASINO JOURNAL PUBLISHING GROUP INC (CJPG) Quarterly Report (SEC form 10QSB) Management's Discussion and Analysis of Financial Condition and Results of Operations: Trends and Uncertainties. Inasmuch as a major portion of the Company's activities is the publishing of magazines and newsletters primarily for the U.S. gaming industry and its consumers, the organization and sponsorship of major trade shows and conventions for the gaming industry as well as consumer gaming festivals for specific resorts or casinos, the publishing of a mail order-catalog selling various gaming-related products, the development and operation of a daily 900 number hotline information service and providing consulting services, the Company's business operations may be adversely affected by competitors and prolonged recessionary periods. In addition, the future exercise of any of the outstanding Warrants is uncertain. The lack of future exercise of the Class A or Class B Warrants could negatively impact the Company's ability to successfully expand operations. Capital and Source of Liquidity. On April 3, 1998, the Company and its combined affiliates merged with Gaming Venture Corp., U.S.A., A Nevada corporation ("Gaming"). The Company and its combined affiliates became wholly-owned subsidiaries of Gaming, the legal acquiror. As the Company's and its combined affiliates' shareholders acquired approximately 65% of Gaming's outstanding voting shares, the merger was accounted for as a reverse acquisition of Gaming by the Company, the accounting acquiror in the transaction. The total cost of the acquisition was $3,726,235, consisting of the purchase price of $3,217,468, measured by the 1,608,734 common shares retained by the Gaming's shareholders at their fair value at the closing date of $2.00 per share and the value of stock options ($350,000) granted to shareholders of the Company (see Note 4 to the Audited Financial Statements) plus transaction costs of $158,767. The Company rents two office facilities from shareholders. One facility is occupied pursuant to a ten year lease which began on June 1, 1997 and requires annual rent payments of $120,000, and the other facility is occupied pursuant to a five year lease which began on January 1, 1996 and requires annual rent payments of $18,000. Total related party rent expense was $69,000 and $35,403 for the six months ended June 30, 1999 and 1998, respectively. For the six months ended June 30, 1999, the Company had an increase in loan receivables from shareholders and related parties of $105,401 and an increase in loans receivable from employees of $4,225. The Company purchased $35,807 worth of equipment, and had an increase in marketable securities of $554,940. As a result, the Company had cash flow used in investing activities of $700,373 for the six months ended June 30, 1999. For the six months ended June 30, 1998, the Company had an increase in loan receivables from shareholders and related parties of $253,222 and an decrease in loans receivable from employees of $3,322. The Company purchased $60,877 worth of equipment, and had a decrease in marketable securities of $39,664. As a result, the Company had cash flow used in investing activities of $271,113 for the six months ended June 30, 1998. For the six months ended June 30, 1999, the Company made distributions of $65,194 to a minority interest. The Company received proceeds of $61,375 from the issuance of its common stock. As a result, the Company had net cash used in financing activities of $3,819 for the six months ended June 30, 1999. For the six months ended June 30, 1998, the Company had an increase in notes payable of $200,000. The Company made principal payments on loan payable, automobile of $9,025. The Company received proceeds of $200,238 from the issuance of its common stock. The Company made distributions of $62,350 to the then sole stockholder for the six months ended June 30, 1998. As a result, the Company had net cash provided by financing activities of $328,863 for the six months ended June 30, 1998. Results of Operations. The Company had net income of $470,032 for the six months ended June 30, 1999. The Company received revenues of $6,756,416 that consisted of advertising revenue of $3,530,629, subscription revenues of $1,607,357 and other revenues which consisted primarily of consulting fees of $281,325, tradeshow revenues of $1,186,148 and miscellaneous revenues of $150,957. The Company had direct costs of $3,430,839 for the six months ended June 30, 1999. Operating expenses for the six months ended June 30, 1999 were $2,661,466 that includes payroll related costs of $1,578,580, postage of $138,711 and other nonmaterial expenses of $680,838. Promotion expenses were $263,337 for the six months ended June 30, 1999. The Company had an increase in accounts receivable of $654,739. Inventories increased $338 for the six months ended June 30, 1999 and prepaid expenses decreased by $19,029. Deferred promotion expenses decreased $13,931. Deferred advertising revenues decreased $31,667. Deferred subscription revenues increased $961,671 from the sale of its magazine and newsletter subscriptions. Deferred tradeshow revenues decreased $312,978. The Company had depreciation and amortization of $100,933 for the six months ended June 30, 1999. The Company had minority interest in earnings of American Gaming Summit, LLC of $65,194. The Company had a decrease in accounts payable and accrued expense of $1,430 and an increase in income taxes payable of $148,000. Other assets decreased by $3,443 for the six months ended June 30, 1999. Net cash provided by operations for the six months ended June 30, 1999 was $781,081. The Company had net income of $128,663 for the six months ended June 30, 1998. The Company received revenues of $4,705,033 that consisted of advertising revenue of $2,722,540, subscription revenue of $930,641 and other revenues that consisted primarily of consulting fees and trade show revenue of $1,051,852. The Company had direct costs of $2,182,449 for the six months ended June 30, 1998. Operating expenses for the six months ended June 30, 1998 were $2,272,438. These consisted principally of general payroll related costs of $1,268,432, advertising and promotion of $179,668, postage of $131,404, travel and entertainment of $119,248, bad debts of $91,509 and other nonmaterial expenses of $482,177. The Company had an increase in accounts receivable of $9,878. Inventories decreased $3,234 for the six months ended June 30, 1998 and prepaid expenses increased by $523,887. Deferred subscription revenue increased $182,423. The Company had depreciation and amortization of $51,269 for the six months ended June 30, 1998. The Company had a decrease in accounts payable and accrued expenses of $196,397 and an increase in income taxes payable of $80,823. Other assets decreased by $17,473 for the six months ended June 30, 1998. Net cash used in operations for the six months ended June 30, 1998 was $266,277. The Company is seeking to lower its operating expenses while expanding operations and increasing its customer base and operating revenues. The Company is focusing on decreasing administrative costs. However, increased marketing expenses will probably occur in future periods as the Company attempts to further increase its marketing and sales efforts. Impact of Year 2000. The Year 2000 issue is the result of computer programs being written using two digits rather than four to define the applicable year. Any of the Company's computer programs that have time- sensitive software may recognize a date using 000 as the year 1900 rather than the year 2000. This could result in a system failure or miscalculations causing disruptions of operations, including, among other things, a temporary inability to process transactions, send payments on invoices, or engage in similar normal business activities. The Company has initiated formal communications with its business venture associates and affiliates to determine the extent to which the Company's interface systems are vulnerable to those third parties' failure to remediate their own Year 2000 issues. There can be no guarantee that the systems of other companies on which the Company's own systems may rely will be timely converted and would not have an adverse effect on the Company's systems. The majority of the Company's computer systems and network are Macintosh based The Y2K bug are not expected to affect Macintosh based systems. The Company's MIS Director has assessed the computer systems for the Company and determined the overall systems to be Y2K ready. The few PC computer systems in the Company have been converted to newer computers that are Certified Year 2000 compliant. Some individual minor issues have been addressed and will be resolved in the middle of 1999. These issues would not significantly affect the function of the Company in any case. The Company believes that the Year 2000 issue will not pose significant operational problems for its computer systems. CASINO JOURNAL PUBLISHING GROUP, INC. -------------------------------------------------------------------------------- Recent Filings: Nov 1998 (Qtrly Rpt) \| Mar 1999 (Annual Rpt) \| May 1999 (Qtrly Rpt) \| Aug 1999 (Qtrly Rpt) More filings for CJPG available from EDGAR Online EDGAR Online offers detailed company intelligence with Real Time SEC Filings, Full Search, People, Personal and more.

To: joe z who wrote (85)	8/16/1999 9:10:00 AM
From: Dr. Microcap	Respond to of 97

Company Press Release SOURCE: Casino Journal Publishing Group, Inc. Casino Journal Publishing Group Reports 300% Increase In 6 Month Earnings Per Share Highlights 2nd Quarter Revenues sets record of $3,638,920: +39% 6 Month Revenues sets record of $6,756,416: +44% 2nd Quarter EBITDA sets record of $495,000 or .10 per share 6 Month EBITDA sets record of $799,000 or .16 per share 'Best of' Casino Player Issue sets new monthly advertising record of $516,000 Letter of Intent With BG Media Expires LAS VEGAS, Aug. 16 /PRNewswire/ -- Casino Journal Publishing Group, Inc. (OTC Bulletin Board: CJPG - news) today announced record results for the 2nd quarter and 6 month financial reporting periods ending June 30, 1999. The 2nd quarter and 6 month periods set records in just about every aspect of the Company. REVENUES Revenues for the 2nd quarter totaled $3,638,920 as compared with $2,624,699 in the year ago period, up 39% or $1,014,221. The increase in revenues were driven by a 33% increase in advertising revenues to $1,984,005 and a 95% increase in subscription revenues to $825,075. Revenues for the 6 month period ending June 30, 1999 rose 44% to $6,756,416 from $4,705,033 in the year ago period. Advertising revenues rose 30% to $3,530,629 while subscription revenues rose 73% to $1,607,357. Revenues from the Company's trade shows nearly doubled from the year ago period to $1,186,148. The dramatic Subscription revenue growth for the 2nd quarter and 6 month period were a direct result of the Company's aggressive marketing promotions which took place in 1998 along with the release of the Company's newest consumer magazine, Strictly Slots, in December of 1998. Strictly Slots has generated cash subscription revenue of approximately $1 million since the launch in December while Casino Player has increased its paid circulation during that time. The record advertising revenues for the 2nd quarter and 6 month period were driven by increased circulation of Casino Player, the successful launch of Strictly Slots and a 15% increase in advertising revenue at the Company's flagship Trade publication, Casino Journal. EBITDA EBITDA (Earnings Before Interest Taxes, Depreciation and Amortization) rose 155% for the 6 month period ending June 30, 1999 to $799,000 or 0.16 per average share outstanding. For the 2nd quarter, EBITDA rose to $495,000 from $491,000. EBITDA, on a comparison basis over 1998, was negatively affected by amortization of past promotional expenses. In the first 6 months of 1998, there were no promotional expenses amortized. EBITDA before amortization of promotional expenses was $595,000 or 0.12 per share in the 2nd quarter and $950,000 or 0.19 per share for the 6 months ended June 30, 1999. EPS Earnings per share (EPS) grew to 0.09 per basic and diluted weighted average share outstanding for the 6 months ended June 30, 1999, a 300% increase over the 0.03 per share reported in the 6 months ended June 30, 1998. EPS for the 2nd quarter 1999 was 0.06 per share versus 0.07 per share in 2nd quarter 1998. The decrease in EPS was due to the amortization of past promotional expenses in fiscal 1999 against no amortization of past promotional expenses in 1998, a higher reserve for income taxes in the 2nd quarter of 1999 and a higher number of average shares outstanding due to the Company being public for a full year. LETTER OF INTENT Casino Journal Publishing Group, Inc. also announced today that the letter of intent with BG Media Investors LP for negotiating a transaction whereby BG Media would acquire control of the Company was expiring today and would not be extended. The 2 companies were unable to reach agreement on the various aspects of the transaction and both parties agreed that an extension of the letter of intent was not in the best interest of the parties. While Casino Journal Publishing Group, Inc. will consider any offer which is brought to the Company by any Interested Party, it is no longer actively seeking a buyer of the Company and will focus more on enhancing shareholder value by undertaking a marketing campaign to generate interest in the Company's common stock trading and seeking financing to implement the next aggressive marketing campaign. As of June 30, 1999, Casino Journal Publishing Group, Inc. had total assets of $7,925,943. The return to profitability in the first half of 1999 has increased the Company's Net Tangible Assets to $2,192,812. Although the Company has generated audited revenues of $22,000,000 over the last 3 years, which resulted in the restriction of being a ``Penny Stock' removed, compliance officers of many broker dealers would not give approval for their brokers to recommend the Company's stock due to the Net Tangible Assets being below $2 million. With the Company's Net Tangible Assets now in excess of $2 million, the Company is no longer considered a ``Penny Stock' under rule 15g-9 under the Exchange Act, thus not imposing additional sales practice requirements on broker-dealers. COMPANY COMMENT Commenting on the earnings and events which occurred in the first half of 1999, Casino Journal Publishing Group, Inc. Chairman, CEO and Group Publisher, Glenn Fine, said, ``It may be hard to believe by looking at our financial results for the first 6 months of 1999, but the negotiations with BG Media did distract management and slow the Company down a little. Discussions have been underway about some joint ventures and other transactions and the parties we were discussing business with were not comfortable entering into serious negotiations until they knew what the status was with our talks with BG Media. We expect to complete one or more of these transactions in the 3rd quarter.' Alan Woinski, President and CFO of the Company added, ``While our door remains open to any Parties who are interested in making an offer which will enhance shareholder value, the focus of the Company will now be on continuing the raging growth, increasing the value and activity of our Common Stock, and generating the financing the Company needs to not only complete the next phase of our growth plan but also to list our Company on either the Nasdaq or AMEX stock markets. Management knows quite well that at the current market capitalization of our Company, we will remain a target for others looking to capitalize on our low market value. With Friday's bid price, the Company is valued at $11.25 million. We are on pace to generate over $12 million in revenues this year, up 33% from last year and in the year 2000, our revenues should be double what they were in 1997. It is not very often where you see a company with over 30% annual growth in its past 3 years and .16 per share in EBITDA in the first 6 months of its current year which trades at the low multiple that we do. We are aware that part of the reason is the stigma which is attached to many of the companies trading on the OTC Bulletin Board and the Company will use every effort to increase the value of our common stock and move the trading to a listed exchange.' Casino Journal Publishing Group, Inc. publishes Casino Journal, the company's flagship magazine, and the most widely read trade publication serving the gaming industry; the National Gaming Summary, an extensive weekly newsletter that provides up-to-the-minute gaming news; the Gaming Industry Weekly and Daily Reports and the Daily Lodging Report targeting gaming and lodging executives and investors. For the gaming consumer, CJPG publishes Casino Player and Strictly Slots, the nation's largest circulation consumer gaming publications, and the Atlantic City Insider, which targets the frequent Atlantic City gambler. The Company also produces the American Gaming, Lodging and Leisure Summit in conjunction with Bear Stearns & Co. and the law firm of Lionel Sawyer and Collins; the Southern Gaming Summit with the Mississippi Casino Operators Association; the Atlantic City Chamber of Commerce Business Expo, the Northern Gaming Summit in conjunction with the Michigan law firm of Fraser Trebilcock Davis & Foster and Bear Stearns & Co. and UNLV Casino Ops trade shows. Safe Harbor: Certain statements in this press release, including statements regarding the anticipated development and expansion of the Company's business, and the intent, belief or current expectations of the Company, its directors or its officers, are ``forward-looking' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. CASINO JOURNAL PUBLISHING GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 1999 1998 1999 1998 Revenues $3,638,920 $2,624,699 $6,756,416 $4,705,033 Direct costs 1,802,546 1,029,240 3,430,839 2,182,449 Gross profit 1,836,374 1,595,459 3,325,577 2,522,584 General and administrative expenses 1,418,983 1,184,968 2,661,466 2,272,438 Income from operations 417,391 410,491 664,111 250,145 Other income 8,857 30,668 19,115 6,517 Income before income taxes and minority interest 426,248 441,159 883,226 256,663 Income taxes 148,000 128,000 148,000 128,000 Income before minority interest 278,248 313,159 535,226 128,663 Minority interest in earnings (loss) of American Gaming Summit, LLC (5,208) -- 65,194 -- Net income $283,454 $313,159 $470,032 $128,663 Basic and diluted income per share $.06 $.07 $.09 $.03 Shares used in calculation of income per share 4,984,097 4,533,020 4,979,071 3,803,245 SOURCE: Casino Journal Publishing Group, Inc. -------------------------------------------------------------------------------- More Quotes and News: Casino Journal Publishing Group Inc (OTC BB:CJPG - news) Related News Categories: earnings, gambling -------------------------------------------------------------------------------- Help

To: joe z who wrote (85)	9/7/1999 10:06:00 AM
From: Dr. Microcap	Respond to of 97

Riverboat Regulators to be Featured at Northern Gaming Summit Executives with Gaming Divisions in Illinois, Indiana, and Missouri, as well as Top Gaming Regulator in Michigan to Appear on Panel DETROIT, Sept. 7 /PRNewswire/ -- Officials with the Northern Gaming Summit announced today that some of the leading gaming regulators in the Midwest will appear on a panel at the Summit, scheduled for October 12-14, 1999 at Cobo Conference and Exhibition Center in Detroit. The Northern Gaming Summit is the first conference and trade show produced for the gaming industry in the Northern U.S. and Canada. The producers of the Northern Gaming Summit are Casino Journal Publishing Group, the industry's leading information company, and Fraser Trebilcock Davis & Foster P.C., the Michigan law firm that specializes in gaming law. On October 13 at 11:30 a.m., a seminar entitled ``Riverboats vs. Land- Based: Making a Difference' will feature top executives with the gaming boards of Illinois, Indiana and Missouri, as well as the top law enforcement officer overseeing gaming regulations in Michigan. Moderated by Donna B. More, an attorney with the Chicago law firm of Freeborn & Peters, the session will focus on the differences between land-based and riverboat casinos and how they provide economic impact for their host communities. Appearing on the panel will be Kevin Mullally, Deputy Director, Missouri Gaming Commission; Jack Thar, Executive Director, Indiana Gaming Commission, and Robert Vickrey, Chairman, Illinois Gaming Board. In addition, Eric Eggan, Assistant Attorney General in Charge of the Casino Control Division for the state of Michigan, will give his input. From the operators' perspective, Sal Semola, Vice President of Table Games Operations for Greektown Casino will also take part. The Northern Gaming Summit will feature keynote speeches by Detroit Mayor Dennis Archer, American Gaming Association President Frank Fahrenkopf, Detroit City Council President Gil Hill, MGM Grand Inc. Chairman J. Terrence, and Mandalay Resort Group President and CFO Glenn Schaeffer. At the opening session on October 14, the chief operating officers of Detroit three casinos will be featured on a panel, including MGM Grand's Lyn Baxter, MotorCity's Craig Ghelfi, and Greektown's Mike Mecca. In addition to the keynote speakers, the Northern Gaming Summit will present an impressive series of speakers who will appear on the panels of seminars that will address all the important issues concerning Native American, riverboat, land-based and charitable gaming in the Northern U.S. and Canada. The Northern Gaming Summit also gives gaming vendors the opportunity to display and demonstrate their products and services to a wide array of more than 150 casinos, from Native American gaming operations and riverboats to land-based casinos and major resorts. The producers of the Northern Gaming Summit are key players in the casino industry. Fraser Trebilcock Davis & Foster, P.C. is a full-service law firm with offices in Lansing and Detroit whose lawyers and gaming analysts are well-versed in the legal, historic, and business aspects of the gaming industry throughout the world. The Fraser firm is dedicated to keeping objective and accurate information available to all parties through its Michigan Gaming Law materials, which consist of a web site (http://www.michigangaming.com), a newsletter, and a variety of published works including a comprehensive legal resource book. In addition to Casino Journal magazine, Casino Journal Publishing Group (OTC Bulletin Board: CJPG - news) publishes Casino Player, the largest circulation consumer magazine for the casino industry; Strictly Slots, a consumer magazine aimed at slot machine and video poker enthusiasts; the Atlantic City Insider, a monthly consumer-advocate newsletter for gamblers in Atlantic City; the National Gaming Summary, a weekly gaming industry newsletter; Nevada Hospitality, the official publication of the Nevada Hotel/Motel Association; and the Gaming Industry Weekly Report, the Gaming Industry Daily Report and the Daily Lodging Report-three financial newsletters for investors and industry executives. The company also hosts gaming's most comprehensive website at casinocenter.com. In addition to the Northern Gaming Summit, Casino Journal Publishing Group also produces several trade shows including the American Gaming, Lodging and Leisure Summit, with the Nevada law firm of Lionel Sawyer & Collins, and Bear Stearns & Co. Inc.; the Southern Gaming Summit, in partnership with the Mississippi Casino Operators Association and Prudential Securities; UNLV's Casino Ops; and the Greater Atlantic City Chamber of Commerce Business Expo. Casino Journal Publishing Group is a publicly traded company trading under the symbol CJPG on the OTC Bulletin Board. For more information on sponsoring, exhibiting or attending the Northern Gaming Summit, please call 1-800-877-7176 or visit the website at northerngaming.com. SOURCE: Northern Gaming Summit