Company: Omicron Technologies, Inc.
Symbol: OGPS
Exchange: OTC:BB
52 Week Low-High: $0.47-$7.50
Current Price: $1.50
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Omicron Technologies, Inc. (OTC BB: OGPS) has launched its Lucky Eight
Casino and Sports Betting Web site at luckyeightcasino.com. Visitors to
this new site can now play authentic Pai Gow Poker as well as 21 other
machine and table games including Java versions of Blackjack, Slots, Video
Poker and Caribbean Stud. Lucky Eight Casino can be accessed in Chinese,
Japanese, English, Spanish, French, Italian, Portuguese and German. The
Web site will soon be accessible in Korean, Cantonese and Mandarin.
The Lucky Eight Casino was designed with the assistance of a positive
energy flow or "Feng Shui" consultant to target the Chinese speaking
communities in Hong Kong, Mainland China, Singapore, Malaysia and
those in many other countries. "Lucky Eight" is based on popular Chinese
numerology in which the number eight is associated with "prosperity and
fortune". Omicron has initiated an extensive marketing campaign for this
new site with DS Communications Group. They will be providing software
and product localization services specializing in major Asian languages as
part of Omicron's marketing campaign. Lucky Eight is the first of many
online casinos developed to target various market niches worldwide.
Many industry experts perceive the Asian market as "an untapped gold mine"
in the online gaming industry. Internet use in the Asia Pacific Region is
estimated at 30 million users for 1998, and growing exponentially by over
300% per year. Macromedia estimates current Internet users in China at 5
million. Computer Economics Inc. projects that by 2005, China will have
37.3 million Internet users, second only in usage to the United States.
Furthermore, total gambling turnover in Asia is the highest in the world,
surpassing $600 billion USD in 1997. The 1998 Casino and Gaming
Business Market Research Handbook predicts that the worldwide Internet
gaming market could reach $100 billion USD in annual revenues by 2005.
Lucky Eight Casino's projected revenues, after a sustained marketing
campaign, are expected to exceed $200,000 per month. Omicron plans to
develop ten unique, targeted, theme-based casinos within the next year that
should generate revenues exceeding $24 million per year. Combined with
its estimated online bingo revenues of $26 million, Omicron expects to
generate total revenues in excess of $50 million in 2000 from its casino and
bingo operations.
Omicron is committed to become 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), New Discoveries Publishing Corp.
(OTC BB: NWDP), Casinolive.com (OTC BB: YBET), Cryptologic
(TSE: CRY.TO), GLC Limited (NASDAQ: GLXW), Starnet Communications
International Inc. (OTC BB: SNMM), 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.
For further information, contact us toll free at:
Telephone : 877-903-2288
Web sites
omicrontechnologies.com
4value.com
market-infocom.com
thesubway.com
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.
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