By: oksteeler
Reply To: None Wednesday, 4 Aug 1999 at 10:48 PM EDT
Post # of 855
DD for New Investors:
Following are areas I feel are important and the information used is from previous news releases and DD.
TECHNOLOGY
Presently, most electronic imaging products are based on a sensor technology known as charge-coupled devices (CCD), which was developed by Bell Labs in the late 1960s.
Basically, CCD's operate an array of cells, with each cell representing a picture element or pixel that converts light into an electrical charge of varying intensity. CCD's work well, but are difficult to produce and consume a good deal of power. APS technology, on the other hand, contains an amplifier in each pixel - the net result being superior performance, with greatly reduced power consumption, thereby facilitating miniaturization.
It is anticipated that Omicron Technologies APS CMOS
sensors will compete with and largely replace widely used CCDs. The markets for CCD products currently represents billions of dollars in annual sales with steady growth fueled by technological advances. In - Stat Group based in Scottsdale Ariz., sees the imaging chip market, including the products the chips are used in growing by 60% to $23 billion in 2002 with a 300% increase in the number of products sold. Peripheral Insight further estimates the total available market for digital imaging at 110 million units by 2002.
Omicron Technologies entry into the marketplace was heralded by an agreement to commercialize a radically new electronic imaging technology with ViaSpace Technologies LLC, of Pasadena, Calif. The technology, known as Complementary Metal-Oxide-Semiconductor (CMOS) Active Pixel Sensor (APS) was developed as a result of research through NASA's Jet Propulsion Laboratory (JPL). The new APS technology is smaller, has superior video imaging capabilities, is about one fifth the cost of existing CCD and uses roughly 100 times less power than the CCD products. The potential unleashed by this development stands to revolutionize the $23 billion (by 2002, In-Stat
Group) digital imaging industry, as we know it.
On October 16, 1998 the company announced a joint venture agreement with ViaSpace Technologies, LLC. to develop a new technology which is being utilized in NASA's New Millennium Deep Space 1 Mission to image the features of an asteroid and is also planned for Mars Landing in 2001. The APS will be combined with advanced wireless radio technology to produce a wireless camera system. To date the company has been contacted by six wholesale distributors interested in the product. Within the next six months the company is expecting to see yearly revenues and income of 8.2 million and 3.7 million respectively.
ONLINE CASINO/GAMING WEBSITE
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.
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.
Internet gambling is now a rapidly expanding business that began with a handful of players in 1996. Today, Christiansen/Cummings Associates estimates that there are 300 sites taking wagers from an estimated 25.4 million online bettors around the world (projected to grow to 40 million online gamblers by 2001). Currently, these 25.4 million Internet gamblers spend an estimated $155 yearly per capita. It has been projected that by the year 2002,
Internet gambling revenues will grow as a whole to $10.2 billion, which is double all of the money bet in Las Vegas last year.
For comparison figures I am going to use a newer online gaming site. The companies symbol is GOCA.
The online gaming wagers accepted by GOCA from Jan '99 through June '99 were $25,424,247. If you divide this by 6 months this is an average of $4,237,374 per month. They also had a record net win of $183,993 in June '99. If OGPS spends 15% of their net winnings on advertising we are talking about $27,599. This will buy OGPS lots of advertising space.
The news release also states an estimate of $155 wagered per capita. This can be misleading. GOCA, for example, had the above $4,237,374 average monthly wagering divided by their estimated 12,000 registered casino players which equals an average per capita of $353. This is over double the expected average return. We could have much larger revenues than we or OGPS realizes. Also, remember, we are targeting the Asian market. If GOCA can obtain approximately 12,000 registered casino players, imagine with the population of the Asian community what OGPS can accomplish just by having the Pai Gow Poker.
I am sure a lot of this is repetitive for the investors that have followed OGPS for a length of time, but this is more or less for the new investors and to just remind ourselves of why we are in the stock.
Remember, never fall in love with a stock to the point you don't know when to take a few off the table and let the free ones ride. Just wait till I can afford to put that down payment on my house! LOL. I am not going to sell any shares in the near future. This stock has way to far to run by the end of this month. I would need over $5 per share before it would even be worth my while. As most of you know, I don't like price predictions. However, I do honestly believe this stock is going to trade around $5 per share within the next 30 days if everything falls into place that we are waiting for. If I am wrong I will admit it and continue to do DD and support the stock as I have since day one.
Sorry for the long posting, but just trying to help out as usual.
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