To: LANCE B who wrote (2154 ) 9/30/1999 4:21:00 PM From: Investor Clouseau Read Replies (1) | Respond to of 2942
JAGG news for anyone still in; (BSNS WIRE) Jaguar Gaming Corp. Announces a Corporate Update Jaguar Gaming Corp. Announces a Corporate Update Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 30, 1999--The Board of Directors of Jaguar Gaming Corporation (OTCBB - "JAGG") is pleased to report that the consolidated audited financial statements for the fiscal year ended December 31, 1998, as well as the unaudited financial statements for the first and second quarters of the current fiscal year have been completed. The Company is now in the position to proceed with its Form 10-SB registration filing with the Securities & Exchange Commission ("SEC"), in order to achieve fully reporting issuer status as required. The Company further reports that, during the past several months, it has been involved in an ongoing, costly legal dispute with the principals of its wholly owned subsidiary, Integrated Systems Design - Carolina, Inc. ("ISD") of Fort Mill, South Carolina. Due to the current impasse which has resulted between the companies, Jaguar's Board of Directors firmly believes that a sale of ISD back to its original shareholders will be in the Company's long term best interests. Negotiations to achieve this objective are still in process. In light of the new compact recently signed in the State of California, management is of the opinion that a corporate re-structuring is necessary in order to secure the required funding to take advantage of the growing opportunities in this market. The Company is currently reviewing its options with legal counsel and expects to announce further details in the near term. Jaguar Gaming Corporation is a distributor of unique and proprietary electronic gaming equipment for legalized gaming markets throughout North America. On behalf of the Board of Directors Douglas Waugh - Director Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risk and uncertainties. Actual events could differ materially from those printed herein. Such risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission and or other regulatory agencies. The Company disclaims any obligation to update statements in this news release and relies on litigation protection for all forward-looking statements. --30--jlm/in* CONTACT: Jaguar Gaming Corporation Douglas Waugh, 604/718-5000 or Toll free: 877/718-5500 604/718-5050 (FAX) E-mail: info@jaguargaming.com Website: www.jaguargaming.com or Jaguar Gaming Corporation United States, Toll free: 1-877-718-5500 Toll free: 1-877-718-5050 or Jaguar Gaming Corporation Research and Development, 803/548-1199 803/548-7799 (FAX) KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com