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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (85425)	3/14/2000 12:44:00 PM
From: StocksDATsoar	Read Replies (2) \| Respond to of 108040

Check this out on VIGA. I heard this stock is going to move big.. O/S shares 6.5 million and get this! 300,000 share float..LOL! Applies to -- VIGA Viva Gaming & Resorts to Operate Day Cruise Ships in Corpus Christi, Texas Viva Gaming & Resorts to Operate Day Cruise Ships in Corpus Christi, Texas CORPUS CHRISTI, Texas, Mar 2, 2000 (BUSINESS WIRE) -- The commissioners for the Port of Corpus Christi on Wednesday voted unanimously to approve a five-year lease agreement with Las Vegas-based Viva Gaming & Resorts, Inc. ("Viva"), covering a six-acre parcel of land located at Harbor Island. By securing this dock lease, Viva can now move ahead with its plans to develop and operate "Day Cruise to Nowhere" sailings, expected to entertain a minimum of 1,500 adult-only passengers daily. "We are extremely excited about the opportunity to bring Corpus Christi and the surrounding area a first-class entertainment and tourist attraction," stated Marty Gross, Viva's president and CEO. "We expect to begin our day cruise sailings by Memorial Day weekend. Details of the planned events surrounding our grand opening will be made public in the coming weeks. We appreciate the vote of confidence received from the Port of Corpus Christi and we look forward to making a significant economic contribution to this beautiful city for years to come." Initial plans call for the operation of two six-hour cruises per day from Harbor Island near Port Aransas. Each cruise will take about one hour to reach international waters. While in international waters, passengers will have the opportunity to enjoy up to four hours of Las Vegas-style gaming. Gaming amenities will include up to 860 slot machines and approximately 50 table games. The slots will be a mix of progressive and multi-coin machines. Table games will consist of blackjack, roulette, craps and baccarat as well as several of the new progressive table games. Other gaming entertainment products, such as keno, video poker, bingo and lotto will also be featured. According to Marty Gross, "Gaming is only part of the total entertainment package we plan to offer our customers on each cruise. Other attractions will include live music, on-board entertainment acts, full-service bar areas and dining facilities." Viva, through a wholly owned subsidiary, is making a major investment in this day cruise project and is confident of its long-term financial success for both the City of Corpus Christi as well as for its corporate shareholders. Investments will be made for infrastructure, dock improvements, parking, buildings, employee training and pre-opening marketing expenses. Viva estimates that the planned project will generate 350 to 500 full-time jobs, with 90 to 95 percent of those employees being from the Corpus Christi area. An experienced marine and gaming management team has already been assembled to operate the project. This specialized management team includes four key executives -- Captain Timothy Levensaler, director of marine operations; Andrew Lipman, director of engineering; Andrew Cook, marine safety specialist; and Charles Fearing, general manager -- all of whom have extensive operations and management experience in all aspects of the day cruise gaming industry. "Corpus Christi, situated on the picturesque Southern Texas Gulf Coast, is an ideal location for this project. We were attracted to the area because of its vibrant tourist industry and its close proximity to large metropolitan areas such as San Antonio, Austin, Laredo and Houston. The city already attracts more than 5 million tourists each year. We estimate this unique project will increase the tourism base by 5 to 7 percent annually and further enhance Corpus Christi's international image as a major destination resort." Viva Gaming & Resorts (OTCBB:VIGA) is a Las Vegas-based gaming development company, actively engaged in the business of operating, developing and/or acquiring casino properties and related gaming assets in niche markets worldwide. 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. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: SRPR George McCabe, 702/253-0344 or 888/886-4344 KEYWORD: TEXAS NEVADA INDUSTRY KEYWORD: GAMING ENTERTAINMENT TRAVEL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com