Omicron launches new Website ogps.net
VANCOUVER, May 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- The management of
Omicron Technologies, Inc. (NQB Pink Sheets: OGPS) is pleased to announce the
launch of its new website www.ogps.net. We encourage all our shareholders to
visit the site to gain a better understanding of the Company's proprietary
software and technology applications.
The Bingo section of the site features product information and five sample bingo
sites that showcase some of the different bingo environments available. Our 100%
owned bingo product was tested from a live bingo machine for over four months,
24 four hours a day, with a development cost of over $2 million. Daytime
participation averaged almost 400 players per game and at night, almost 100
players. The live camera and live chat with our bingo hosts were very well
received features of our product. The players came from all over the world
reflecting the international appeal of our unique platform. During this four
months of testing Omicron registered over 40,000 people to play, at a rate of
over 400 new registrations each day.
Our bingo software is unique and the only live internet bingo product. Players
have access to many features on the site that are not available to them in an
actual bingo hall. Internet accessibility to the bingo games allows anyone from
around the world to join in with the same game hosted live from a bingo hall.
Therefore, the potential jackpots in any game can be significantly higher than
playing with an ordinary bingo hall audience, particularly with the bonus round
jackpots.
In our games, each player can purchase from 3 to 54 cards per game (the industry
standard is 9 cards per game, costing between $.25 to $1 per card ). There would
be a minimum purchase of 18 cards per hour of play. There are 6 different games
per hour, up to 24 hours a day, seven days a week. The payouts are 40% per game
with 10% going into a bonus game played once every hour. If there is no winner
of the bonus jackpot, it is carried over to the next bonus game. On average,
people play bingo twice a week for two to three hours per session, a usage
profile that could increase from easier accessibility through the internet. With
an average 9 cards played per game, our existing capacity is about 7,000 players
per game.
Sources estimate that more then 60 million people play bingo worldwide and wager
more than $10 billion annually. In North America alone, there are more than
50,000 bingo halls in operation according to Two Jays Bingo Supplies, New
Jersey. With over 500 million current internet users and on-line bingo becoming
one of the most popular internet activities, management believes Omicron is very
well positioned to build a profitable on-line bingo business delivered from a
live bingo hall.
The Interactive Radio section of the website takes you through the multiple
features that the product can offer such as integrated broadcasting, navigation,
and two-way communication services through a low cost terminal. This product
platform also provides e-commerce, email, fax, digital quality music, travel,
security, global positioning and gaming services in one low- cost, easy to
operate system that can be installed in any vehicle. Omicron owns 25% of this
technology and will announce any future developments as they occur.
Omicron Technologies, Inc. is currently in the business of acquisition, research
and development, and marketing of leading edge technologies and internet-based
business concepts. Through a combined strategy of targeting specific market
niches and delivering unique products with wide appeal, Omicron intends to gain
significant penetration into these markets.
For further information, visit our website at www.ogps.net or contact us
at 360-392-3969.
Disclaimer: Statements, which are not historical facts, are forward- looking
statements. The Company, through its management, makes forward-looking public
statements concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily estimates
reflecting the Company's best judgment based upon current information and
involve a number of risks and uncertainties, and there can be no assurance that
other factors will not affect the accuracy of such forward-looking statements.
It is impossible to identify all such factors. Factors which could cause actual
results to differ materially from those estimated by the Company include, but
are not limited to, government regulation, managing and maintaining growth, the
effect of adverse publicity, litigation, competition and other factors which may
be identified from time to time in the Company's public announcements.
SOURCE Omicron Technologies Inc.
CONTACT: For further information, visit our website at www.ogps.net or
contact us at 360-392-3969
(OGPS)
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