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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: David W. Tucker who wrote (7685)	4/16/2001 12:49:28 PM
From: Elizabeth A Rice	Read Replies (1) \| Respond to of 7701

NorAm Gaming & Entertainment Announces the Appointment of John P. Corrigan as C.E.O. MIAMI--(BUSINESS WIRE)--April 16, 2001--NorAm Gaming & Entertainment Inc. (OTCBB:NORE - news) announced today that the resignation of Julius Csurgo as director and C.E.O. has been accepted by the board of directors. Chairman George C. Zilba announced that the board of directors has appointed Director John P. Corrigan as C.E.O. Corrigan has been a practicing attorney in Miami for over 25 years and has also served as an Associate Professor of Law at the University of Miami School of Law. NorAm's new C.E.O. is also a former director for the City National Bank of Florida and the Central American Exchange Bank. A widely known community leader in the Greater Miami area, Corrigan has also distinguished himself in the Caribbean and South American region through his extensive knowledge of corporate, tax and international law. Corrigan has served as legal counsel for a number of major industries and has a broad background in Latin American business interests. Zilba acknowledged the enthusiasm of the board regarding the appointment of Corrigan: ``In John Corrigan we have a time-tested professional that has demonstrated his ability to make good things happen.'' Zilba also announced that the Company has engaged the services of Dirocco & Dombrow, P.A., Certified Public Accountants and Consultants, to complete the filing of NorAm's 2000 10k. The Company has filed for an extension to complete the audit. The extension has been granted by the SEC, however, due to circumstances beyond the control of the Company, the audit may not be completed within the extension period. NorAm may therefore experience the addition of the letter ``e'' to its normal stock for a period of up to 30 days past the allowed extension. The auditors have assured the Company that the audit will be completed and filed within the time limit provided and the Company will not be in danger of being relegated to the pink sheets. This news release may contain forward-looking statements that are subject to risk and uncertainties. Actual results may differ materially from such forward-looking statements as a result, including those described in NorAm Gaming & Entertainment Inc.'s reports filed with the SEC.