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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (108592)	7/30/2007 3:02:04 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 132070

woo hoo;0) turning hot air into a great year. Press Release Source: Strategic Gaming Investments, Inc. & Power Play Development Corp. Strategic Gaming Investments, Inc. and Power Play Development Corp. Announce Merger Monday July 30, 2:28 pm ET LAS VEGAS & FRAMINGHAM, Mass.--(BUSINESS WIRE)--Strategic Gaming Investments, Inc. (SGME.OB), a gaming oriented marketing and promotions company, and Power Play Development Corp. (PWPY.PK), the leading provider of outsourced promotional poker solutions and owner of the nationally recognized NLOP (www.nlop.com) poker portal, announced today that the two companies have signed a definitive agreement to merge. ADVERTISEMENT "Power Play and Strategic Gaming are now positioned to expand our leadership position in providing legal and compelling on-line gaming experiences in the US market," said Michael Clebnik, CEO of Power Play. "Adding a Las Vegas based nexus and layering in SGI's marketing capabilities will greatly accelerate our penetration into the marketplace." "In Power Play's Poker Creations division, we see a fantastic team of people who have created the most technologically advanced gaming platform for both players and sponsors in existence today," said Lawrence Schroeder, Chief Executive Officer of Strategic Gaming. "Following the merger, we believe that we can drive both on-line and brick-and-mortar poker and other gaming opportunities to create significant value for our shareholders." Industry estimates are that over 25 million Americans had adopted and were playing online poker by September 2006. In late 2006, this multi-billion dollar market was cut off from a compelling on-line poker playing experience by the passage of federal legislation prohibiting US residents from moving any form of currency to or from on-line casinos. "Our software platform, combined with Strategic Gaming's assistance in distribution and marketing, and patented team-based poker model, will allow us to re-connect with the US-player seeking compelling online poker experiences. We meet this demand for interactive online playing experiences with a US-legal alternative." Clebnik continued. Following the merger, the shareholders of Power Play will hold 70% of the issued and outstanding common stock (on a fully diluted basis), Michael Clebnik will serve as CEO upon the closing of the merger and Lawrence Schroeder serve as President and Chairman of the Board of Directors. The merger is expected to close in the late third or early fourth quarter of 2007, and the company will continue to operate as Strategic Gaming Investments. The merger agreement contains customary representations, warranties, closing conditions and covenants. Among the covenants, Strategic Gaming agreed to undertake a private placement of common stock with gross proceeds to Strategic Gaming of not less than $6,000,000, to be utilized for working capital purposes. Strategic Gaming expects that this offering will close simultaneously with the closing of the merger. Under the merger agreement, Strategic Gaming also agreed to loan Power Play $500,000, consisting of (i) $300,000 upon execution and delivery of the merger agreement; (ii) $100,000 on or before August 15, 2007; and (iii) $100,000 on or before September 1, 2007. The loan is in the form of a convertible promissory note with interest at the rate of five percent (5%) per annum, which will be cancelled immediately following the closing of the merger. About Power Play Development Corp Power Play is a Massachusetts based marketing and promotions company. Through its Poker Creations division (www.pokercreations.com), the company offers legally compliant private-branded online poker applications to national brands, portals and corporations seeking to leverage and extend their brands via the exploding growth and interest in poker. Power Play offers its own direct-to-consumer poker portal through its NLOP division (www.nlop.com). About Strategic Gaming Investments Strategic Gaming Investment is a Las Vegas based gaming oriented marketing and promotions company, which has been developing several poker applications, including its proprietary team-based poker format. Contact: Kel & Partners Diane Coffey, 508-366-2099, ext.117 Cell: 508-259-9584 diane@kelandpartners.com --------------------------------------------------------------------------------

To: Knighty Tin who wrote (108592)	8/2/2007 9:46:09 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

2 poker book reviews: 1. Small Stakes Poker by Sklansky. This is actually a re-review. I read the book a couple of years ago and after trying it's system, and getting killed, thought it left a lot to be desired. However, I have re-read it and find that it is my comprehension of it that was lacking, not the book's content. First of all, the title is misleading. It is really about how to dominate loose, full table limit hold 'em. The stakes are immaterial. Some high stakes games are loose as a goose and some small stakes games are tighter than Madonna's, well, nothing very tight there. <G> My mistake was that I tried to use the concepts in any small stakes hold 'em game. With the tight games, you are much better off with the tight, aggressive approach recommended by Bill Lee in "Low Stakes Poker." But, Sklansky's aggressive approach really does work in loosey goosey games. Games where 5 or 6 players regularly see the flop. BTW, this is only for cash games, not tournaments, and limit games only. 2. "Winning in Tough Hold 'em Games" by Grudzien and Herzog is great reading. They are focused on short handed games. Both are extremely successful online pros, but their system is Too Loose Lautrec for me, at least right now. Perhaps in two years, I will come back to this one. Lots of graphs and numbers. But the key seems to be that "Stoxtrader" Grudzien and "Zobags" Herzog are willing to bet a huge chunk of money with the slightest of advantages over the opponents' range of possible hands. They recommend the average player have a bankroll of at least 300 big bets. So, in Stox's $150-300 game, he has to have $90,000 in backup gambling money. I'm not talking net worth. I am talking money set aside for gambling only. Also, he mentions that he actually has to have a larger amount than that, because at that level, most of the other players are pretty good. He expects to make 3 big bet per 100 hands. That is about 3 hours at a casino or half that long online. To me, this reeks of hedge fund management techniques of risk a huge amount to make a little amount, though you win more often than you lose. I just hope he avoids the tails of that bell curve. I wonder if they have heard of Long Term Capital? I do not doubt that their system has worked for them. I just think it is too much capital chasing too little profit for my liking. They also play 6-8 tables at the same time. My guess is that some day we'll see them begging for food on some street corner. But I wish them well. And maybe they are really that much better than we common folk.