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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle -- Ignore unavailable to you. Want to Upgrade?

To: David W. Tucker who wrote (160)	11/13/1997 9:45:00 AM
From: EUGENE LO	Read Replies (2) \| Respond to of 441

NorAm Projects $0.27 in Earnings, From Venezuela Lottery in 1998 TOLEDO, Ohio, Nov. 13 /PRNewswire/ -- NorAm Gaming & Entertainment Corp. (OTC BULLETIN BOARD: NRAG - news) announced today that 105 video lottery terminals (VLTs), are expected to arrive in Cojedes, Venezuela this week. The VLTs, built by Sharp Image Gaming International, Inc., of Chatsworth, Ca., at no initial cost to NorAm, are the first of approximately 1300 to be installed throughout 1998. Both NorAm and Sharp Image, have projected that the lottery will produce over $12 million in net revenues and after an equal split, will give NorAm approximately $0.27 per share in earnings for 1998. The lottery machines are expected to begin producing revenue within the next 30 to 45 days. Sharp Image, a major supplier of VLT terminals and slot machines to gaming establishments throughout North and South America, recently entered into a contract with NorAm to supply the VLT terminals to the Cojedes, Venezuela lottery project. NorAm Gaming & Entertainment Corp. is actively involved in one of the world's most attractive new investment opportunities -- gaming. Through the establishment of strategic international and domestic partnerships, NorAm has positioned itself for tremendous growth. Partners such as Vaprel Valenciana (Spain), Lymca, S.A. (Venezuela), and Sharp Image Gaming (US), have assisted NorAm in its aggressive pursuit of worldwide gaming opportunities, including international lottery projects, and the continued development of products and services for the five (5) billion dollar, North American bingo market. This press release contains forward looking statements that are subject to risk and uncertainties. Actual results may differ materially from such forward looking statements as a result of those risks and uncertainties, including those described in NorAm Gaming and Entertainment, Inc.'s reports filed with the SEC. SOURCE: NorAm Gaming & Entertainment Corp. 0.27*20=$5.4