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

To: C. Riley who wrote (295)	12/8/1997 10:07:00 AM
From: Frank Fontaine	Read Replies (1) \| Respond to of 441

NRAG-NEWS: NorAm Gaming: Ready for First Lottery Play PR Newswire - December 08, 1997 08:37 NRAG %CNO %FIN %PDT V%PRN P%PRN -------------------------------------------------------------------------------- TOLEDO, Ohio, Dec. 8 /PRNewswire/ -- NorAm Gaming and Entertainment Corp. (OTC Bulletin Board: NRAG): Returning from a five day visit to Venezuela, NorAm CEO, George C. Zilba, announced today that the Company will have the first of the VLT lottery terminals for the Cojedes lottery project installed and operating by Monday, Dec. 15, 1997. During last week's visit, representatives of the Joint Venture Partnership, consisting of NorAm, L.Y.M.C.A., and Sharp Image Gaming, Intl., met with Cojedes Governor, Alberto Galindes and other state officials to provide the Governor and his staff with an update on the lottery. The team also visited the new offices of the partnership in Valencia and Caracas, and viewed the sites where the first of the VLT terminals will be placed in the Caracas area. According to Mr. Zilba, "The project is right on schedule, and we could not be more pleased with the way things are going. We were extremely impressed with the site selection for the VLT terminals, especially after visiting the sites in person, and observing the number of people playing other lotteries. Our jackpot prize is more than 10 times that of the competition, which should result in long lines to play our terminals. I am convinced that we can quickly surpass the previous financial projections for this project." NorAm's team included attorney, James Gagel, of Washington, D.C. Mr. Gagel is considered to be an expert on gaming projects in South America, and was recently hired by NorAm as an independent consultant to do a review of the lottery project. Mr. Gagel's report is expected this week and will be posted by NorAm on the Company's Web site (http://www.noramgaming.com). SOURCE NorAm Gaming /CONTACT: George C. Zilba, CEO of NorAm, 313-888-1172; Rob Solarchik of LBI Group, 954-346-5799/ /Web site: noramgaming.com (NRAG)