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To: Silicon Trader who wrote (46)	12/28/1997 9:02:00 PM
From: ArtieM	Respond to of 7701

MRBIGAIR--I've been offline all weekend and it's great... to see so much activity on Noram's new thread...I also like to see the input from all of the newcomers asking very pertinent questions and getting succinct answers...with the new year upon us it seems the new attention paid to Noram will only show the marketplace what an excellent company it really is...You have really given exceptional straight forward answers and I hope it has helped those interested...I've even learned alot more detail and feel better about Noram now than ever before...GO NRAG in '98...

To: Silicon Trader who wrote (46)	12/28/1997 11:04:00 PM
From: Ed Pettee	Read Replies (1) \| Respond to of 7701

Jeff- on the main project-The VLT terminals--In the 12/23 FAQ by Dave Tucker it states that any day now we should be getting some results from the first terminals in operation. What is your timetable on when we should hear this info? In order to get a handle on the revenue projections being used can you clarify some of the terms for me. When we use VLT revenue in Delaware as a comparison are we talking about video lottery dollars going thru terminals or are we including Video Poker and other video gambling games found at the Delaware Race tracks? I am having a difficult time with comparisons with US state video lottery revenues, because of variables in demographics, disposable income, lower age level in Venezuela, and higher propensity to gamble in Ven than states etc. I think I will have to wait to asses the true start up revenues as they come in. With the propensity for many to try to get their hands on the revenue, I assume we have factored into the numbers slippage based on the ever present corruption. Thanks again . vheadline.com.ve