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

To: Ed Pettee who wrote (49)	12/29/1997 12:23:00 AM
From: Silicon Trader	Read Replies (1) \| Respond to of 7701

I have to point you to the IGWB if you have a major news stand in the area.I apologize for not having it available for the computer.If the sentence read Press Release i apologize for that aswell . My guestimations were based on a 50% increase over the 10 million a week figure, which i found in that publication. I was also taking into account that NORAM had released that they thought they would now see a increase over previous projections as mentioned in this comment in the December 8th release George Zilba Said: <<<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.'' >>>>> I also considered the percentages that George speaks of in relationship to the increase GO NRAG MBA Jeff Noram I feel that those projections are in reach when you look at the explosive growth , the payouts , the current play and other projects which have popped up after the original projections were made.It will be very easy for this company to show earnings as they have very little long term liability and alot of diversification . great question sorry for the confusion

To: Ed Pettee who wrote (49)	12/29/1997 8:02:00 AM
From: ArtieM	Read Replies (1) \| Respond to of 7701

Ed, Welcome to the NRAG thread and I hope you got satisfactory... answers to your questions...from MRBIGAIR, Jeff Jallo. He answered them with more detail than I could have...as he has a pipeline to George. You speak of corruption in Venezuela and I believe that is a given in just about any third world emerging ecomomy(almost a cost of doing business)...But with the law put in place in 1992 to allow Foreign investors to repatriate 100% of profits/capital I don't believe that this will be a large factor. With LYMCA being our JV partner they are a great asset and are a very influential company in Venezuela. I also see Venezuela as a stepping stone for future lottery projects in South America. NorAm's success in Venezuela can only help any future lotteries... Good luck with your DD...I told you it wouldn't be boring...and Enjoy your conversation W/ George Zilba... GO NRAG in '98