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

To: David W. Tucker who wrote (483)	1/18/1998 10:25:00 AM
From: Ed Pettee	Read Replies (3) \| Respond to of 7701

Dave- Maybe,Greg Wilson would have an intrest, but his background has been in the Charitable Bingo side which I heard George saying he wanted to phase out. Of course he was also a state attorney, maybe he will head back into politics. Your point of view on the future of AB&G is one that is not shared by major stockholders such as myself. I believe from my contacts in S.C. that the VGM business will prevail, the state can not turn its back on over $200 million in total revenue being brought in by Video Poker. The company is flush with cash having just finished a $11.4 million dollar warrant conversion and they have a record of 7 quarters os upwards earning growth and have maintained an impressive 30% ROFI. I don't want to do a comparitive financial analysis with Noram,except to say that if something isn't released soon, on at least the progress on getting the machines operating people will start to suspect that something must be wrong.. Good news travels fast. News releases were put out just to say that the machines were shipped from L.A. (11/3). A news release was put out just to say the machines had arrived in Caracas ,ten days later. (11/13) These were obviously released to keep intrest high. Now contrast that with the current situation. We are told on that there is a one week delay on 12/15 because of some componet parts, then we are told that an e-mail of 12/23 turns up a translation glitch and that the chips are being forwarded and every body is working over Christmas to fix the problem, and we should be up and running by 12/29-30. Then we are told that George is out of the country for 9 days and its combination of work and R&R, but its a big secret on were he is. Now its the middle of January and doesn't it seem strange that nowbody has put out a press release just saying either we have a delay for some reason , or some of the machines are running, or some thing . Why all the past news releases on status in the past and now just silence. Still long but starting to wonder.