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CDN:OTC FDCD .65
Software Gaming Corp. (see news below)
(formerly Flying Disk Entertainment)
FDCD is the second stock on our "Low Priced Stocks" list. We first added it last summer, at under .20, on the speculation they would start an on-line casino within a year. The company has just completed its on-line gaming site, which features Black Jack, Roulette, Baccarat, Craps, Let-it Ride, Poker, Keno etc. Soon their proprietary Bingo software is expected to be added.
The Cyber Spades Beta test period will end in about a week. After this, FDCD's Cyber Spades on-line casino will be a pay to play stand alone business. The company has other opportunities such as on-line Bingo, in the works with the Eel Nations Reserve, licensing opportunities of their software, sports gaming with their investment in The Sports Book and possible licensing synergy's with Cryptologic.
Here is a recap of late last weeks news and action in the stock. .30 to .60 on Thursday, then halted. Reopened at 11 am EST at .60, running to .90 and closing at .65 on over 3 million shares each day. The first mention of the Cryptologic connection to FDCD was made after the halt. Name change has been approved from Flying Disk to Software Gaming. The Cyber Spades site is up and anyone can download their free software and play for free during the trial period. It's taken six months of .20 to .30 and back a few times, but in two days from .30, the stock tripled closing in the middle at .65.
We believe the FDCD play may have just only begun. We speculated the stock would probably get to this level as the on-line casino opened and it did. Now the stock is gaining attention not as a quick flip play, but as a serious business that is about to open and start collecting cash in a week or so.
Now we look forward to actual ongoing revenue. When low priced leveraged speculations turn into operating businesses, and then hopefully very profitable businesses, that's when the X bagger dream potential can become fact.
Licensing agreement with Intertainet Overseas Licensing Ltd
Flying Disc Entertainment Inc FDCD
Shares issued 17,789,218 Feb 26 close $0.61
Fri 27 Feb 98 News Release
Mr Boris Kuntz reports,
At the request of the Canadian Dealing Network Inc, Software Gaming Corp (formerly Flying Disc Entertainment Inc) states that there are no new corporate developments to account for market activity. Software Gaming Corp (formerly Flying Disc Entertainment Inc) through its wholly owned subsidiary Internet Gaming Corp announces it has completed preliminary development of "CyberSpades Casino", an online gambling site to be played over the Internet. Internet Gaming Corporation has licensed from Intertainet Overseas Licensing Ltd, a wholly owned subsidiary of Cryptologic (OTC:CRYP), software and support services for the operation of full featured casino games such as Black Jack, Craps, Roulette, Baccarat and Keno. Internet Gaming Corporation will also be using Cryptologic's Electronic Cash Settlement system. The software is currently being tested. On completion of testing, players will be able to play games of chance for entertainment and gamble for real money. Registration for the software will be available at www.softwaregaming.com, on the Internet. Investor Relations 416-360-1525 email: dm@softwaregaming.com
Flying Disc Entertainment Inc FDCD
Shares issued 17,789,218 Feb 20 close $0.34
Mon 23 Feb 98 News Release
Mr Don Ross reports Software Gaming Corp (formerly Flying Disc Entertainment Inc) has successfully filed its T2073 forms (election to be a public company). This privilege is subject to the restrictions described in subparagraph 89(1) g(iii) of the Income Tax Act. This qualifies the stock to be RRSP eligible.
Cyberspades Casino launched on Internet
Flying Disc Entertainment Inc FDCD
Shares issued 17789218 1998-02-19 close $0.33
Friday Feb 20 1998
Mr Don Ross reports
Software Gaming Corp (formerly Flying Disc Entertainment Inc) has completed development of CyberSpades Casino, an online software game that can be played over the Internet. Players from anywhere around the world can connect to this site via the Internet and play Black Jack, Craps, Roulette, Baccarat, Keno and other games for entertainment purposes. The alpha version of the software will be available for download at www.softwaregaming.com or alternatively available by fax request.
SOFTWARE GAMING CORP ("FDCD-Z")
Negotiates Visa And Mastercard
Software Gaming Corp. (formerly Flying Disc Entertainment Inc.) announces that they have been approved for credit card processing by 2 major Canadian banks. Visa transactions will be processed through the Royal Bank of Canada, and MasterCard transactions will be processed through the National Bank of Canada.
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