To all...
I have contacted SI in regard to their trial program for new members and they e-mailed a response that they have received many complaints regarding visitors and their posts...the trial period has been reduced to two weeks, and starting next week, it will be reduced to one week and eventually phased out...THAT'S GREAT!
My following post is not to argue, debate or insult in anyway the visitors on this thread, but I have to take issue with their posts.
tgs59...you seem knowledgeable of the Bingo Industry, which leads me to believe that you work for the competition of AGTI, which is fine with me, but your information appears as being factual twists of the truth. Your statement that "a distributor that makes an exclusive commitment to one product line is much more likely to push and support a product...etc.."(post 1461) is contradictory to the following press release by AGTI regarding "THEIR EXCLUSIVE" agreement with K & B....I am backing my post with a news release, can you do the same with "ALL" the info you have posted???
Here's the last press release from their website:
Advanced Gaming technology Inc. announces completion
of distribution agreement with K&B Sales, Inc.
VANCOUVER, March 4 /CNW/ - Advanced Gaming Technology, Inc. (OCTCBB:AGTI) today announced completion of a Distribution Agreement (Agreement) with K&B Sales, Inc. (K&B) of Dallas, Texas for the exclusive distribution of AGT's MAX(LITE) hand set in Texas. The State of Texas is the dominant market in the U.S. for bingo, generating retail sales of approximately $500 million per annum.
The alliance with K&B is in line with the Company's restructuring; forming strategic relationships with established entities to deliver the MAX Bingo System to the market in the most cost effective manner.
With the recently announced exclusive licensing agreement with Bingo Technologies Corporation (BTC) for the MAX(PLUS) and TurboMAX systems, coupled with this alliance with K&B, the Company is now fully represented in the State of Texas, the largest bingo market in the U.S., for its full range of products.
Under the terms of the Agreement with K&B:
K&B is exclusively responsible for marketing, installing and servicing of MAX(LITE) handset in the State of Texas for a period of 3 years; K&B will place the MAX(LITE) which will, on annualized bases, yield to the Company in excess of $1,000 per unit placed; There is also a minimum placement target set for each year of the term; AGT is responsible for providing the equipment, namely, the handset, a controller's unit, and the peripheral equipment.
K&B Sales, Inc. is a private company, engaged in the distribution of gaming products for the past 20 years. K&B has approximately 30 employees; an established customer base of some 500 clients; and is one of the leading distributors in the State of Texas in the bingo industry.
Mr. Ken Griffiths, owner and president of K&B Sales, Inc. states, ''... the Texas Market for handsets like the MAX(LITE) is excellent, and we look forward to introducing this product to our established customer base. MAX(LITE) has the potential for significant market penetration in the State of Texas.''
Mr. Tom Nieman, Chief Executive Officer of AGT, states, '' ... this Agreement is consistent with the new AGT marketing strategy that was announced earlier this year. AGT will be creating more strategic alliances with well established partners to deliver our MAX Bingo Systems into their respective markets.''
Information provided herein by AGT contains, and from time to time AGT may disseminate materials and make statements which may contain ''forward-looking'' information, as that term is defined by the Private Securities Litigation Reform Act of 1995 (the ''PSLRA''). These cautionary statements are being made pursuant to the provisions of the PSLRA and with the intention of obtaining the benefits of the ''safe harbour'' provisions of the PSLRA. AGT cautions investors that any forward-looking statements made by AGT are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements as a result of various factions, including but not limited to the contingencies noted above.
ADVANCED GAMING TECHNOLOGY, INC., E-mail: agt@direct.ca
Web site: www.advancedgaming.com
Advanced Gaming Technology, Inc. designs, manufactures, markets and services patented and proprietary gaming systems, including technologically advanced electronic bingo systems. The Company is a major supplier of electronic gaming systems, offering increased play potential and revenue to gaming operators.
For further information, contact AGT Investor Relations at 604.689.8841
********************
Stockit...
Your post is what the beginning stages of hype look like...there is absolutely no substance to your post...when you become a member (if you do?), I will personally welcome you to SI, as well as Kilroy and Aquaman.
In regard to the SEGA deal, I am personally calling LBI Monday to verify the information that's being posted here...several posters are referring to rumors that are posts being made here...these rumors are being created before our eyes...and until I see a release from AGTI regarding any deals, I'm not going to sit back and watch this thread go to hell with information that isn't being backed with hard facts...I have an investment in this company and those who have an investment should speak up and protect your hard earned cash. If the rumor mill continues, the stock becomes hyped on no news, the price goes up and down quickly, the hypsters take their money and run...and then the COMPANY gets trashed for not backing up BS created on this thread! Then it makes it more difficult for the company to get any kind of credibility....
If anyone takes this personally, too bad...I'm watching out for my money!!!
Bulgar
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