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Microcap & Penny Stocks : NRAG-NorAm Gaming-Winning The Battle -- Ignore unavailable to you. Want to Upgrade?


To: Silicon Trader who wrote (438)6/29/1998 11:51:00 PM
From: STEVE G  Read Replies (1) | Respond to of 441
 
To ALL ,..

Here is some current information on NRAG

There is an active thread in Casino/ Gaming forum

Noram Gaming & Entertainment Corp. (NRAG)
June 23 ,1998
I am only sharing Information and not advocating a Buy or Sell , as this is just a place where one can start doing some DD work.

Fact sheet and D.D.

Here is some interesting information on this little known Ohio based Company having interests in the gaming sector .
The company is starting to line up all their ducks in a row.

NRAG has a quality Web-site : noramgaming.com
SI thread: NorAm (NRAG)-#1 BINGO/Video Lottery Projects techstocks.com
14.8 mil shares outstanding
6 mil in the float ( over 50% of it in strong hands )
Recent price .30 -.34 cents
NRAG is a reporting company and has filed their 10K
Office Phone: (313) 888-1172

Management : George C. Zilba President/CEO
John O. Zilba Vice President -
Frank B. Bryan Vice President - Financial

George is very accessible to shareholders and has a deep commitment to making his company successful. Many on the SI thread have spoken with him and have come away with the same feeling .

Projects:
NorAm Gaming Announces Joint Venture Agreement and the Unfair advantage
Recently NRAG has entered into a joint venture with " World Touch Gaming " for the development, marketing and installation of the electronic bingo system, known to NorAm shareholders through previous news releases, as the Auto Caller 2000 ''Winner Takes All'' system. Conservative revenues for this year are estimated around $21,000,000 . There is much potential with the Indian Gaming and Casinos , among others. There is a show in Orlando the weekend of 28th of June 1998 where this game will be debued . The unfair advantage is this electronic game upgrades the already existing games !!!
Read this SI post for details Message 4116343
Noteworthy news : recent post from of the new game in operation from BRIAN GARHOFFER .( computer and some gaming experience) Message 4824427

Other projects include : The Venezuela lottery which is moving slowly yet when completed has enormous potential.

This is project information from their recent 10k

Vaprel Equipment

In 1997, the Company obtained the rights of exclusive distributorship in North America for the sale of bingo and gaming equipment manufactured by Vaprel, of Valencia, Spain. Vaprel, known as the world leader in the manufacturing and sales of 90# bingo equipment and other high quality products for the bingo industry, intends to introduce 90# bingo to the North American market during 1998, through NorAm and the network of distributors that the Company intends to set up.

South American Gaming Interests

The Company has been part of a Joint Venture project for the installation of Video Lottery Terminals ("VLT") on behalf of the State of Cojedes, Republic of Venezuela. At this time, the installation of the machines has been delayed due to a problem regarding the proper custom code for the VLT's. The Company is also currently in negotiations with various South American States for the installation and marketing of traditional paper lottery systems. The Company expects to have at least one paper lottery in operation before the end of the third quarter of 1998. The Company is simultaneously continuing its efforts to have the proper identification included in the Venezuela Customs Code for the future importation of the VLT's.

Internet Bingo

The Company currently is not active in an effort to engage in Internet Bingo, although, the Company does have a long range plan to enter the Internet Gaming market within the next two years.

Conclusion:
This is a real company !!!! Shareholders have visited the Corporate Office.
Strong management makes this thing chug right along and things are starting to come to fruition .
NRAG has little or no PR which makes it a sleeper IMHO , and Wall Street has yet to discover this gem.
The right product at the right time ( Indian Casinos feeling Government pressure ) along with the other projects moving forward makes this a compelling story.