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Non-Tech : Global Games Corporation is on the move (GLOW) -- Ignore unavailable to you. Want to Upgrade?

To: Mark[ox5] who wrote (568)	4/5/1998 5:19:00 PM
From: Brad	Read Replies (3) \| Respond to of 720

Mark, ECS, Wolf Key, and ICE were just part of the business model, and they are interchangeable with some other "alternative" companies. These acquisitions were intended to play a certain role in GLOW's overall program. That role can be filled by any one of several options GLOW has. My understanding is that GLOW has Management Services, and Internet Gaming (ONLY offered OUTSIDE the USA). Electronic credit card processing is one of the roles they want filled. Certain aspects of the Toronto group option are appealing, but there are other parts that really don't matter. If the Toronto group doesn't hold up their end of the deal, GLOW will simply get their needs filled elsewhere through other acquisitions (perhaps at a better price than what Toronto wants). The key is what GLOW will do with those parts once they get them. Electronic credit card processing is a big part to this overall business plan. When GLOW is able to offer "on-line credit card processing direct account-to-account," it will NOT have to go through a third party which improves security and increases profit margin. The gross margin is expected to be around 70%. The pieces may not be completed yet for everything, but that's why this stock is at this price. They do expect the 1Q of 98 will show profits, however. So I'm pleased with that. I think the plan is excellent. They are part of the way there. The overhead is low. The profit potential is high. And at this stage in the process, I have a reasonable comfort level with how things are progressing. The more progress they make, the more comfortable I get, and the more shares I'm willing to buy. The amount of money I put into any stock is in direct proportion to my confidence level. As always, I'm not suggesting anybody "bet the farm" on anything. I say just do what you are comfortable with and keep doing more research. Best wishes, Brad