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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: ROSARIO who wrote (2150)	4/28/1998 2:09:00 PM
From: tgs59	Read Replies (1) \| Respond to of 4539

Rosario, It is very unfortunate that they are spending such large sums on legal expenses, though I guess that is the nature of business today. I am well aware of the increased selling expenses, as the company has grown rapidly this year. Expenses associated with installations are always high and they have added significantly to the sales force. I know that GMTC is adding to the customer service infrastructure here in Texas, so that we can continue to meet the high level of customer service expectations. The purpose for going public was to raise sufficient funding to allow rapid growth. GMTC has over $30 million in the bank to facilitate this growth and it is accomplishing this purpose. I am most involved in Texas, but I am well aware of the success being experienced around the country. I am very disappointed in the share price, as I have many friends that are shareholders. I think most everyone that knows this company is quickly trying to average down given the very low current share price. The net tangible book value is over $4.00 per share. I wish I knew the psychology of the market as I would be rich. tgs59