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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: Ken Sammut who wrote (455)	5/5/1998 11:21:00 AM
From: dexx	Read Replies (1) \| Respond to of 8879

Wow ! in case you missed it, here it is again. Global Games Reaches Agreement to Provide Proprietary Software to Internet Gaming Corporation IGC and ECS Sales Alone Projected to Generate $0.25 EPS for Global MINNEAPOLIS--(BUSINESS WIRE)--May 5, 1998-- Global Games, Corp. (OTC Bulletin Board symbol ''GLOW''), announced today they have reached a definitive agreement to supply Global's proprietary Internet-ready gaming software to Internet Gaming Corporation (IGC). IGC initially plans to offer regular Bingo and Full-Session Bingo on the Internet from its gaming business headquarters in Dominica, West Indies. Subsequent to the introduction of IGC's Internet Bingo game, IGC will offer a full range of Internet Casino games supported by Global Games' Software starting with a Multi-player Java Blackjack Game. Global Games will receive ongoing revenue from IGC's Internet gaming income. After an initial 30-day trial period, Global Games forecasts annual net revenue from its software sales to IGC will reach $10.3 Million, or $.20 per share. With the dramatic growth of commerce on the Internet, this projection of earnings per share is believed to be conservative, according to Global's management. Also, the above projected EPS does not include revenues which will be earned from other divisions of Global Games, Inc. Additionally, the planned expansion of Electronic Card Services, Inc. (ECS), announced on April 28th, is in the final stages of documentation. ECS will be operated as a wholly-owned subsidiary of Global Games, Inc. ECS President Bob Heward projected realistic fiscal year 1998 sales of about $7 million, with estimated earnings of $2.8 million. Based on these figures, the ECS subsidiary is expected to contribute almost $0.05 EPS to Global's bottom line. Global Games is enthusiastic about the rapid development in the various divisions of their company and will provide updated information as upcoming growth plans are implemented. Note: This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services, successful integration of acquisitions, the ability to secure additional financing and the ability to operate within the framework of available resources. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.