To: Jay Letterman who wrote (4486 ) 6/15/1998 3:34:00 PM From: DavidCG Respond to of 8798
SPTK: Spintek Gaming Technologies, Inc. Profile: Spintek Gaming Technologies is a California corporation based in Las Vegas, whose focus is the development, acquisition and marketing of diversified technology, including unique gaming industry products. Spintek offers a new standard of operational coin control with AccuSystem, which brings a new level of gaming device security and management information to the casino industry. Web site: spintek.com SPTK trades on the OTC:BB at .52 X .56 SPTK - Share info. SPTK has 18,673,055 shares outstanding, with the following shareholders: 6 directors and exec officers own 21.6% 3 large holders own 58.5% This leaves a public float of under 2 million shares. Why to buy short term: The Nevada State Gaming Commission is going to vote on Tuesday as to whether or not Spintek's AccuHopper system can be used to change the way that hoppers are filled on slot machines. Presently, two signatures are required to verify how much has been placed into each hopper. This requires lots of wasted staff time. The vote will be to allow the AccuHopper system to replace the second signature. Why to keep long term: Basically read the news releases for the past 4 months at this one link:newsalert.com Notice, they are not only letting casino's "try before you buy" they are actually selling and installing these units to these casinos like Bally's. They secured patents overseas as well. And as far as I know, they have no competition for their accuhopper system. So we have a good product which casino's try first, and buy later. No competition. Patented technology here in the US and overseas. This company IS an SEC reporting OTC:BB. And contracts, contracts, contracts.. Do your DD, and you will find this company severely undervalued. I give this company a goal of .75 - 1.00 in the short term. Good Trading! -DavidCG