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

To: Brad Morris who wrote (3590)	6/24/1998 12:37:00 PM
From: Brad	Read Replies (2) \| Respond to of 8879

Brad M, The May 5th press release talks about the GLOW's software licensing and ECS separately. Then there is also the Management Services for casinos in Canada (Burnt Church First Nation of Miramichi, and others in the Province of New Brunswick, Canada). The May 5th release says... >>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.<< *************************************** The May 22nd release says... >>Global Games Corp. today announced signing a definitive Letter of Intent with the Burnt Church First Nation of Miramichi, in the Province of New Brunswick, Canada to develop and manage their gaming operations for the next ten years.<< *************************************** Best wishes, Brad