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Gold/Mining/Energy : Software Gaming Corp. SGMS/CDN-OTC -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (1306)	3/23/1999 11:25:00 AM
From: Hylas	Read Replies (1) \| Respond to of 1968

I am also long SGMS. I don't understand why nobody knows whats going on with this company. I have called the company on numerous occasions and they have returned my calls. Here's what they have informed me: 1) They are currently operating an on-line casino. This software is based on Cryptologic's old software. 2) They will be changing the software soon. This will esentially be considered a new casino because the graphics etc. will be based on Cryptologic's latest software. They are hoping that it will increase revenues substantially. 3) When they go live with the new casino software they will be going live with a Sportsbook. 4) The Bingo software has been successfully Beta tested, and they are looking to license the software. 5) They are in the process of purchasing Albert's Parlor Off Track Betting. 6) They will be working on Chinawire after the new casino software release. 7) They will be doing extensive marketing once the new software is lanuched. If you have questions, Just call the company. They took about 2 days to get back to me. As to why the trading activity. I think people were trading the stock between 0.05 - 0.10 making quite an attractive return, but I also think that the selling has dryed due to the release of the new software release. Hylas