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Non-Tech : Applied Gaming Solutions - AGC (ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (353)	5/22/1999 7:53:00 PM
From: Rogue_Trader	Respond to of 509

Would a buyout be as easy as Powerhouse? My reading was that AGC were into Vietnam because they weren't US-based. This wouldn't go down with the Vietnamese govt at all IMO. Any thoughts? RT

To: Rocket Red who wrote (353)	5/23/1999 1:29:00 PM
From: Robert Dirks	Read Replies (1) \| Respond to of 509

From GMT newsletter........... AGC:ASE Applied Gaming Solutions of Canada ags.ca In the last newsletter I mentioned AGC:ASE (thank you Peter K for bringing it to my attention) as a stock to watch. I liked the chart (it was at $1 then) and the story behind it. Unfortunately, or fortunately if you were a stock holder, the stock made its move out of the $1 range, touching $1.60 (+60%) intraday and now settling back to $1.30, 30% higher from where I would have liked to have put it out at. Abiding by my 'do not chase a stock' rule, I would wait until new support levels are defined after this last run, at the moment it looks like strong support lies between the 1.20 and 1.30. An impressive list of directors make up this tiny Alberta company: David A. Aftergood, Director, President -Served with the Federal Government from 1984 to 1991 including the Prime Minister's Office and Ministries of Western Diversification and Small Business. John Shields, Director -Former Member of Parliament for Athabasca (thats in Alberta , Parliamentary Secretary for various Cabinet Ministers including International Trade and Corporate Affairs. Senator James Kelleher, Q.C, Director -A former Cabinet Minister, Senator Kelleher has held several portfolios including Minister for International Trade, and was instrumental in negotiating the Canada United States Free Trade Agreement... The list goes on at ags.ca To cut a long story short, AGC is setting up the first online lottery system in Vietnam, which is a $1.2 Billion a year market. AGC in alliance with Powerhouse (PWRH:NASDAQ) have set up centralized online system similar to those found in North America. The numbers that I came across are that AGC receives 4% of gross revenue for the first five years, and 1% for the remaining two of its 7 year contract. Of course, there is always downside, naturally there will be delays and bumps in the road that will send the stock bouncing, but if all goes according to AGC's plans, short, mid and long term still look good. There is more info on the co's webpage www.agc.ca >> On his comments on the 1.20 to 1.30 strong support level, I doubt you will be able to buy there once the rollout is announced. <<