Electronic Game Card, Inc. (OTCBB: EGMI), the creator of the Electronic GameCard, has provided a six month update of its business activity, including milestones achieved subsequent to the update issued January 31, 2006.
Electronic Game Card ("EGMI") has entered a highly productive period, which was highlighted by its joint venture partner, Scientific Games Corporation (NASDAQ: SGMS), who markets and promotes the Electronic GameCard to the global lottery market. Steve Saferin, Scientific Games Properties' president, recently commented, "Both Kansas and Iowa have proven that the Electronic GameCard is the kind of innovative game that will catapult lotteries everywhere into the next generation of game play. The Electronic GameCard is a pioneering product for a pioneering lottery industry." This success of the Electronic GameCard has been demonstrated in several markets sectors and is receiving global interest.
In the United States:
- Kansas Lottery - After just 5 weeks of sales, Kansas Lottery placed a full second order for Electronic GameCards on July 21, 2006.
- Iowa Lottery released its third order of Electronic GameCards on July 31, 2006.
- Iowa also confirmed that they are the first State to launch the brand new Pocket Poker Electronic GameCard product.
- EGMI has manufactured and completed delivery of over 350,000 Electronic GameCards to the State Lotteries in the US.
- Golden Palace.com - an order of customized code-breaker Electronic GameCards was delivered to Golden Palace.com for its promotion campaign.
- MGM Grand Detroit - EGMI received its first Electronic GameCard order from a casino, MGM Grand, on July 6, 2006.
- Santa Ana Star Casino (New Mexico) - EGMI signed a contract with Santa Ana Casinos on July 26, marking its first contract with the Indian Gaming community.
- New Initiative - North American charity bingo with initial focus on Texas - subject to approval by State regulators.
- EGMI has developed several additional games to extend its appeal to a diverse group of interests.
In Europe:
- Talarius - the UK's leading slot hall operator, and PromoCom, the direct mail/premium rate promotion company in Ireland, have both successfully received completed shipments.
- EGMI remains on target to complete an order with a major online-casino company operating in Europe within the next quarter.
- EGMI has signed an order for a charity promotion in Norway. Order to be delivered by third quarter.
- EGMI has secured an agreement to work on a charity lottery in Sweden subject to final approval from the regulators.
Internationally:
- EGMI recently secured distribution agents in Ukraine, Israel, Australia and South Africa and plans on adding additional international distributors during the second half of the year.
- EGMI has completed and delivered its first sale to an international cruise line company for onboard gaming. A revenue GameCard is expected to be launched during second half 2006.
- EGMI has continued to review commercial opportunities for sales promotions, gaming and charity fund raising.
The company commented, "We are in the process of concluding our reorganization and with the significant success witnessed by the recent lottery orders, we are now poised to begin to benefit from the enormous potential of this innovative product. Our activity over the past several months has grown materially and we are now entering a stage in which our results will reflect these efforts.
"The Company has begun to experience the results of its shelf game strategy which was introduced earlier this year. This strategy standardizes Electronic GameCards in four formats that can now be supplied to customers within a four week turn-around period. Additionally we are witnessing a broad mix of commercial opportunities that are coming on stream across the gaming and charitable markets."
About Electronic Game Card. Inc.
Electronic Game Card Inc., (OTCBB: EGMI), develops, produces and markets the proprietary technology that is the "Electronic GameCard" which can be programmed to suit a variety of gaming and promotion applications. EGC's client base is across the $ 100 billion global market of state and national lotteries, Gaming and Casinos, Indian Gaming and the expanding sales promotion and incentive markets. EGC develops sales and marketing relationships with agents globally and has a joint venture with a major lottery focused US listed corporation which has purchased 10% of the EGC common equity stock.
July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(TM) as a 2005 Lottery Product of the Year during its conference in Las Vegas. The PGRI award recognizes the importance of new products to the growth and continuing success of worldwide lotteries.
For further information please visit http://www.electronicgamecard.com
Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Some of the factors that may affect the forward looking statements in this news release are the availability of licensed personnel to operate pharmacies, the availability of suitable pharmacy locations, and the acceptance of new technologies by the medical profession. Other risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks, uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.
Investor Relations:
Roger Holdom
Electronic Game Card, Inc.
+44-207-451-2480
investorrelations@electronicgamecard.com
or
Yvonne L. Zappulla
Managing Director
Wall Street Consultants Corp.
+1-212-681-4108
Yvonne@WallStreetIR.com
Press Relations:
Toby Hall / Jade Mamarbachi
(gth media - Europe)
+44-207-153-8039/8035
toby@gth.co.uk
David Owen (gth media - USA)
david@gthmedia.com
In addition to online casino news hot off the presses, OCN shows you the best first deposit bonuses at the best online casinos on the web. We've spared you the search by putting together a list of the latest and greatest first deposit bonuses around. So, all you have to do is click and enjoy!
| Name | First Deposit |
|---|
| 100% up to $1,000 |
| 100% up to 200$ |
| 100% up to $377 |
| 400% Welcome Bonus |
| 100% match upto $400 |
Most Recommended Casino Books
There's a bright light of hope shining at the end of the tunnel for many persons in the online casin...
The state of the US has been declared precarious due to its unregulated online gambling which has cr...
The island nation of Antigua and Barbuda has experienced a recent surge in their online gambling ind...
The online casino industry on a daily basis is becoming assertively competitive. Many casinos have l...
Winding down its extraordinary holiday bonus schedule this December is Cherry Red online casino. A 2...
This week's big news was the plea of Anurag Dikshit, co-founder of Partygaming subject to violating ...
A new report claims that there is a dramatic decrease in 2008 of online casino crime....
Harvard Medical School reached an agreement with online casino operator bwin to undertake a joint fi...
During the 4th and 7th of December a non-refuse offer was made by Europa Casino to new players enabl...
Online Casino Games Portal CasinoBonusGuy has been nominated for ''Best Casino Affiliate'' ''Best Bi...
Online casino group Vegas Partner Lounge's leading promotion ''Casino Treasure Cruise'' is a yearly ...
Curacao licensed online site Money Casino released one new slot game and upgraded existing slot bonu...
The Irish gambling taxes are so low in comparison to most of the rest of the world that it is little...
The long held belief that ''gambling is recession proof'' has been proved wrong this year as Las Veg...
One of the highest payouts a player can win in on online non-progressive casino has been given to To...
Vancouver, Washington- In an effort to build a casino resort near La Centre, Clark County- a Norther...
For the last 20 years City Council leaders debate the idea of a casino in Atlanta with the belief th...
Sep. 10 Curacao -- (Press Release) Club Vegas USA has released yet another thrilling i-Slot game cal...
Club Vegas USA is latest online casino Powered by Rival to be released. Rival is one of the up and c...
Reuters reported recently that the United States is not worried about having to pay $100 billion in ...
The release of a new game is always a special event in the gambling industry, but when Microgaming, ...
The sixth annual European i-Gaming Congress and Expo got underway at the spacious Barcelona Diagonal...
The United States government released proposed guidelines for the Unlawful Internet Gambling Enforce...
On October 1, 2007 the Federal Reserve and the Department of the Treasury released their joint repor...
Although the passage of the UIGEA last year made it difficult for American players to gamble online,...
Are the new lax gambling laws causing more and more Britons to be under the sway of compulsive gambl...
You may have a surprise in your Full Tilt Poker Account today! After recent allegations that bots we...
Coming off a 26th-place finish at the World Series of Poker, Rancho Mirage's Roy Winston won the Bor...
But the Gloucester Township homemaker never expected another fight -- this time with bureaucrats -- ...
It should come as a surprise to no one that charity-poker games have emerged in recent years as an i...
Spurred by the three-month success of high stakes poker, the Naples-Fort Myers Greyhound Track’s pok...
Online Casino Group Betfair has announced that it has boosted its IT energy efficiency to support it...
Rumors have been circulating for a while now about the future of 32Red.com and its Gibraltar-based B...
CryptoLogic has announced that they have received exclusive rights to make slots and other casino ga...
Since the beginning of the U.S. Presidents first term, the Bush administration has been trying to ke...
The coastal casino in the State of Mississippi have had a diffilcutl few years, yet it seems that th...
Her Majesty Queen Elizabeth II recently found that not only was she one of the most richest women in...
It seems that there is no limit to how low some online casinos can go in order to secure a profit. V...
After a 10-month investigation into the slimy world of Internet "casinos or sports books", Americas ...
| Name | Payout | |
|---|---|---|
 |
Lucky18 Casino | 98%
|
 |
||
 |
Rushmore Casino | 97.2%
|
|
||
 |
LuckyAce Casino | 98.3%
|
|
||
 |
Cherry Red Casino | 99%
|
|
||
 |
Slots Oasis | 98.5%
|
|
||
Online Casino News - news
from the world of
online casinos RSS Feed.
The OCN directory is currently in development and will be available soon. If you are interested in adding a link, just click on the “Add Link” button. Thanks for your patience.
You do not need prior permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the articles on this site for any legitimate media purpose as long as you reference OCN as the source, and include a link referring the reader to the OCN site.