AGC Signs Exclusive Internet Sportsbook Agreement With Vietnam Lottery Authority.Business/Technology Editors CALGARY, Alberta, Canada--(BUSINESS WIRE)--May 11, 2000 Applied Gaming Solutions of Canada Inc. (AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ) announced today that it has signed a second exclusive supplier agreement with the representative government authority for the twenty southern lottery companies of Vietnam. In the agreement with the Song Be Lottery Company (SBLC SBLC Standby Letter of Credit SBLC School Building Level Committee SBLC Sustaining Base Level Computer SBLC Small Business Lending Companies SBLC S-Band Linear Collider SBLC SB Latex Council SBLC Standard Base Level Computer ), AGC will supply all of the necessary hardware and software, training, and all other products and services required to enable SBLC to operate a sportsbook over the internet. This service would allow the SLBC SLBC Sri Lanka Broadcasting Corporation SLBC State Level Bankers' Committee SLBC St. Louis Bread Company SLBC South Lakewood Baptist Church SLBC Student Life Business Center to accept wagers from international bettors on a vast array of sporting events including but not limited to, soccer, horse racing, football, tennis and motor racing. The SBLC is one of the five permanent members of the southern region lottery counsel. This counsel consists of all twenty lottery companies of southern Vietnam including Ho Chi Minh City Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. (formerly Saigon). For the services provided, AGC will receive a technical consulting fee for the duration of the ten- year contract period, as well as a five-year renewal option. The technical consulting fee that AGC will receive is subject to final negotiations with the SBLC. "We are very excited to expand the services we offer to the Vietnamese Lottery Authority and, to provide a complete solution for one of the world's first 100% government owned and operated internet sportsbooks," said Jib Phelan, Vice President of Lotteries. There is nearly 1.5 billion consumers and 38 million Internet users in Asia today, according to the Boston-based consulting firm The Yankee Group. Internet usage is expected to nearly double annually over the next five years to a minimum of 375 million Internet users by the end of the year 2005. Applied Gaming Solutions of Canada Inc. is a global leader in the outsource management of online lotteries, e-gaming solutions and related professional services for delivery to a growing audience of international governments. Today, AGC leads technical and marketing support activities for the on-line lottery system run by the Construction Lottery of the Capital-Hanoi in Vietnam, delivered in conjunction with its' suppliers AWI AWI Armstrong World Industries, Inc (Lancaster, PA) AWI Australian Wool Innovation Limited AWI Agency for Workforce Innovation (Florida) AWI Animal Welfare Institute AWI American War of Independence , a division of Anchor Gaming (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SLOT), IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange :IBM) and Motorola (NYSE:MOT). This release contains forward-looking statements within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could cause actual results, performance or achievements of the Company, or industry results to differ materially from those reflected in the forward-looking statements. Forward-looking statements are based on the current expectations, projections and opinions of the Company's management, and the Company undertakes no obligation to publicly release the results of any revisions to such forward-looking statements which may be made, for example to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For further information, please visit our website at: www.ags.ca Or contact: Rob Hetherington Phone: 1-888-685-7788 Communications Fax: (403) 266-8909 Co-ordinator E-mail: info@ags.ca SEC 12g exemption 82-4832 The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. |
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