Applied Gaming Solutions -- AGC Signs Exclusive Internet Agreement With Vietnamese Lottery Authority.Business Editors, High-Tech Writers CALGARY, Alberta--(BUSINESS WIRE)--May 3, 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 )(CDNX CDNX See Canadian Venture Exchange (CDNX). :AGC) announced today that it has signed an exclusive supplier agreement with the representative agency 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 accept purchases of current or future lottery products over the internet. 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. . For the services provided, AGC will receive a technical consulting fee for the duration of the contract period, which is anticipated to be not less than ten years with a five-year renewal option. The technical consulting fee that AGC will receive is subject to final negotiations with the SBLC. "We are proud to be selected again by the lottery companies in Vietnam to supply this cutting edge technology. This continues our strategy of expanding the range of our services to the Vietnamese Lottery Authority," said David Aftergood, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AGC. The company has been in ongoing discussions with several world-renowned Internet Access Technology providers to furnish a secure, innovative, hybrid Internet and on-line lottery systems solution for its Vietnamese customer. 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, AGS AGS American Geriatrics Society. 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, a division of Anchor Gaming (Nasdaq:SLOT) and IBM (NYSE NYSE See: New York Stock Exchange :IBM). 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. 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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