BGI Comments on Alabama Supreme Court Decision.AUSTIN, Texas -- BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International , Inc. (Pink Sheets:BGII BGII Baldur's Gate II: Shadows of Amn (computer game) ) today announced that on December 1, 2006, the Alabama Supreme Court The Supreme Court of Alabama is the highest court in the state of Alabama. The court consists of a Chief Justice and eight Associate Justices, elected in partisan elections for staggered six year terms. issued an opinion in the case of Barber v. Jefferson County Racing Association, Inc., Docket A written list of judicial proceedings set down for trial in a court. To enter the dates of judicial proceedings scheduled for trial in a book kept by a court. No. 1050857 (Ala., Dec. 1, 2006), reversing and rendering judgment in favor of District Attorney Barber (the "Alabama Supreme Court Opinion"). This decision reverses a lower court decision that the sweepstakes game operated at a Birmingham Alabama racetrack was legal under Alabama law. That decision was the basis for the Company operating its sweepstakes games throughout Alabama. The Alabama Supreme Court Opinion will not become a final, enforceable judgment until certain procedural time periods have elapsed, including a period of fourteen days for the filing of an application for rehearing rehearing n. conducting a hearing again based on the motion of one of the parties to a lawsuit, petition or criminal prosecution, usually by the court or agency which originally heard the matter. . At present, the Company and its legal counsel are analyzing the Alabama Supreme Court Opinion and the Company's alternatives as a result of the ruling. Ultimately, the Alabama Supreme Court Opinion could result in the Company ceasing operations in Alabama. Statements that BGI may publish, including those in this announcement that are not strictly historical, are "forward-looking" statements made under the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are inherently unreliable and actual results may vary. Factors which could cause actual results to differ from these forward-looking statements include but are not limited to changes in the competitive marketplace, changes in the regulatory environment and economic conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About BGI, Inc. BGI, Inc. (http://www.bgicorp.com) is a gaming company that designs, distributes and markets sweepstakes-driven gaming products. The Company's primary product -- the Lucky Strike Phone card machine -- uses a sweepstakes game as an incentive to sell phone cards. BGI, Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets under the symbol BGII. BGI, Inc. 3211 W. Rundberg, Suite 175 Austin, TX 78758 |
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