Bingo and Gaming International Signs Investment Banking Agreement.AUSTIN, Texas--(BUSINESS WIRE)--Aug. 17, 1999-- Bingo and Gaming International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BING) announced today that it has signed a contract with Brookstreet Securities Corporation for the provision of investment banking services. Brookstreet is a nationally recognized Irvine, California-based full service investment banking and corporate finance firm with 110 branch offices. Under the terms of the agreement, Bingo and Gaming International may engage the services of BKST in preparation for a public or private offering, to advise and assist with acquisition matters, and implement investment banking activities. Bingo and Gaming International will be presenting at the Regional Investment Bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. Association meeting this week with Brookstreet as its sponsor. "Brookstreet is very excited about the tremendous expansion opportunities provided to Bingo and Gaming International as more states approve their Lucky Strike phone card and sweepstakes promotion," says Dave Rosier, Director of Corporate Finance for Brookstreet. "We are pleased to be working with such a well respected investment banking firm. Their expertise and credibility will assist us in realizing our full potential as a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ," says Reid Funderburk, 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 Bingo and Gaming International. Bingo and Gaming International sells, rents, operates and services Lucky Strike prepaid phone card vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. . These machines employ a novel marketing concept, which permits consumers to enter a free promotional sweepstakes offering cash prizes from $1 to $1,000 with every phone card purchase. The company also operates as a lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. of charity bingo facilities. The company's growth strategy includes selectively broadening the geographic scope of its operations by entering new markets. Pending legislation and distribution contracts may enable Bingo & Gaming International to sell its machines in several more states this year than it has done in the past. The company already has its machines placed in Arizona, California, Connecticut, Idaho, Illinois, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , Ohio, Oklahoma, Pennsylvania Oklahoma is a borough in Westmoreland County, Pennsylvania, United States. The population was 915 at the 2000 census. Geography Oklahoma is located at (40.581613, -79.574586)GR1. and Texas. Most of its machines are located in charitable bingo halls and Indian bingo facilities, but some are located in bars and bowling alleys. For more information, contact Theresa Rasmussen or Patricia Cunningham of Merger Communications at 713/267-2328. The statements made by Bingo & Gaming International (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 ) may be forward looking in nature. Actual results may differ materially from these projected statements. BGI believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal processes and systems; changes in the overall economy; changes in technology; the number and size of competitors and the mix of product and services offered in its markets; and changes in the law and regulatory policy. Merger Communications (Merger) is a media relations firm employed by BGI. The statements and opinions presented here represent the views of BGI, not Merger, as the release is based on the information provided by BGI. Merger and BGI believe that all information herein has been obtained from sources considered reliable, but can not guarantee that the statements presented herein are accurate or complete. Merger's compensation for its media relations services, including preparation of press releases, consists of a monthly retainer A contract between attorney and client specifying the nature of the services to be rendered and the cost of the services. Retainer also denotes the fee that the client pays when employing an attorney to act on her behalf. and stock. Merger may have a long position in the securities of the companies in which it distributes information to the media, and Merger may be buying or selling securities in the course of its regular business. |
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