Casino Software Private Placement of $2.18 Million Completed by Deutsche Morgan Grenfell/C.J. Lawrence.RICHMOND, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 13, 1996--CSCC Casino Software (VSE See DOS/VSE. VSE - Virtual Storage Extended : CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. .) Casino Software Corporation today announced the completion of a sale of common shares in the corporation through a private placement in the amount of $2,179,250. The private placement which was arranged by the investment banking firm Deutsche Morgan Grenfell/C.J. Lawrence of New York, involved the sale of 947,500 common shares at a price of $2.30 per share. In commenting on the placement, CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) President and 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. Roland Thomas said, "We anticipate a continued relationship with DMG over the coming years." Thomas continued, "With the interest we are seeing for our products from major gaming markets, we are pleased to have a blue-chip investment banking firm like DMG helping to provide the capital necessary to grow and meet future demands." Deutsche Morgan Grenfell/C.J. Lawrence is the investment banking arm of Deutsche Bank AG, the 10th largest bank in the world with over $450 billion in assets, and the largest AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rated bank in the world. As one of the three most active investment banking firms in gaming, DMG also has extensive relationships with prestigious gaming operators and suppliers including Argosy, Station Casinos, MGM Grand, Alliance/Bally and Anchor Gaming. On September 11, 1996 the company was also pleased to announce the appointment of Mr. Glenn Glasshagel former CEO of San Diego based HomeTown Buffet Inc. (Nasdaq/HTBB). Mr. Glasshagel joins Casino Software as Executive Vice President and Chief Financial Officer for the company and will be based in the company's Sales and Marketing office in Las Vegas, Nevada. -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved or disapproved the information contained herein. CONTACT: CSCC Casino Software Corporation Thomas Bell, 800/933-2773 604/231-8007 (FAX) or Lindsay A. Macleod, 800/933-2773 604/231-8007 (FAX) |
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