Colley Corporation's GameBanc Unit Signs Contract With Ohio Lottery.Business Editors CINCINNATI--(BUSINESS WIRE)--July 25, 2002 Colley announces that its GameBanc Unit has been awarded a contract to provide Database Management Services to the Ohio Lottery The Ohio Lottery is run by the state of Ohio. Its games include Pick 3 and Pick 4 numbers games, Rolling Cash 5, the multi-state Mega Millions, and numerous instant tickets. In 1973 State Issue 1, the creation of the Ohio Lottery Commission, was approved by voters. . This contract has a one-year initial term with a renewal option for two additional one-year terms. This services provided under this contract are a major part of GameBanc's Remote Digital Access(tm) program. Work has already begun with the Ohio Lottery to fully implement this program by August 1, 2002. "The Ohio Lottery has always been a leader among state lotteries A game of chance operated by a state government. Generally a lottery offers a person the chance to win a prize in exchange for something of lesser value. Most lotteries offer a large cash prize, and the chance to win the cash prize is typically available for one dollar. in customer service and play value for their customers. We are very pleased that the Ohio Lottery has chosen GameBanc from a large group of qualified bidders to operate these services for them. We believe the Internet provides a very important method for the Ohio Lottery to communicate with its player base," said Roger W. Ach, Chairman 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. of Colley Corporation, the majority owner of GameBanc. About Colley Colley Corporation is the majority owner of GameBanc Corporation, a diversified diversified (di·verˑ·s Internet games and lottery information company. Colley has announced that it proposes to make a formal Exchange Offer for the 47% of GameBanc stock that it does not now own, in the very near future. GameBanc operates www.Lottery.com, www.Cards.com, www.Regards.com, www.GameLand.com and www.Skillmoney.com, which covers the three most widely used platforms in the Internet Entertainment space--games, lottery and digital greetings. About The Ohio Lottery Established by legislative action and voter referendum in 1973, the Ohio Lottery has contributed over $11 billion to education in Ohio over the past 26 years. In May 2002 Ohio joined the Mega Millions Mega Millions is a multi-state US$1 lottery game in the United States. Twelve U.S. states currently license Mega Millions as a provider of multistate lotteries in those states (29 states, the District of Columbia, and the US Virgin Islands license Powerball, Mega Millions' main Game, a multi-state game that is played in 9 states and offers a minimum $10 million jackpot. 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 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Colley) contains statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Colley. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. |
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