Global Lottery Corporation (Global) Announces it has Successfully Entered into Several Beneficial Business Arrangements.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Global Lottery Corporation (Global) (Pink Sheets:GTTC GTTC Goodfellow Technical Training Center GTTC Ginseng and Tang-Kuei Ten Combination GTTC Government Toolroom and Training Center (Karnataka) ) announced today that it has successfully entered into several beneficial business arrangements after a recent visit to several Asian Countries. During high-level governmental meetings, Global Lottery Corporation has been reassured that its initiatives in these markets are in the final approval stages. After reaffirming its US $250 million commitment from the Royal Indian Raj International Corporation, a significant North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. , first to market entity in the Indian real estate sector, heavily entrenched en·trench also in·trench v. en·trenched, en·trench·ing, en·trench·es v.tr. 1. To provide with a trench, especially for the purpose of fortifying or defending. 2. in leisure Resort/City Development, Global Lottery Corporation unleashed its expansionary ex·pan·sion·ar·y adj. Tending toward or causing expansion: the empire's expansionary policies in Asia. campaign into several major markets including the aforementioned as well as Europe. Gary Newman, 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 Global, states that, "while displaying our proprietary Lottery Systems at the recent WLA WLA Women's Land Army WLA West Los Angeles (California, USA) WLA Wisconsin Library Association (Madison, WI) WLA World Lottery Association WLA Western Lacrosse Association WLA Wasteload Allocation Convention held in Singapore, a number of new Lottery and Pari-mutuel opportunities were discussed with various Lottery License Holders and Government officials." As a result of these meetings, Global Lottery Corporation is now in negotiations at various stages as follows: 1. A signed agreement in Asia to fund and operate a National Lottery having over 20,000 selling locations, subject to government approval in order to become effective. -- Completed. 2. A signed Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MoU) in Asia to fund a major scratch off game that would fund the construction of several specialized Universities. The local government assignees are seeking final government approval for the game. -- Completed. 3. Short-listed as the second and/or third round investor to fund a major lottery project in China, which would ultimately lead to massive terminal equipment sales. -- Negotiations in progress. 4. A worldwide supplier of equipment and services to the racing industry is bidding Global Lottery's Pari-mutuel terminals to several North American race tracks as part of a new Totalizator totalizator, totalisator a computer-driven, machine-operated betting system which eliminates the bookmaker in the betting industry which surrounds horse and dog racing. Called also parimutuel. system. -- Negotiations in progress. 5. A large European country has invited Global to enter into an agreement to seek government approval whereby, Global would fund, install and operate the National Lottery. -- Discussions on-going. About Global Lottery Corporation Global Lottery Corporation, through its acquisition of WSG WSG Web Standards Group WSG Warsong Gulch (World of Warcraft; gaming) WSG Web Services Gateway (IBM) WSG Washington, Pennsylvania (Airport Code) Systems, Inc., manufactures, installs and operates Lottery and Pari-mutuel Systems utilizing its proprietary point-of-sale terminals, cell phones, the Internet, and a third party state-of-the-art scaleable PC based central operating system. With these advanced systems, Global Lottery can now compete in the reported 11 Billion Euros of new business within the next 24-36 months. www.globallotterycorporation.com. About Royal Indian Raj International Corporation Royal Indian Raj International Corporation, (RIRIC), incorporated in Nevada, USA, in March 1999 with offices in Vancouver, London, and Bangalore, India, maintains a country-specific, 5-sector heavy infrastructure orientation, focused on the free world's largest emerging market, India. The company's goal is to develop the New India by modernizing housing and businesses and realizing self-sustaining cities of the future "Cities of the Future" is a 12" and a CD single by the Israeli psychedelic trance duo Infected Mushroom. The single was released by BNE in August 2004. Track listing (12")
DISCLAIMER: Certain information included herein and in other company reports, Securities and Exchange Commission filings, statements and presentations is forward-looking within the meaning 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, including, but not limited to, statements about the company's anticipated operating results and financial resources. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other company reports, filings, statements and presentations. If one or more of the assumptions underlying our forward-looking statements proves incorrect, then the company's actual results, performance or achievements could differ materially from those expressed in, or implied by the forward-looking statements contained in this report. Therefore, we caution you not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This statement is provided as permitted by the Private Securities Litigation Reform Act of 1995. |
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