BGI Comments on Alabama Supreme Court Decision.
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. 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 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 Pink Sheets under the symbol BGII.
BGI, Inc. 3211 W. Rundberg, Suite 175 Austin, TX 78758
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|Date:||Dec 4, 2006|
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