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INTERNATIONAL GAMING ANNOUNCES LETTER OF INTENT

 INTERNATIONAL GAMING ANNOUNCES LETTER OF INTENT
 MINNEAPOLIS, April 1 /PRNewswire/ -- International Gaming


Management, Inc. (OTC Bulletin Board: IGMM) announced that it has entered into a letter of intent for a $6,000,000 equity placement from a private funding source. The equity financing will be at a discount to the present price. Terms of the commitment were not disclosed.
 Funding is conditioned upon completion of formal documentation, and receipt of licensing approval of the company's subsidiary, Louisiana Gaming Management, Inc. from the State of Louisiana for the operation of its proposed video lottery terminals in the State of Louisiana.
 According to Jeffrey A. Ross, the company's president, "the equity financing will allow Louisiana Gaming Management, Inc. to more quickly enter and expand its presence in the Louisiana marketplace upon receipt of state approval."
 -0- 4/1/92
 /CONTACT: Doug Polinsky of International Gaming, 612-542-1410/
 (IGMM) CO: International Gaming Management, Inc. ST: Minnesota, Louisiana IN: CNO SU:


AL -- MN001 -- 3750 04/01/92 09:10 EST
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Publication:PR Newswire
Date:Apr 1, 1992
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