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INTERNATIONAL GAMING MANAGEMENT ANNOUNCES RECORD FIRST QUARTER

 INTERNATIONAL GAMING MANAGEMENT ANNOUNCES RECORD FIRST QUARTER
 MINNEAPOLIS, Jan. 28 /PRNewswire/ -- International Gaming Management, Inc. (IGMM) announced its first quarter earnings for the three months ended Nov. 30, 1991, were $0.06 per share compared with $0.01 per share for its first quarter earnings for the three months ended Nov. 30, 1990.
 The company's net revenues for the first quarter ending Nov. 30, 1991, increased dramatically to $402,376 in contrast to $45,477 for the comparable period in 1990. The company's outstanding shares increased to 6,897,700 from 6,720,500 over the period.
 Jeffery Ross, president and CEO of IGM said, "This is the most profitable quarter in IGM's history and results from continued growth in the company's traditional business serving the needs of the Indian Country gaming industry, and reflects IGM's gain on its sale of 4 percent of Louisiana Gaming Management, Inc. stock." Ross said, while IGM is demonstrating continued strong growth in its core business, it has also positioned itself in the state video lottery industry by joining with its strategic partner, Louisiana Game Management, Inc. in placing what Louisiana Gaming Management, Inc.'s management anticipates will now be 5,000 video lottery terminals.
 INTERNATIONAL GAMING MANAGEMENT, INC.
 RESULTS OF OPERATIONS
 11/30/91 11/30/90
 Revenues from ongoing operations $312,589 $157,099
 Revenues from other activities 636,249 274,095
 Total revenues 948,838 431,194
 Expenses (546,462) (385,217)
 Net revenues 402,376 45,477
 Per share $0.06 $0.01
 -0- 1/28/92
 /CONTACT: Mark J. Kallenbach, 612-542-1410, for International Gaming Management/ CO: International Gaming Management ST: Minnesota IN: CNO SU: ERN


AL -- MN011 -- 4258 01/28/92 12:41 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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