| Indian Gaming Market Opened Up to Electronic Game Card |
Electronic Game Card, Inc. (OTCBB: EGMI), the US rewards based games company, today confirmed that they have received a communication from Gaming Laboratories International (GLI) that effectively clears the way for the sale of Electronic Game Card's GameCards to Indian Casino visitors on Tribal Lands.
This communication follows the recent Opinion of the National Indian Gaming Commission (NIGC) that EGC's Tribal Numbers(TM) GameCards qualify as a Class II device under the Indian Gaming Regulatory Act - subject to GLI consent.
John Bentley, CEO of Electronic Game Card, Inc., commented, "GLI clearance represents a significant stepping stone in accessing this substantial new market. Having already secured the firm interest and sponsorship from Tribes for achieving this, we are delighted that our
GameCards can now be made available for sale to the public on Tribal Lands. We believe that the confidence already being shown in the security and innovative design and uses of EGC gamecards by lottery operators - as well the success of the cards with the public - will now be reflected in Indian Country."
The Indian Gaming development coincides with an EGC GameCard product winning the Public Gaming Research Institute's "most innovative lottery product of the year" award at the recent PGRI 2005 EXPO/ILAC Conference in Las Vegas. Electronic Game Card is due to launch its Tribal Numbers sales and marketing campaign at the major G2E gaming show in Las Vegas on the 12th-15th September 2005.
About Electronic Game Card
Electronic Game Card, Inc., is a listed US corporation (OTCBB: EGMI) distributing reward based digital games. Electronic Game Card owns a unique pocket sized digital multi-play game platform with multiple applications in the "instant" lottery, casino and sales promotions prize and competition industries. Currently the GameCards are being sold in the form of a lottery ticket in the US. For further information please visit www.electronicgamecard.com, and www.xogo.net
Safe Harbor Statement
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not
limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Source: Canada NewsWire
Friday, 5 August 2005
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