| Progressive Gaming International and VirtGame Merger Update |
On August 8, 2005, VirtGame Corp. (OTC Bulletin Board: VGTI), a provider of innovative software solutions to the regulated gaming industry, announced that it will convene a special
meeting of Shareholders at 9:00 a.m., local time, on Tuesday, September 13, 2005.
At the meeting, VirtGame Shareholders will be asked to approve the acquisition of VirtGame through a merger with Mikohn Gaming Corporation d/b/a Progressive Gaming International Corporation (Nasdaq: PGIC). The merger requires approval by the holders of VirtGame's common and preferred stock. VirtGame common stockholders will be allowed to vote by proxy or by attending the special meeting and voting in person. Proxy materials are being printed
and will be mailed immediately.
VirtGame's special meeting of Shareholders will be held on Tuesday, September 13, 2005 at 9:00 a.m. local time at the Riviera Hotel & Casino located at 2901 Las Vegas Boulevard South, Las Vegas Nevada 89109 for investors preferring to vote in person on the approval and adoption of the VirtGame merger with Progressive.
Shares of VirtGame common stock held in "Street Name" will not be voted by the stockholder's broker/dealer unless the stockholder instructs its broker as to how (s)he wants the vote recorded. Non-votes will not be counted in favor of the merger and will have the same effect as a vote against approval of the merger.
About Progressive Gaming International
Progressive Gaming International is a leading supplier of Integrated Casino Management Systems Software and Games for the gaming industry worldwide. The Company develops and distributes an expanding array of slot and table games, plus management and progressive jackpot software systems.
The Company is unique in the industry in offering management, progressive systems and games as a modular yet integrated solution. There is a Progressive Gaming International product in virtually every casino in the world.
About VirtGame Corp.
VirtGame is a Nevada Gaming Commission licensed provider of innovative sports book software systems and server-based, networked gaming software for regulated gaming applications. VirtGame's technology platform, VirtGame SP(TM), is a comprehensive, scalable and customizable, enabling gaming on any hardware platform including PCs, hand-held devices and mobile phones. Gaming content is stored on a central server and sent to terminals anywhere on the casino floor, or beyond to extended licensed locations. The Company's products, when used in combination, and individually, create greater efficiencies, reduce costs, increase revenues and extend the branch reach of casinos.
Source: PR Newswire
Thursday, 11 August 2005
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