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Press release: 1996-05-30: SUPER BINGO: A NEW PROJECT BY SEGA AND AGTI

From Sega Retro

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This is an unaltered copy of a press release, for use as a primary source on Sega Retro. Please do not edit the contents below.
Language: English
Original source: The Free Library


VANCOUVER, British Columbia, May 30 /PRNewswire/ -- Advanced Gaming Technology, Inc. (AGTI) announces that a Letter of Intent has been executed with SEGA Gaming Technology, Inc. to manufacture and test a new electronic Bingo game called "SUPER BINGO" (a fast action Class II Speed Bingo) with the first product available for testing by July 1, 1996.

"SUPER BINGO" is a high stakes electronic speed bingo unit capable of playing up to 300 cards simultaneously in 60 second intervals. Each "SUPER BINGO" will be available in various styles capable of accommodating from 4 to 50 stations. Each location will be custom designed.

World-wide marketing of "SUPER BINGO" will attract traditional bingo players as well as appealing to high stakes participants. A player can bet any number of cards up to 300. "SUPER BINGO" is a modular compact unit, allowing efficient use of floor space. The system is capable of being networked throughout gaming halls (casinos, cruise ships), a city or even a country (dependent upon regulatory approvals), thus facilitating major progressive jackpots.

SEGA's and AGTI's market research suggests that based upon average usage of 44% (low of 29%, high of 50%) worldwide net revenues could exceed $38 million annually.

SEGA Gaming Technology, Inc. is a leading developer, manufacturer and supplier of gaming software and hardware. SEGA prides itself as the world leader in home entertainment video technology, as well as theme parks and cable T.V. to the extent that SEGA is a household name in the entertainment industry.

The "SUPER BINGO" project combines the SEGA reputation in gaming and entertainment and AGTI's knowledge of Bingo and their proprietary MAX Bingo Systems.

SEGA Gaming Technology, Inc. is a subsidiary of SEGA Enterprises, Ltd. of Japan.

Advanced Gaming Technology, Inc. designs, manufactures, markets and services patented and proprietary gaming systems, including technologically advanced electronic bingo systems. The company is a major supplier of electronic gaming systems, offering increased play potential and revenue to gaming operators. Its stock trades under the symbol "AGTI" on NASD Electronic Bulletin Board.

 -0- 05/30/96

/CONTACT: David B. Jackson, Senior Vice President, 604-689-8841/

(AGTI)

CO: Advanced Gaming Technology, Inc. ST: British Columbia IN: CPR SU:

NL-KL -- LATH034 -- 0163 05/30/96 10:30 EDT
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Copyright 1996 Gale, Cengage Learning. All rights reserved.