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TORONTO, Feb 21, 2006 (PRIMEZONE via COMTEX) --
Vegas Wireless Entertainment, "Vegas Wireless", is pleased to announce the signing of a definitive agreement to merge with BICO, Inc. (OTCBB:BIKO). Vegas Wireless specializes in the creation and distribution of mobile entertainment software products. The acquisition is expected to close in March.
Keep your eye on this one. Should be moving soon.
-------------------- It's only money..We'll make more tomorrow!
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Nope, it would be a good idea to ask and see what happened with the deal and if it is finalized. If they say yes, ask if a PR will be released to the public.
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I will try to get in touch. I'm just trying to get in early instead of after the news. Beat the crowd. Should have a good run with news JMO. Hoping for .004....time will tell GLTA!
-------------------- It's only money..We'll make more tomorrow!
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Well, it is going to be a reverse merger. Vegas Wireless will be the continuing company.. It will trade under the BIKO sybol. They are working out the share structure and if there will be a reverse split before or shortly after the deal is finalised.
The deal is taking a little longer than they expected because of the tax position between the USA and Canada.
I arranged for Paul to be interviewed on subpennyradio.com of which he accepted and I will post it on here when it is to take place.
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Reverse merger is when a huge private company buys a defunct, pink sheet company (a shell) to become a public company. It's the BEST thing that can happen to a pink.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Basically Vegas wireless is not a publicly traded company... BIKO is now a shell, and this deal gives the share holders something tangible in the form of wireless gaming through Vegas Wireless Ent.
Vegas gets there self on the market and BIKO bows out.
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Just remember, the only reason a company goes public (either ipo or reverse merger) is to raise capital. And they do that by selling shares. Usually on a reverse merger there might be a run up where they dilute into the run, then they r/s. So if you get in, don't get too greedy if it runs.
-------------------- I just want to make enough money to be eccentric.
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I talked to the CEO of Vegas Wireless and he said that news should be coming in the following week or so, as the deal was taking a little longer than expected.
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TORONTO, Ontario, CANADA, March 24, 2006 -- Vegas Wireless Entertainment Inc. (www.vegaswirelessent.com) is pleased to announce the launch of its premier PlayPlatform™ to the world on May 15th, 2006 in Montréal. The GIGSE Trade show is the premier gaming tradeshow of its kind, representing the best of the iGaming, and mGaming enterprises from across the globe. CEO Paul Ramsay stated that, “GIGSE represents a unique opportunity for us to show ourselves in front of our peers , and to reveal the long hard work that has taken place over the course of the last few years.” Vegas Wireless Entertainment’s PlayPlatform™ has been described by industry insiders as the forthcoming Premier wireless platform to solidify and mass market wireless applications to the general public.
The system offers existing or proceeding ventures a turn-key solution in which all gaming services can be offered wirelessly. CEO Paul Ramsay indicated that, “Our system utilizes the best of both worlds – operating seamlessly with current online offerings to create a global online arena of players, and to create a new avenue for businesses if your players are not online. Wireless technology brings forth very comparable solutions to the tech-savvy markets of North America, Europe and Asia.” GIGSE is the premier Tradeshow of its kind, offering products and services from gaming industry leaders, and attracts over 1500 patrons. This year it will be taking place for the 11th year at the prestigious Palais des Congres. For more information please visit www.gigse.com
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete the transactions, which remain subject to a due diligence review by both parties, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, develop appropriate strategic alliances, raise working capital, successful development and implementation of technology, acceptance of the company's products and services, build a functional infrastructure, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.
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