posted
This company has been looking good ever since bouncing back from unjustified selling. It IPO'd nicely in July, and many sellers took quick profits. Now it looks to be headed back up as people realize that gaming is an industry thats really expected to grow even larger than it already has.
Chart shows great potential. Recently crossed 10/200, and headed to next level...
PHOENIX, AZ -- (MARKET WIRE) -- 10/07/05 -- Pegasus Gaming Corp. (OTC: PGGG) (http://www.PegasusGaming.com), an I-gaming software and e-commerce services company servicing clients from Europe and Africa, is pleased to announce that it has completed a lottery licensing agreement with the International Lottery in Liechtenstein Foundation (ILLF).
Under the terms of the agreement, Pegasus and its licensees will become authorized re-sellers for the government run National Lottery, and will share in a percentage of the revenues based upon a sliding scale. As Pegasus signs on more licensees, it is anticipated that lottery sales will increase respectively, thus leading to a higher percentage share of the lottery revenues.
This completed license for the lottery platform is the second license in the last 2 weeks that Pegasus Gaming has completed, following a thorough due diligent process completed on the company just days ago. Implementation is already underway between the two technical development departments to deploy this new highly profitable venture into production phase.
ILLF is a charitable Foundation that is authorized and controlled by the Liechtenstein government for the purpose of operating a lottery in Liechtenstein.
"A second license in a matter of two weeks further illustrates the potential of our product in Europe," stated Pegasus Gaming President & CEO David Cheng. "The fact that a government-run lottery has chosen to do business with Pegasus Gaming further validates us as a player on the world stage."
With the current and continuous success of SportingBet, World Gaming, Crypyologic, Chimera Technology and PartyPoker, Pegasus is certainly well positioned to capitalize on its future growth. Our state-of-the-art mobile casino platforms are compatible with a wide array of mobile phones, including Nokia, Motorola, Samsung and Sony Ericsson.
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit Pegasus Gaming's IR Hub located at http://www.Agoracom.com/IR/Pegasus. Alternatively, investors can e-mail AGORA Investor Relations directly at PGGG*Agoracom.com.
About Pegasus Gaming Corp.
Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including casino, sports betting, and pari-mutuel horse betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
To view the corporate presentation with sound, please click on the following link:
The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
PHOENIX, AZ -- (MARKET WIRE) -- 10/07/05 -- Pegasus Gaming Corp. (OTC: PGGG) (http://www.PegasusGaming.com), an I-gaming software and e-commerce services company with exclusive licensing rights for Europe and Africa, is pleased to announce that Pegasus was recently featured on the AOL® Small Cap Channel as the feature story.
The AOL® Small Cap Channel is a national media brand dedicated to reporting the news, developments and achievements of Small Cap Companies.
The gaming industry is booming at the moment with news that SportingBet has offered to purchase Empire Online for over USD$1.5 Billion. SportingBet is the Number One online sports gaming site in the world. In addition, the world's largest online casino operator, 888 Holding plc, parent company of Pacific Poker, one of the world's largest online Texas Hold'em Poker Rooms, announced plans for an IPO on the London Stock Exchange. The company held its IPO at GBP 1.75 per share, reflecting a market cap of GBP 590 million ($1.04 billion USD).
"The online gaming Industry has hit full stride and Pegasus Gaming is now positioned to take full advantage of this growing trend," stated Pegasus Gaming President & CEO, David Cheng. "This exposure for Pegasus truly establishes us as a player in the online gaming industry."
To access the AOL Small Cap Channel, you must be an AOL Canada subscriber. In the Keywords box, enter the term "small cap" and it will take you to the AOL Small Cap Channel.
AOL Canada is a wholly owned subsidiary of America Online, Inc., which is the world's leading interactive services company with more than 26.5 million members worldwide. AOL Canada provides enhanced Internet experiences to Canadians. Representing a portfolio of pioneering Internet brands including AOL, Netscape and CompuServe, AOL Canada Inc. continues to change and enhance the scope of what people can do online. AOL Canada is dedicated to helping people get more out of their Internet with new Internet innovations that offer more control, better security, more versatility and a more enjoyable experience.
The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.
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