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Gaming Transactions Inc. (GGTS) SqueezeTrigger Price is $0.30 Tuesday June 27, 9:00 am ET Approximately 3.1 Million Shares Shorted Since January 2005 According to ********** Research Report
LOS ANGELES--(BUSINESS WIRE)--June 27, 2006--********** is initiating coverage of Gaming Transactions Inc. (Pink Sheets:GGTS - News) after releasing the latest short sale data to June 2006. From January 2005 to June 2006 approximately 40.8 million total aggregate shares of GGTS have traded for a total dollar value of nearly $12.3 million. The total aggregate number of shares shorted in this time period is approximately 3.1 million shares. The GGTS SqueezeTrigger price of $0.30 is the volume weighted average short price of all short selling in GGTS. A short squeeze is expected to begin when shares of GGTS close above $0.30. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value
January '05 368 28 $ 0.25 $ 7 February 201,218 15,494 $ 0.89 $ 13,810 March 3,489,077 268,659 $ 0.45 $ 121,891 April 6,359,880 489,711 $ 0.69 $ 335,452 May 866,583 66,727 $ 0.59 $ 39,369 June 1,478,188 113,820 $ 0.52 $ 59,187 July 416,012 32,033 $ 0.48 $ 15,296 August 563,913 43,421 $ 0.42 $ 18,128 September 211,287 16,269 $ 0.37 $ 5,979 October 369,725 28,469 $ 0.23 $ 6,477 November 112,910 8,694 $ 0.19 $ 1,652 December 143,806 11,073 $ 0.15 $ 1,633 January '06 428,127 32,966 $ 0.13 $ 4,203 February 314,462 24,214 $ 0.22 $ 5,327 March 4,812,095 370,531 $ 0.29 $ 108,380 April 1,207,356 92,966 $ 0.22 $ 19,988 May 13,891,932 1,069,679 $ 0.15 $ 163,447 June 5,957,057 458,693 $ 0.05 $ 24,402
Total: 40,823,996 3,143,448 $ 0.30 $ 944,627
(a) short volume is approximated using a proprietary algorithm. (b) average short price is calculated using a volume weighted average short price. (c) short volume is the total short trade volume and does not account for covers.
GGTS On OTC Naked Short Threshold List
On List Off List # Days
April 22, 2005 May 3, 2005 8 June 15, 2005 July 6, 2005 15 August 31, 2005 September 9, 2005 7 April 7, 2006 April 17, 2006 6 May 11, 2006 June 14, 2006 24
Gaming Transactions Inc. has been on the OTC Naked Short Threshold list 5 times. Brokerage firms have been out of compliance with Regulation SHO 2 times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
Gaming Transactions Inc. Retains Prestige Asia to Manage Its Public Relations Program Through Out Asia Thursday June 29, 3:14 pm ET
BANGKOK, Thailand, June 29 /PRNewswire-FirstCall/ -- Gaming Transactions, Inc. (OTC: GGTS - News) a developer and provider of online games and services for the online entertainment and gaming industries announces it has retained Prestige Procurement and Networking Services (Prestige Asia) to manage the Global Investor Relations program. ADVERTISEMENT
The Company's central licensed games portal, www.keno.com , is a destination online gambling property where players may participate in a number of gambling and online gaming fixtures. www.keno.com is licensed to Keno.com Ltd. (UK); a wholly owned subsidiary of Gaming Transactions Inc.
Sutida Suwunnavid of Prestige Asia said, "Gaming Transactions Inc has great growth potential in Asia, both in the area of online and mobile gaming"
Gaming Transactions Inc. has always viewed Asia as a prime market, being able to take that step should significantly impact revenue and profits in the coming year. The online gaming market in China is expected to grow by 28 percent this year with revenues reaching US$970 million according to new figures from iResearch. This would put China just ahead of Korea's US$960 million in online game revenues.
It's also interesting to note the rapid expansion of Internet use in China. Another report from eMarketer, China Online, delves into the incredible potential for the online market in the country. There were more than 111 million Internet users in China in 2005 and that number is expected to exceed 180 million by 2010.
Prestige Asia is owned 100% by Asian Asset LLC the major share holder of Buzz Technologies Group (OTC: BZTG - News)
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Gaming Transactions Inc. and Prestige Asia Announce the Signing of an Agreement for GGTS to Participate in Its Public Relations Program Throughout Asia Thursday June 29, 5:36 pm ET
Operator of Keno.com and IGaming Portals to Expand Into Emerging Markets
LOS ANGELES, CA--(MARKET WIRE)--Jun 29, 2006 -- Gaming Transactions Inc. (Other OTC:GGTS.PK - News), a leading provider of online gaming portal management, is pleased to announce that it has retained Prestige Procurement and Networking Services (Prestige Asia) to manage the Global Investor Relations program. ADVERTISEMENT
eMarketer reports that there were more than 111 million Internet users in China in 2005 and that number is expected to exceed 180 million by 2010.
Patrick Smyth, CEO of Gaming Transactions Inc., commented, "Asians have a propensity for gambling. As an example, a recent article suggested that Macau's gross gaming revenue is already almost on the same level as that of the famous Strip, the 6.5 kilometer string of hotels and casinos in Las Vegas. Official figures show that last year, Macau's casinos had revenue of about $5.6 billion, compared with the $6 billion the Las Vegas Strip casinos made. When you consider that the 111 million Internet users online last year represented only 8.5% of the country's population, the potential for growth is staggering."
Prestige Asia is owned 100% by Asian Asset LLC the major share holder of Buzz Technologies Group.
Gaming Transactions Inc. is a developer and provider of online games and services for the online entertainment and gaming industries. The Company's central licensed games portal, www.keno.com, is a destination online gaming portal where players may participate in a number of gambling and online gaming fixtures.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition..
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Finally going? .026 monday .11 now news this morning: Gaming Transactions Inc. to Build and Sell White Label Versions of Keno.com Wednesday August 23, 6:00 am ET
LONDON--(BUSINESS WIRE)--Aug. 23, 2006--Keno.com Ltd. (UK), a wholly owned subsidiary of Gaming Transactions Inc. (Pink Sheets:GGTS - News) and a leading provider of online gaming portal management, is pleased to announce that it has begun its sub-licensing program for white label Keno.com-style websites. ADVERTISEMENT
The company intends to build and sell turn-key websites, drawing from a stable of over 200 keno-related URL's that it has available for licensing. Operators will be charged a nominal set-up fee, as well as an ongoing percentage of licensing fees.
The software handles all operations in real time with the security needed in today's world. Keno, the game, is one of the highest grossing products for many North American public gaming corporations such as the New York Lottery Corporation and the British Columbia Lottery Corporation.
Easy to play, quick, and profitable, Keno has become a favorite to gamblers who want the excitement of a lottery draw without having to wait for a weekly offering.
The company is still on track to launch the new version of Keno.com for cash before the end of the quarter, utilizing casino software provided by RedFelt Software Ltd. (UK), a subsidiary of CYOP Systems International Inc. (NASDAQ:CYOS - News). The site will feature over 40 games and be available in 10 languages.
About the Company
Gaming Transactions Inc. is a developer and provider of online casino games and portals for the internet gaming industry. The Company's central licensed games site, www.keno.com, is a destination gaming portal where players may participate in a number of gambling and online gaming fixtures.
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