TTGG News confirms the cancellation of the first 67 million shares
T & G2 to Double Zingo Units in Operation to 48 Gaming Units
Press Release Source: T & G2
T & G2 to Double Zingo Units in Operation to 48 Gaming Units
Wednesday May 28, 3:00 pm ET
BERKELEY HEIGHTS, N.J.--(BUSINESS WIRE)--May 28, 2003--T & G2 (OTCBB:TTGG - News) announced today that its wholly owned subsidiary, Zingo Sales, Ltd. (ZINGO) shipped an additional 24 Electronic Gaming Units to the Northwest Region of the United States. This new order, which brings the total number of Gaming Units in service to 48, will immediately begin generating recurring revenue for the company upon completion of the initial unit set-up.
TTGG's Subsidiary, Zingo, has received additional orders for their units over the past few weeks. The 24 units will be delivered by the end of this week with installation to occur in the next 7 to 10 days. These will now double the number of operational units in this region for TTGG. The new "Ultimate" Games, which will be running on the units, offer a variety of fast action forms of bingo. These games allow the player to play an electronic form of bingo that is more exciting than the typical session bingo that most people are accustomed to. TTGG also confirms the cancellation of the first 67 million shares. The other approximately 33 million shares are in the process of being taken out of escrow and returned to the transfer agent.
T & G2's CEO, James M. Farinella stated, "We are now starting to gain momentum in the market place. We are choosing the accounts that we feel will provide the company and its shareholders the best return on investment. I look forward to the coming months as we start to turn the corner towards becoming an operational stage company generating both revenues and earnings."
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by T & G2 (TTGG) may differ materially from these statements due to a number of factors. TTGG assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
T & G2
Investor Relations
Stephen Taylor, 973/351-3868 or Toll Free 866/409-8342
Website: www.ttgg.net
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