Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

I think that is not the case. 500k is a drop in the bucket to a company like SGI and they will continue to pay the fee to lock us out of the top markets (US, Mexico, Canada & Italy). SGI has got a dog in the electronic game card race. They developed their own product after test marketing EGMI’s cards and seeing it was a huge hit. They are just starting to test market their own product in the US called PushPlay. SGI effectively stole the idea after joint venturing w/ EGMI. SGI probably saw the potential for EGMI to make inroads into the gaming industry with their game cards and didn’t want to be marginalized. They bought a cheap piece of insurance until they got their own product out the door. Luckily for us Lord Steinberg came around, as I think he has genuine interest in EGMI. Let’s hope our investment in EGMI makes inroads in the other lottery markets outside of the SGI agreement and in the promotions market. This will keep our stock price growing for sometime. We can take on SGI, once we are a larger and more formidable company. Personally I thought EGMI's product was simpler in design and suited the electronic scratch ticket better.