Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

I think you're right in that the market wants more proof. I however do not need the proof. Proof is that when SGMS sold these to the Kansas and Iowa lottery systems it sold like hotcakes. SGMS knew they had a category buster. SGMS got greedy and figured they can do this on their own. They went out and built their own mousetrap and locked EGMI out of the US for now. Now EGMI is trying to sell this in the markets outside of the SGMS agreement. Enter the China contract and the Sovereign contract. Pricepoint may be high for the average layperson in rural China, but not so much for urban China. They are catching up to the US in terms of GDP/capital in the urban environment. That's a couple of hundred million potential customers for EGMI cards. If some gambler in the midwest loved the card, what do you think the gambleholics in China will think? Human nature is not very different, even across borders and cultures.