Electronic Game Card, Inc (fka EGMIQ)

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kardon, thanks for your contribution, but

do you really think it’s likely that EGMI would choose to give up 60% of every Poken sold in the U.S? I’m guessing, but I would think that the most logical explanation is that Poken was displeased with the progress so far. I always wondered why they would put their fate in North America in the hands of a tiny company with no experience selling direct to the consumer. I’ve assumed that Kevin charmed them.

I hope and assume that the companies will continue to work together, just without the exclusivity.

This was Kevin in the Q3 cc:

"This interesting opportunity for our company which we anticipate over time will have activity in all three of our business verticals.”

“The Poken opportunity is also another enormous opportunity. It’s a proprietary, an incredible technology of social engagement. As we all know, the social online media space is enormous and massive with a value per user as well as having a retail product to generate revenue from, so it’s a unique business model. So we’ll be divulging all that information to the market in upcoming announcements.”

“We continue on the sports front. The major sports properties with the relationship we have with BD&A. BD&A is a master licensee of the majority of sports properties and we’re looking at a couple that continue with the promotional cards for Electronic Game Card and also now with the new Poken product because the Poken product leads the consumer in that sports fan initiative online. And you can only imagine the possibilities that stem from having that product leading the consumer online, online engagement, online interaction, and the measurability of that product. And so the discussions have been helping the other products grow in further opportunities within the sports properties. And so there’ll be some forthcoming information, you know, released in greater detail.”

+++++++++++++

Incidentally, the initial announced agreement with China LotSynergy was also an MOU.

June 17, 2009 8K

http://www.sec.gov/Archives/edgar/data/1083036/000114420409032997/v152634_8k.htm

"Electronic Game Card, Inc. (OTCBB: EGMI) (“EGC”), announced today that it has completed a confidential Memorandum of Understanding (“MOU”) with China LotSynergy (“CLS”) to partner together to deliver EGMI lottery products to the Chinese market"