Electronic Game Card, Inc (fka EGMIQ)

[game7alcs]

Bentley, Roger Holdom..

From the 10Q
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8. Investments


As of June 30, 2009 and December 31, 2008 the Company had investments in the following entities:


June 30,2009 December 31,2008

Prize Mobile Ltd $ 1,860,235 $ 1,860,235
XOGO Ltd 1,314,735 1,314,735
Rosario Technologies Ltd 3,747,500 2,572,500
Avatar Gateways 500,000 500,000
DG2L Technologies - 250,000

Total Cost $ 7,422,470 $ 6,497,470



The Company holds 19.61% of Prize Mobile and less than 10% of each of the respective privately held entities which approximates the Company’s pro rata share of their underlying value. The Company made these investments in technologies which are complimentary to its current technologies or has received stock from sale of other investments. It is not practicable to estimate the fair value of the Company’s investment in the common stock of these entities because of the lack of quoted market prices and the inability to estimate fair value without incurring excessive costs. However, management believes that the carrying amount of $7,422,470 was not impaired as of June 30, 2009.