AGCI & ZFPI: Gaming stocks on the move.
AGCI news. Low floater with 6.5 million OS. GreenBaron pick.
ZFPI adding contracts, acquisitions at record pace.
AngelCiti Reaches Agreement with Basic Investors for $3 Million Commitment to Finance Carib Gaming Acquisition
June 02, 2005 07:00:22 (ET)
PEMBROKE PINES, Fla., Jun 2, 2005 (PRIMEZONE via COMTEX) -- AngelCiti Entertainment, Inc. (AGCI, Trade), an online casino software company, announced today that it has entered into a Business Consulting Agreement with Basic Investors and has agreed to a term sheet providing $3 million in funding towards the Company's slated acquisition of Carib Gaming. Carib Gaming is the largest gaming operator on the fast growing Turks and Caicos Islands and has operations in 23 locations island-wide.
AngelCiti President George Gutierrez stated, "We are ecstatic as we take our next key step towards completing our acquisition, which will instantly make the company quite profitable. This also serves as the future model for other similar acquisitions, for which we have recently been offered as well. Finally, we are proud to announce that the financing will be upon terms we consider quite favorable and which will preserve and enhance shareholder value both in the short and long term. The financing and acquisition are truly landmark next steps in the positive evolution of our company."
ZFPI: Zone4Play Partner With Two Way TV Australia to Penetrate Into the Pacific and Asian Markets
via COMTEX
May 24, 2005
WILMINGTON, Delaware, May 24, 2005 /PRNewswire-FirstCall via COMTEX/ --
Zone4Play, Inc. (OTC Bulletin Board: ZFPI) has entered into a long term agreement with Two Way TV Australia Limited (ASX: TTV), a leading provider of live, competitive, enhanced TV entertainment and interactive TV applications and technology to the Australian market, under which it is acquiring exclusive rights to distribute Zone4Play's advanced SMS-TV solution, iTV solutions and mobile gaming and gambling products in Australia, New Zealand and 26 Asian territories.
From 8-K filed 6/1:
Item 1.01. Entry into a Material Definitive Agreement
On May 27, 2005, Zone 4 Play, Inc. (the “Company”) and Littlewoods Promotions Limited , a provider of interactive games and other content, and licensed under a bookmakers’ permit to provide online and interactive fixed odds betting in connection with such interactive games (“Littlewoods”) entered into an Interactive Applications Agreement (the “Agreement”).
Pursuant to the terms of the Agreement, Littlewoods will license certain software applications, including interactive TV fixed odds games, multi-player games, and SMS fixed odds games, from the Company, on a non-exclusive basis for distribution on interactive digital TV platforms in the UK.
AI
