Replies to post #12440 on Electronic Game Card, Inc (fka EGMIQ)

[okvestor]

So the SciGames agreement ends April 2011 but can be continued, as described in your 3rd Qtr CC posting:

David Watson – Private Investor

Regarding the Scientific Games, I believe that was like a three-year contract, so in a year and a half I'm supposing that expires. When that expires what's the plan for you guys in the North American gaming market?

Lee Cole

Well Sci Games just have states lotteries, so we're still able to serve the rest of the gaming market. Obviously state lotteries is a big area. One of the things that we're working on is a new card for the lottery market which will be a lower price to hopefully get us into the $10 lottery market as well as the $20, but at the moment we’ve got our agreement with [Solar] games which expires as you say approximately April ’11 and until that time we’re in their hands in the US market.

David Watson – Private Investor

Is the nature of that agreement such that they can re-up that agreement at their discretion?

Lee Cole

Actually it is providing they've met certain criteria.

[howsmydrivingal]

I would hope to assume that the conditions upon which SC Games can re-up the control would have to be based on the amount of penetration/cards sold achieved in the US Lottery Market. Meaning we are done sitting on the shelf in the US Lottery Market. GoodBye Scientific Games, thanks for the few million and focusing the company around the world.