Replies to post #12625 on Electronic Game Card, Inc (fka EGMIQ)

[kardon]

IRVINE, Calif. and LONDON, March 19, 2010 /PRNewswire via COMTEX/ -- Electronic Game Card, Inc. ("EGC") (EGMI.PK) announced today that it has engaged G.C. Andersen Partners, LLC ("Andersen Partners") to serve as its strategic and financial advisor. Andersen Partners is a merchant banking and financial advisory firm.

Due to EGC's current state of affairs, one of Andersen Partners' first initiatives will be to raise working capital funds to enable the Company to engage legal, accounting and other service providers to review the historical operating and financial performance of EGC and its subsidiaries.

Commenting on the appointment of Andersen Partners, Kevin Donovan, CEO and Interim Joint Chairman of Electronic Game Card, Inc., said, "Having the support of an experienced advisor such as G.C. Andersen Partners will allow us to review our operations and identify the most advantageous options for the Company and its shareholders going forward."