BGI Expanding Alabama Operations Due to Positive Court Decision
26 May 2006 - 2:27AM
Business Wire
BGI, Inc. (Pink Sheets:BGII) today announced that the Company has
expanded its distribution network in Alabama to take advantage of
the recent court decision that clarified the legality of
sweepstakes machines to promote product sales. On January 31, 2006
the circuit court of Jefferson County Alabama ruled that the
sweepstakes promoting the sale of internet access run by Multimedia
Games and the Birmingham Race Course was a lawful sweepstakes
promotion permissible under Alabama law. Additionally, several
other jurisdictions have passed or are considering local ordinances
regulating and taxing sweepstakes machines. As a result of these
developments BGI has engaged three statewide distributors to place
its machines in Alabama. One existing regional distributor has
expanded statewide because of the demand for sweepstakes machines.
Also, BGI's largest and most successful distributor has expanded
his operation into Alabama to take advantage of the opportunity.
The third distributor is new to BGI but has significant experience
in the vending and bingo business in Alabama. Bill Schwartz, CEO,
commented, "The recent court ruling has presented a great
opportunity for BGI to place a large number of sweepstakes machines
in the state. We have been working hard to increase our sales and
service infrastructure in Alabama to take advantage of the
opportunity and wanted to update our shareholders on our progress."
Statements that BGI may publish, including those in this
announcement that are not strictly historical, are
"forward-looking" statements made under the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently unreliable and actual
results may vary. Factors which could cause actual results to
differ from these forward-looking statements include but are not
limited to changes in the competitive marketplace, changes in the
regulatory environment and economic conditions. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. About BGI, Inc. BGI, Inc.
(http://www.bgicorp.com) is a gaming company that designs,
distributes and markets sweepstakes-driven gaming products. The
Company's primary products -- the Charity Station sweepstakes
machine and the Lucky Strike Phone card machine -- use a
sweepstakes game as an incentive to help non-profit organizations
raise funds and sell phone cards, respectively. BGI, Inc. was
founded in 1994 and has offices in Austin, Texas. The Company
currently trades on the OTC Pink Sheets under the symbol BGII. -0-
*T CORPORATE CONTACT Bill Schwartz BGI, Inc. 3211 W. Rundberg,
Suite 175 Austin, TX 78758 Phone: 512-335-0065 Fax: 512-335-0078
Web: www.bgicorp.com *T
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