NEW YORK and LONDON, Oct. 10, 2006 (PRIMEZONE) -- Electronic Game Card, Inc. (OTCBB:EGMI), the creator of the Electronic GameCard, today reported that Aspers Group Limited has signed an agreement to use EGMI's Electronic GameCards for a promotion at its casino in Newcastle during the current fourth quarter.
Aspers Newcastle which opened in October 2005, is located in 'The Gate', a large, modern leisure complex in the heart of the city. Aspers at the Gate is the market leading gaming venue in the north east of England and is one of the U.K.'s largest and most successful casinos, with over 45,000 square feet of space. It offers American roulette, blackjack, three card poker and Punto Banco as well as 110 slot machines with jackpots from EUR500 to EUR4000. There are also 60 automated roulette terminals that are linked to the live tables and a busy 150 player poker room which holds tournaments almost daily. Other facilities include an upscale restaurant, several bars, a mini-spa and a VIP Club.
Aspers is in the process of building and developing a number of further casinos in prime sites in chosen markets in the U.K., such as Swansea, Northampton, Bournemouth and elsewhere. Aspers is also competing for a number of the new casino licenses to be created under the UK government's recent legislative modernization.
A spokesperson for Electronic Game Card, Inc. commented, "We are delighted that Aspers has become the first U.K. casino operator to use our Electronic GameCards in a promotion. The innovative application of the GameCards underlines the dynamic approach undertaken by Aspers in its marketing and promotions.
For Electronic GameCards this order continues the current success in the casino sector as we are now receiving continued interest from this significant global market."
About Electronic Game Card. Inc.
Electronic Game Card Inc., (OTCBB:EGMI), develops, produces and markets innovative games to the lottery, casino, and promotional industry worldwide. The Company's lead product is the EGC GameCard, a unique credit card-sized pocket game combining proprietary technology of interactive capability with "instant win" excitement. The "Electronic GameCard" can be programmed to suit a variety of gaming and promotion applications. EGMI's client base is across the $100 billion global market of state and national lotteries, Gaming and Casinos, Indian Gaming and the expanding sales promotion and incentive markets. EGMI develops sales and marketing relationships with agents globally and has a joint venture with a major lottery focused U.S. listed corporation which owns approximately 8% of the EGMI common stock. For further information please visit www.electronicgamecard.com
July 2005, the Public Gaming Research Institute (PGRI) named the Electronic GameCard(tm) as a 2005 Lottery Product of the Year during its conference in Las Vegas. The PGRI award recognizes the importance of new products to the growth and continuing success of worldwide lotteries.
About Aspers:
Aspers Group Limited is headquartered in London. In addition to its existing operational casinos in Mayfair and Newcastle, Aspers' development portfolio comprises a number of strategically located high quality leisure, entertainment and gaming projects around the U.K. These include the well publicized projects in Swansea, Northampton and Bournemouth.
Aspers is also competing for a number of the new licenses to be issued under the Gambling Act 2005, most notably in Cardiff, where the Group won the international competition to be the operator of a proposed regional casino on the Sports Village site in Cardiff Bay.
Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission.