suedunnell wrote: Hi Again - I should add my name to comment #1 above and ask that if anyone has questions, they can either post them here or ask me directly:
Sue Dunnell
PowerBuilder Product Manager
978 287 1752
sue.dunnell@sybase.com
LAS VEGAS, NV -- (MARKET WIRE) -- 02/07/06 -- Interactive Games Inc. (OTC BB: IGAM) a
developer and licensor of specialty slot machine and mobile entertainment
software to the casino gaming and wireless entertainment industry today
announced plans to enter the AWP redemption market under which the company
will begin producing its proprietary brand of video redemption gaming
terminals by March 06'. The Company will brand the games as "Interactive
Video Redemption Terminals" or "IVRs" for locations throughout South
Florida in adult arcades, amusement centers as well as existing operations
through participating state operators.
"The video redemption market has seen a remarkable increase, especially
with recent legislation in Florida and additional states for Class III, or
Las Vegas style gaming at paramutual facilities. Our games will cater to
those who may not frequently travel to the horse and dog track to play, but
to their local shopping centers seeking the safe and friendly environment
of a recreation or amusement center," stated Michael Friedman spokesperson
for Interactive Games. The Interactive redemption games will have similar
"look and play" as video slots machines, but will be designed for "skilled
play" with redemption gift payouts as set forth under Florida state statute
guidelines.
"Our game design team based in Las Vegas, has developed some of the most
popular games and slot machine titles played in most casinos across
America. We plan to bring new and engaging content to our own platform and
operator locations that we believe will compete and with what is already
within the redemption marketplace. Our goal would be to place at least 350
to 500 machines over the next 4 months between 4 or 5 operators. Typically,
these machines in popular locations will hold anywhere from $40.00 to
$80.00 a day or higher. Interactive Games would receive up to 30% per day
for participation, placement and maintenance for our operator locations. We
have indications of three new operations now, with the first to be open
sometime in March 06. Our production of the IVRs can begin at approximately
100 machines per week as needed using gaming software of popular titles,
and new redemption games and titles beginning in March 06 as well," stated
Friedman.
About Interactive Games
Interactive Games Inc., http://www.interactivegamesinc.com, is a developer
and licensor of interactive casino technologies and mobile gaming
applications. Interactive Games has entered into license and distribution
agreements with Ed McMahon for the Interactive Games "Million Dollar
Madness Class III Slot Machine," Best Bet Media, Global Gaming, 9 Squared
Inc. and other third-party manufacturers and distributors, in which the
company has the right to market, sublicense and distribute gaming and
mobile entertainment products under the Interactive Games brand.
Risk Factors and Forward-Looking Statements
This news release contains various "Forward-Looking Statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 that are intended to be covered by the safe
harbors created thereby. Statements made in this release which are not
historical in nature, including but not limited to statements using the
terms "may," "expect to," "believe," "should," "anticipate," and other
language using a future aspect, are referred to as forward-looking
statements, should be viewed as uncertain and should not be relied upon.
Although our management believes that the results reflected in or suggested
by these forward-looking statements are reasonable, all forward-looking
statements involve risks and uncertainties and actual future results may be
materially different from the expectations expressed in such
forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include those
set forth in the Company's annual report on Form 10-KSB for the year
ended July 31, 2005, and in other filings made, from time to time, by the
Company with the Securities and Exchange Commission, including the
Company's Registration Statement on Form SB-2.The forward-looking
statements contained herein speak only as of the date when made and the
Company does not undertake to update such statements.