Business Services Industry
Omicron Technologies, Inc. to Launch Asian Internet Gaming Website
Business Wire, June 10, 1999
BELLINGHAM, Wash.--(BUSINESS WIRE)--June 10, 1999--
Omicron Technologies, Inc. (OTC BB:OGPS) is pleased to announce the impending launch of the Lucky Eight Casino within 4-6 weeks, which will be targeting the Chinese speaking communities in Hong Kong, Mainland China, Singapore, Malaysia and Chinese communities in other countries.
Currently, the company has been working closely with a "Feng Shui" consultant who has been assisting in the design and development of the casino website. The name "Lucky Eight" is based on popular Chinese numerology in which the number eight is associated with "prosperity and fortune". This site will also be available in Japanese, Korean and five other languages and will be the first of many websites developed to target various market niches worldwide.
Many industry experts perceive the Asian market as "an untapped gold mine" in the online gaming industry. Internet use in the Asia Pacific Region is estimated at 30 million users for 1998, and growing exponentially by over 300% per year. Macromedia estimates current Internet users in China at 5 million. Computer Economics Inc. projects that by 2005, China will have 37.3 million Internet users, second only in usage to the United States. Furthermore, total gambling turnover in Asia is the highest in the world, surpassing six hundred billion dollars (US$600 billion) in 1997. The 1998 Casino and Gaming Business Market Research Handbook predicts that the worldwide Internet gaming market could reach US$100 billion in annual revenues by 2005.
The Lucky Eight Casino website will be translated into Chinese, Korean and Japanese and is intended for use by Asian web browsers and operating systems. Visitors to the website will be able to download casino software which includes an authentic Pai Gow Poker and an additional 21 machine and table games. Java versions of Blackjack, Slots, Video Poker, and Caribbean Stud will also be available.
Omicron Technologies Inc. is strongly committed to becoming a leader in the explosive online casino and gaming industry. Competitors in this industry include; Casinolive.com (OTC BB:YBET), Cryptologic (TSE:CRY.TO), GLC Limited (OTC BB:GLXW), Starnet Communications International Inc., GoCall Inc. (OTC BB:GOCA), GIC Global Entertainment Corp. (OTC BB:GGNC), Global Games Corporation (OTC BB:GLOW), Cybergames Inc. (OTC BB:CYGA), YouBet.com (OTC BB:UBET), and Atlantic International Entertainment Ltd. (OTC BB:AIEE).
Omicron Technologies, Inc. is also pleased to announce it has relocated its head office to 1310 N. State Street, Suite 100, Bellingham WA 98225.
For further information, please contact us toll free at:
Telephone: 877/903-2288
Website: www.omicrontechnologies.com
OMICRON TECHNOLOGIES, INC.
Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market compensation, risk inherent in the company's international operations, imprecision of reserve estimates and the company's ability to replace and expand reserves.
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