- From: <user33927827@mail.telepac.pt>
- Date: Thu, 11 Mar 1999 19:15:40
- To: <chris@w3.org>
Dear Fellow Investor:
Here is our latest company that we want to profile for you.
The name of the company is:Las Vegas Entertainment, Inc.
The company trades on the NASDAQ under the symbol: LVEN.
The reason we are bringing the company to your attention at
this time is they have just made a major announcement.
LAS VEGAS ENTERTAINMENT NETWORK TO FINALIZE BAZILIAN
DISTRIBUTION AGREEMENT.
LAS VEGAS, NV. March 10, 1999: Las Vegas Entertainment Network,
Inc (NASDAQ: LVEN), a communications and gaming entertainment
company, announced today that it is in the final negotiations
with a multi-national gaming company to obtain an exclusive
distributor agreement to purchase electronic bingo machines
for distribution in Brazil.
The gaming company is a leading manufacterer of electronic gaming
machines and will provide an exclusive sales agreement to LVEN
subject to a minimum purchase order. LVEN expects the machines
will meet the new Brazilian regulatory requirements and expects
prompt government approval. Additionally, LVEN has an agreement
with MG Marketing, PromocoesE Eventos Ltda, a leading Brazilian
bingo marketing company, to aid with the placement of the bingo
machines.
Casino Co., a wholly owned subsidiary of LVEN, will be the
operating
entity responsible for the implementation of the Brazilian bingo
business. Joseph A. Corazzi, President and CEO of LVEN said
"this agreement and relationship with a major gaming company
operating
there (in Brazil) will help assure a successful implimentation of
the
operation".
LVEN announced its intention of selling up to 10,000 bingo
machines
in Brazil as early as the third quarter of 1999. Now that the
Brazilian
economy as stabilized, LVEN plans to move forward with the
project
within the next 60 days.
This news prompts us here at Profit 2000 to bring LVEN to your
attention.
Do your own investigation. Talk to your analyst. We believe the
future
looks for this very healthy company.
Thanks for your responses. Remember, we are here to serve you and
the
small cap market place.
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Received on Friday, 12 March 1999 01:52:19 UTC