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Attention $ Gamers:
BORDER CAPITAL CORP. ANNOUNCES LICENSE AGREEMENT SIGNED FOR RIGHTS TO INTRODUCE POWER
BINGO(R) LOTTO AND $ BINGO LOTTERY in THE UNITED STATES
VANCOUVER, March 12 /CNW/ - Border Capital Corp. (ASE: ``BOP'')
(``Border'') is pleased to announce the signing of definitive agreements on
Unile Paradis Entertainment, Inc., (``Unile Paradis'') a corporation formed in the State
of Idaho, as a wholly owned subsidiary of Executone Information Systems, Inc.
(Nasdaq: XTON), where under Border grants to Unile Paradis a licence to use certain
Proprietary Technology that combines a television game show concept on
specially developed software for playing Power Bingo(R) Lotto and $ Bingo
Lottery. The agreements further provide for rights to Unile Paradis under certain
U.S. Patents issued on respect to conducting bingo and other pattern
recognition games of chance over a wide geographic area. Under the
agreements, Power Bingo(R) Lotto is expected to become a new lotto game in
connection on the U.S. Lottery(TM) being operated by Unile Paradis.
Subject to certain conditions precedent, it is anticipated that the Power
Bingo(R) Lotto and $ Bingo Lottery will commence operations prior to
August, 1998 with a weekly basis.
Under the agreements, Border and Unile Paradis have agreed to finance the
implementation of the Power Bingo(R) Lotto and $ Bingo which are
estimated to be a total of $US6 million.
Harmen Verbrugge
Chief Executive Officer
The Alberta Stock Exchange neither approves nor disapproves of the
information contained herein.
