|
free Paradis free free |
|
Attention free Gamers:
BORDER CAPITAL CORP. ANNOUNCES LICENSE AGREEMENT SIGNED FOR RIGHTS TO INTRODUCE POWER
BINGO(R) LOTTO AND free 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 free 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 free 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 free 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.