LAS VEGAS, Aug. 14, 2003 (PRIMEZONE) -- Innovative Gaming Corporation of America (IGCA) today announced that it has filed a Form 15 with the Securities and Exchange Act of 1934, (the "1934 Act").
Upon filing of the Form 15, IGCA is no longer required to file with the SEC certain reports and forms, including forms 10-K, 10-Q and 8-K as well as proxy statements.
The Board of Directors, after careful consideration, concluded that for IGCA the advantages of being a reporting company under the 1934 Act do not affect the costs and administrative burdens associated with SEC reporting requirements. In addition, the trading volume of IGCA's common stock has been extremely thin. The delisting is expected to become effective within 90 days of filing.
Certain Statements in this Press Release that are not historical in fact constitute "forward looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward looking statements involve risks and uncertainties and often depend on assumptions, data or methods that may be incorrect or imprecise. The company's future operating results may differ materially from the results discussed in, or implied by, forward looking statements made by the company.
More information on this company can be found on eWorldWire's Online Newsroom at:
HTML: http://newsroom.eworldwire.com/wr/081403/1602.htm
PDF: http://newsroom.eworldwire.com/pdf/081403/1602.pdf
ONLINE NEWSROOM: http://newsroom.eworldwire.com/1195.htm