SAN DIEGO, Feb. 9, 2004 (PRIMEZONE) -- VirtGame Corp., (OTCBB:VGTI), a provider of innovative server-based networked gaming software solutions to the regulated gaming and lottery industries, announced today that it will make a presentation of its investment opportunity and latest corporate developments at the National Investment Banking Association's (NIBA) annual Las Vegas conference on February 12 and 13, 2004. The event, which brings institutional investors, brokers, and investment bankers together with presenting public and pre-IPO companies, is being held at the MGM Grand in Las Vegas.
"We are looking forward to sharing our story with the investment professionals at NIBA's Las Vegas conference. VirtGame is in a position to lead the shift into digital delivery of gaming. We believe the more investors know the industry, the better they are able to recognize our initiatives and inroads into gaming," stated VirtGame CEO, Mr. Bruce Merati.
The National Investment Banking Association (NIBA) is a national organization of regional and independent broker-dealers and investment banking firms that are dedicated to developing an organization of substantial, reputable firms that are committed to creating a standard of quality to enhance each individual member and improve conditions in their industry.
For more information on the specific time and date of VirtGame's presentation, please contact Ms. Laurel Moody at 212-440-5000 or laurel@skyir.com
About VirtGame Corp.
VirtGame Corp. is a provider of innovative server-based networked gaming software solutions to the Gaming and Lottery industries. The Company has built the VirtGame SP(TM), a comprehensive, scalable and customizable gaming platform. VirtGame's server-based products, when used in combination, and individually, create greater efficiencies, reduce costs, and increase revenues for regulated casinos and lottery operations. For more information, please visit www.virtgame.com or contact Bruce Merati at (858) 373-5001 or bmerati@virtgame.com, or Laurel Moody at Sky Investor Relations at 212-440-5000 or laurel@skyir.com for more information.
Safe Harbor Statement
The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, statements regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) expected revenue and earnings growth; (2) estimates regarding the size and our penetration of target markets; (3) adequacy of available working capital. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) our receipt of adequate working capital as required, (2) our auditors' qualification of their report on our financial statements as to doubts about our going concern, (3) the early stage of development of the market for software for the regulated gaming industry, (4) lack of market acceptance to date for the Company's products and services, (5) our receipt of nominal revenues to date, (6) our continuing losses from operations to date, and (7) federal and state regulation of our business. These forward-looking statements are made as of the date of this release, and the company assumes no obligation to update such forward-looking statements. Refer to the company's Form 10-KSB for the year ended December 31, 2002 filed with the Securities and Exchange Commission for more information, as well as other filings including the company's Form 10-QSB quarterly reports.