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VirtGame Chooses Sense Holdings Inc. to Defeat Fraud and Underage Access

Discussion in 'Casino Industry Discussion' started by mary, Jan 23, 2002.

    Jan 23, 2002
  1. mary

    mary Dormant account

    VirtGame Chooses Sense Holdings Inc. to Defeat Fraud and Underage Access
    Related Quote
    VGTI.OB 0.51 -0.03
    delayed 20 mins - disclaimer
    Quote Data provided by Reuters





    Tuesday January 22, 7:30 am Eastern Time
    Press Release
    SOURCE: VirtGame Corp.
    VirtGame Chooses Sense Holdings Inc. to Defeat Fraud and Underage Access
    VirtGame to Deploy SenseMe Biometric Solutions for Underage Access Control and Fraud Control
    SAN DIEGO--(BUSINESS WIRE)--Jan. 22, 2002--VirtGame Corp. (OTCBB:VGTI - news), a premier provider of Next Generation Technology to the Gaming and Lottery Industries, today announced that it has signed an agreement with Sense Holdings Inc./Sense Technologies Inc. (OTCBB:SEHO - news), a leading provider of biometric and micro-sensor identification systems that improve and secure many business processes, to integrate into VirtGame's products to defeat fraud and underage access to restricted sites.

    This integration will enhance VirtGame's ability to defeat player fraud and underage access.

    VirtBorder Control provides a multilayer approach to jurisdictional control, offering online gaming properties the ability to comply with legal gaming jurisdictions, as well as protect against fraud and underage control. Combined with SenseMe technology, VirtGame enhances its ability to defeat fraud and underage access to customer accounts.

    ``By integrating best-of-breed technologies like Sense into VirtGame products, VirtGame has created a system that offers 99.99 percent accuracy in controlling fraud and under age access. No other product on the market offers our truly integrated system of geo intelligence, fraud control and underage access control,'' said Scott Walker, CEO, VirtGame Corp.

    According to Dore Perler, president and CEO of Sense Holdings Inc., the ability to control both fraud and underage access can be a major hurdle for online gaming companies.

    ``Our SenseMe technology can help companies like VirtGame abide by all of the legal restrictions surrounding online gaming, allowing them to offer a compliant and compelling gaming solution,'' Perler added.

    About VirtGame Corp.

    VirtGame technology provides a comprehensive, scalable and customizable platform for Internet gaming for any legal jurisdiction. It leverages most of the varied forms of gaming products ... back-office to front office ... with the resultant product of total integration. It is a New Economy product permitting clients to service their customers with the brain rather than their hands. This one source application is a powerful tool that offers gaming clients exactly what they need to succeed in today's and more importantly tomorrow's environment. VirtGame's VirtBorderControl technology is the most accurate jurisdictional software on the market today, providing protection against fraud and underage access. VirtGame is headquartered in San Diego. Visit www.virtgame.com for more information.

    About Sense Holdings Inc.

    SENSE Holdings Inc./Sense Technologies Inc. (www.senseme.com) is a leading provider of biometrically secure authentication and identification systems, and a leading micro-sensor explosives detection research and development organization. It holds patents and intellectual property that enable explosives detection and biometrically secure authentication and identification systems. SENSE integrates advanced biometric and microelectromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.

    SENSE is actively seeking partners to expedite the integration of its explosives detection and biometric authentication and identification technologies into aviation, banking and finance, food preparation, gaming, health care, hotel, insurance, law enforcement, manufacturing, military, public safety, security, restaurant, retail, and transportation applications -- with industry-specific calibration.

    For more information, contact Dore Perler, CEO and co-founder of SENSE Holdings Inc., 7300 W. McNab Road, Suite 117, Tamarac, FL 33321; Telephone: 877/SENSEME (736-7363) and 954/726-1422; E-Mail: This email is not visible to you.; Visit www.senseme.com for more information.

    This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. When used in this news release the words ``believe'', ``expect'', ``anticipate'', ``estimate'', ``intend'' and similar expressions are intended to identify forward looking statements. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission and subsequently filed SEC reports. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.


    --------------------------------------------------------------------------------
    Contact:

    VirtGame Corp.
    Rita Macdonald, 650/444-7900
    EVP, Business Developemnt
    This email is not visible to you.
     
  2. Apr 28, 2002
  3. mary

    mary Dormant account

    Thursday April 18, 7:32 am Eastern Time
    Press Release
    SOURCE: VirtGame Corp.
    VirtGame Completes Private Placement Equity Financing With 3 Partnerships Managed by ICM Asset Management, Inc.
    SAN DIEGO, April 18 /PRNewswire-FirstCall/ -- VirtGame Corp. (OTC Bulletin Board: VGTI - news), a Provider of Computer Server Platforms and Integrated Software Products for the Gaming and Lottery industries, announced today that it has completed a private placement straight equity funding with three partnerships managed by ICM Asset Management.

    VirtGame's COO and CFO, Bruce Merati, said, ``We are pleased to see our approach in developing an integrated solution for the interactive gaming and lottery industries is getting recognition by a high quality institution such as ICM Asset Management.''

    ``We see interactive gaming in a legal and regulated format to be a major growth factor for the land based gaming companies and state and national lotteries and believe VirtGame has positioned itself to take advantage of these opportunities'', commented Jim Simmons ICM's President and CIO.

    About ICM Asset Management, Inc.

    Founded in Spokane, Washington, in 1981, ICM has grown to over $2.3 billion in assets under management. The employee and family owned firm offers small, small- to mid-cap and large-cap equity and fixed-income investment products and manages assets for corporations and businesses, high net worth individuals, Taft-Hartley and other pension plans, foundations and endowments, and public funds.

    About VirtGame

    VirtGame is a Provider of Computer Server Platforms and Integrated Software Products for the Gaming and Lottery industries, developing jurisdictional screening technology and integration of other technologies such as age verification, security and authentication. VirtGame has built a comprehensive, scalable and customizable platform for e-gaming within any legal jurisdiction. It leverages most of the varied forms of gaming products ... back-office to front-office ... with the resulting product capable of total integration. It is a New Economy product permitting clients to service their customers with the most innovative technology available. This one source application is a powerful tool that offers gaming and lottery clients exactly what they need to succeed in not only today's, but, more importantly, tomorrow's environment. Visit You must register/login in order to see the link. for more information.

    This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. When used in this news release the words ``believe'', ``expect'', ``anticipate'', ``estimate'', ``intend'' and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission and subsequently filed SEC reports. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.

    SOURCE: VirtGame Corp.
     
  4. Nov 19, 2002
  5. mary

    mary Dormant account

    Press Release Source: VirtGame Corp.


    VirtGame Receives License as Manufacturer and Distributor in Nevada
    Friday October 25, 12:55 pm ET


    SAN DIEGO--(BUSINESS WIRE)--Oct. 25, 2002--VirtGame(TM) Corp. (OTCBB:VGTI - News), a networked gaming software provider to the regulated gaming and lottery industries, announced today it received a manufacturer's and a distributor's license from the Nevada Gaming Commission.
    ADVERTISEMENT


    The license was limited to 18 months and will be reviewed in April 2004.

    In addition, VirtGame was found suitable as a manufacturer and a distributor of Associated Equipment.

    VirtGame had obtained an Associated Equipment approval from the Nevada Gaming Control Board in October 2000 for the first closed-loop sports wagering system in Nevada. Closed-loop systems are controlled-access private computer networks. VirtGame's closed-loop system has been used by Coast Resorts, and its sports wagering software has powered the over-the-counter operation at the Las Vegas Club for more than three years.

    The Nevada gaming license approved today is an important milestone in VirtGame's overall strategy. VirtGame is working toward offering a complete software solution and pari-mutuel services package to race and sports books in Nevada, and deploying race-and-sports-themed games of chance into casino race and sports book areas. These games would provide wagering opportunities during less active periods when no or limited horse racing or sporting event wagering is available.

    "This is an important step toward the future of regulated networked gaming," said VirtGame's president and CFO, Bruce Merati. "We have meticulously developed and tested what may be the most technologically advanced, secure and realistic casino-style gaming platform. We believe our software and Power Station can significantly enhance the revenue of the race and sports book areas of any casino and make them better profit centers."

    Subject to future regulatory approvals and licensing, VirtGame SP(TM), the company's proprietary server-based platform, can enable casino operators to offer customers: 1) cutting-edge gaming terminals anywhere on the casino floor, 2) remote wagering via kiosks and wireless devices, and 3) home wagering via closed-loop systems or other private networks.

    The Nevada license approved for VirtGame covered the design, development, testing and delivery of a software and hardware system for a server-based gaming platform for use in race and sports book areas. VirtGame is about to present its business plan and system to the Gaming Control Board for review and approval.

    VirtGame's ability to deliver its innovative wagering system is attributable to its open technology server-based architecture integrating innovations from Microsoft, Sun Microsystems Java, Macromedia Flash and streaming technologies. In addition, its flexible "back-office" and scalable "front-end" technologies support multiple operating systems, are compatible with major commercial databases and can utilize almost any computer as a client.

    The company's software can be deployed over a computer or through VirtGame's own Power Station(TM), a futuristic multi-purpose gaming station which is in development. This would enable a bettor, directly from a single Power Station or a computer, to wager on sporting events, watch live sporting events and play wagering games of chance such as casino games, video poker and slot machine games.

    On Oct. 1, 2002, VirtGame announced it was coordinating its software platform with the Nevada racing hub owned and operated by Las Vegas Dissemination Co. (LVDC) and integrating the technology with existing terminal hardware. On Aug. 6, 2002, VirtGame announced it had signed a five-year agreement with LVDC making LVDC the exclusive distributor of VirtGame's race and sports book software within Nevada.

    About VirtGame Corp.

    VirtGame Corp. is a networked software provider to the Gaming and Lottery industries, that has built the VirtGame SP(TM), a comprehensive, scalable and customizable gaming platform. It leverages most of the varied forms of gaming products ... back-office to front-office ... with the resulting product capable of total integration. It is a product permitting clients to service their customers with the most innovative technology available. This one source application is a powerful tool that offers gaming and lottery clients exactly what they need to succeed in not only today's, but, more importantly, tomorrow's environment. Visit You must register/login in order to see the link. for more information.

    Safe Harbor Statement

    This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. When used in this news release the words "believe," "expect," "anticipate," "estimate," "intend" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission and subsequently filed SEC reports. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.

    Trademarks

    VirtGame, VirtGame SP and VirtGame Power Station are trademarks or registered trademarks of VirtGame Corp. All other trademarks or registered trademarks are the property of their respective holders.

    For More Information

    To ensure VirtGame provides accurate and appropriate information on a uniform basis about this announcement, the company will accept and reply to questions via e-mail only. We are sensitive to editorial deadlines and will strive to provide an e-mail reply to all questions within one hour of receipt.



    --------------------------------------------------------------------------------
    Contact:
    VirtGame Corp.
    Bruce Merati, 858/373-5001
    This email is not visible to you.
    or
    Purdue, Marion & Associates
    Michele Voelkening, 702/222-2362
    This email is not visible to you.



    --------------------------------------------------------------------------------
    Source: VirtGame Corp.
     

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