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Electronic Game Card Provides Update on Recent Developments
IRVINE, Calif. and LONDON, March 5 -- Electronic Game Card, Inc. ("EGC") (BULLETIN BOARD: EGMI) , today stated, in regards to the temporary suspension of trading of its stock on February 19, 2010, that it believes that there will be no material change to the Company's net asset value upon the completion of the review of its financial statements by its independent accountant.
About Electronic Game Card, Inc.
Electronic Game Card, Inc., (BULLETIN BOARD: EGMI) , develops, produces and markets innovative games to the casinos and lottery, toys and games, education, and promotional industry worldwide. The Company's lead product is the EGC Electronic GameCard(TM), a unique credit card-sized pocket game combining patent and patent-pending proprietary technology of interactive capability with "instant win" excitement. The "EGC Electronic GameCard(TM)" can be programmed to suit a variety of gaming and promotion applications.
For further information please visit http://www.electronicgamecard.com
This news release contains disclosures that are forward-looking statements. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "continue," "efforts," "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "strategy," "will," "goal," "target," "prospects," "potential," "optimistic," "confident," "likely," "probable" or similar expressions. These forward-looking statements are based on current expectations or beliefs and include, but are not limited to, statements about maximizing gross profit dollars, the Company's potential to achieve top and bottom line growth. Statements of historical fact also may be deemed to be forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others: the company's ability to meet its obligations under existing and anticipated contractual obligations; the company's ability to develop, market, sell and distribute desirable applications, products and services and to protect its intellectual property; the ability and willingness of third-party manufacturers to timely and cost-effectively fulfill orders from the company; the ability of the company's customers to pay and the timeliness of such payments, particularly during recessionary periods; the company' ability to obtain financing as and when needed; changes in consumer demands and preferences; the company's ability to attract and retain management and employees with appropriate skills and expertise; the impact of changes in market, legal and regulatory conditions and in the applicable business environment, including actions of competitors; and other factors as may be discussed in the documents filed by the company with regulatory authorities, including without limitation, EGC's annual report on Form 10-K for December 31, 2008 filed with the Securities and Exchange Commission and any other filings that identify important risk factors that could cause actual results to differ from those contained in forward-looking statements. The company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Linden Boyne
Interim Chief Financial Officer
Electronic Game Card, Inc.
(866) 924-2924
investor.relations@electronicgamecard.com
Source: Electronic Game Card, Inc.
CONTACT: Linden Boyne, Interim Chief Financial Officer, Electronic Game
Card, Inc., 866-924-2924, investor.relations@electronicgamecard.com
Web Site: http://www.electronicgamecard.com/
Electronic Game Card Provides Update on Recent Developments
IRVINE, Calif. and LONDON, March 5 -- Electronic Game Card, Inc. ("EGC") (BULLETIN BOARD: EGMI) , today stated, in regards to the temporary suspension of trading of its stock on February 19, 2010, that it believes that there will be no material change to the Company's net asset value upon the completion of the review of its financial statements by its independent accountant.
About Electronic Game Card, Inc.
Electronic Game Card, Inc., (BULLETIN BOARD: EGMI) , develops, produces and markets innovative games to the casinos and lottery, toys and games, education, and promotional industry worldwide. The Company's lead product is the EGC Electronic GameCard(TM), a unique credit card-sized pocket game combining patent and patent-pending proprietary technology of interactive capability with "instant win" excitement. The "EGC Electronic GameCard(TM)" can be programmed to suit a variety of gaming and promotion applications.
For further information please visit http://www.electronicgamecard.com
This news release contains disclosures that are forward-looking statements. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "continue," "efforts," "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "strategy," "will," "goal," "target," "prospects," "potential," "optimistic," "confident," "likely," "probable" or similar expressions. These forward-looking statements are based on current expectations or beliefs and include, but are not limited to, statements about maximizing gross profit dollars, the Company's potential to achieve top and bottom line growth. Statements of historical fact also may be deemed to be forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others: the company's ability to meet its obligations under existing and anticipated contractual obligations; the company's ability to develop, market, sell and distribute desirable applications, products and services and to protect its intellectual property; the ability and willingness of third-party manufacturers to timely and cost-effectively fulfill orders from the company; the ability of the company's customers to pay and the timeliness of such payments, particularly during recessionary periods; the company' ability to obtain financing as and when needed; changes in consumer demands and preferences; the company's ability to attract and retain management and employees with appropriate skills and expertise; the impact of changes in market, legal and regulatory conditions and in the applicable business environment, including actions of competitors; and other factors as may be discussed in the documents filed by the company with regulatory authorities, including without limitation, EGC's annual report on Form 10-K for December 31, 2008 filed with the Securities and Exchange Commission and any other filings that identify important risk factors that could cause actual results to differ from those contained in forward-looking statements. The company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Linden Boyne
Interim Chief Financial Officer
Electronic Game Card, Inc.
(866) 924-2924
investor.relations@electronicgamecard.com
Source: Electronic Game Card, Inc.
CONTACT: Linden Boyne, Interim Chief Financial Officer, Electronic Game
Card, Inc., 866-924-2924, investor.relations@electronicgamecard.com
Web Site: http://www.electronicgamecard.com/