& G2/ZINGO Sales Joint Venture, Buffalo Bingo, Takes 100% Management Control of Bingo Gaming Operation in Wyoming
Tuesday December 2, 10:02 am ET
BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Dec. 2, 2003--T & G2 (OTCBB:TTGG - News; Berlin:TG6 - News; Frankfurt:TG6) (WKN: 812 894) announced today that its wholly-owned subsidiary, Zingo Sales, Ltd. (ZINGO) through Buffalo Bingo (see press release of September 15, 2003) gains a controlling interest in the management of a bingo Facility in the Northwest of the United States. The 50-50 joint venture with a west coast based gaming company, formed a company called "Buffalo Bingo". Buffalo Bingo was set up to manage bingo facilities in areas that should provide lucrative returns to TTGG.
Buffalo Bingo was able to obtain a 2-year management contract in this bingo facility in Wyoming. This new ownership interest diversifies Zingo's income and leads management to believe that revenue and income forecasts for 2004 will be increased. In January, Zingo will provide revenue forecasts for the first quarter and the entire year of 2004.
Buffalo Bingo strengthens Zingo's relationships with certain charities that operate bingo games and should lead to better distribution of Zingo's products throughout the gaming industry. Zingo will now receive a management fee from all phases of this Wyoming gaming operation. Zingo will now earn income from other machines in the facility. A truly win-win situation for Zingo/TTGG.
James M. Farinella, T&G2's Chief Executive Officer stated, "The Buffalo Bingo joint-venture adds a new source of monthly cash flow and will lead to greater profits from our electronic bingo gaming units in facilities under the management of this joint venture."
NewsFlash Hebt diese Aktie bald ab? Größtes Wolfram-Portfolio der USA vor der Neubewertung!? 
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