BGII BGI Inc (GM)

BGI, Inc. (Pink Sheets:BGII) today announced unaudited earnings for the three months ended June 30, 2006. Revenue decreased 5% to $1,204,049. Net Income decreased from $343,051 in the second quarter of 2005 to $158,170. Basic earnings per share decreased to $0.03 to $0.01. Bill Schwartz, President and CEO, commented, "Unfortunately the combination of increasing competition and the redeployment of equipment from lesser performing locations to what we believe will be higher performing locations has impacted both revenue and expenses during the second quarter. The challenging environment has continued into the third quarter with the hot dry summer contributing to higher seasonal fluctuation than we have seen in prior years." Statements that BGI may publish, including those in this announcement that are not strictly historical, are "forward-looking" statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may vary. Factors which could cause actual results to differ from these forward-looking statements include but are not limited to changes in the competitive marketplace, changes in the regulatory environment and economic conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About BGI, Inc. BGI, Inc. (http://www.bgicorp.com) is a gaming company that designs, distributes and markets sweepstakes-driven gaming products. The Company's primary product -- the Lucky Strike Phone card machine -- uses a sweepstakes game as an incentive to sell phone cards. BGI, Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the OTC Pink Sheets under the symbol BGII.