BGII BGI Inc (GM)

BGI, Inc. (Pink Sheets:BGII) today announced that at least 3 of the Company�s bank accounts have been frozen with balances of approximately $300,000 by the Internal Revenue Service. The Company has been provided very little information, however; it appears the Company�s cash depositing practices are being investigated. The Company makes timely periodic income tax and payroll tax payments. The Company will provide more information as details become known. 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. BGI, Inc. 3211 W. Rundberg, Suite 175 Austin, TX 78758 BGI, Inc. (Pink Sheets:BGII) today announced that at least 3 of the Company's bank accounts have been frozen with balances of approximately $300,000 by the Internal Revenue Service. The Company has been provided very little information, however; it appears the Company's cash depositing practices are being investigated. The Company makes timely periodic income tax and payroll tax payments. The Company will provide more information as details become known. 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. -0- *T BGI, Inc. 3211 W. Rundberg, Suite 175 Austin, TX 78758 *T