BGI Comments on Alabama Supreme Court Decision
December 04 2006 - 1:28PM
Business Wire
BGI, Inc. (Pink Sheets:BGII) today announced that on December 1,
2006, the Alabama Supreme Court issued an opinion in the case of
Barber v. Jefferson County Racing Association, Inc., Docket No.
1050857 (Ala., Dec. 1, 2006), reversing and rendering judgment in
favor of District Attorney Barber (the "Alabama Supreme Court
Opinion"). This decision reverses a lower court decision that the
sweepstakes game operated at a Birmingham Alabama racetrack was
legal under Alabama law. That decision was the basis for the
Company operating its sweepstakes games throughout Alabama. The
Alabama Supreme Court Opinion will not become a final, enforceable
judgment until certain procedural time periods have elapsed,
including a period of fourteen days for the filing of an
application for rehearing. At present, the Company and its legal
counsel are analyzing the Alabama Supreme Court Opinion and the
Company's alternatives as a result of the ruling. Ultimately, the
Alabama Supreme Court Opinion could result in the Company ceasing
operations in Alabama. 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 on December 1, 2006,
the Alabama Supreme Court issued an opinion in the case of Barber
v. Jefferson County Racing Association, Inc., Docket No. 1050857
(Ala., Dec. 1, 2006), reversing and rendering judgment in favor of
District Attorney Barber (the "Alabama Supreme Court Opinion").
This decision reverses a lower court decision that the sweepstakes
game operated at a Birmingham Alabama racetrack was legal under
Alabama law. That decision was the basis for the Company operating
its sweepstakes games throughout Alabama. The Alabama Supreme Court
Opinion will not become a final, enforceable judgment until certain
procedural time periods have elapsed, including a period of
fourteen days for the filing of an application for rehearing. At
present, the Company and its legal counsel are analyzing the
Alabama Supreme Court Opinion and the Company's alternatives as a
result of the ruling. Ultimately, the Alabama Supreme Court Opinion
could result in the Company ceasing operations in Alabama.
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
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