Advanced Gaming Tech.

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International Guild of Hospitality & Restaurant Managers

Advanced Gaming Tech. (ADVI.OB)

24165 1H 10 West, Suite 217125
San Antonio, TX 67257

Phone: (210) 697-8550
Employees (last reported count): 1

Advanced Gaming Technology, Inc., incorporated in November 1963, is a provider of technology to the casino and hospitality industry. The Company's principal product is an electronic bingo system, the MAX Bingo System. The MAX Bingo Systems include three different products: MAXPLUS, Max Lite and TurboMAX. In addition, Advanced owns 22% of TravelSwitch, LLC, an Internet travel service provider. On August 26, 1998, Advanced Gaming Technology, Inc. and Branson Signature Resorts filed for reorganization in Las Vegas under chapter 11 of The United States bankruptcy code. The cases were jointly administered, and the Company continued to operate as debtor in possession. Advanced filed a plan of reorganization with the bankruptcy court in December 1998, and its plan and disclosure statement was approved by the court on March 22, 1998. The plan became effective on August 19, 1999.

The Company liquidated subsidiaries pursuant to its plan of reorganization confirmed by the United States Bankruptcy Court in the District of Nevada on June 30, 1999. These subsidiaries included Branson Signature Resorts, Inc., River Oaks Holdings, Inc., Branson Bluffs Resorts, Inc., Allied Resorts, Inc. and River Oaks Resorts and Country Club, Inc.

The MAXPLUS is a fixed-based electronic bingo system designed to increase bingo revenue at bingo halls, reduce administration costs and increase the excitement of play. MAXPLUS gives players the opportunity to electronically play up to 300 bingo cards simultaneously. Additionally, it tracks necessary financial and analytical information by providing a fully integrated accounting package.

The Max Lite Bingo system is a portable, hand-held electronic bingo unit that allows users to play up to 300 bingo cards per game. The unit offers many of the advantages of the MAXPLUS system in a lightweight wireless package. The Max Lite utilizes patented radio frequency technology to communicate with the caller console in a bingo hall. This feature, known as autodaub, instantly marks the numbers on all bingo cards as they are called.

TurboMAX is a pari-mutuel electronic bingo system that has five progressive jackpots with five different patterns for each game. A percentage of player purchases can be allocated toward a jackpot, which allows a jackpot to be offered on every game. This high-speed bingo game can be played every 45 to 60 seconds.

In January, 2000 the Company acquired a 22% investment in TravelSwitch, LLC, an Internet travel services provider. Advanced provides room reservations for the Las Vegas market through the Internet addresses, www.TravelSwitch.com and www.PlayVegas.com. TravelSwitch also operates Speedway Travel, a travel agency specializing in NASCAR events, and Imperial Travel, a full-service travel agency. TravelSwitch has incurred substantial losses since inception. The book value and perceived fair market value of this investment is 0 at December 31, 2001. The Company does not expect that this investment will produce cash flow in the near future.

Advanced also has wholly owned subsidiaries that are inactive. These subsidiaries include Executive Video Systems, Inc., Palace Entertainment Limited, Prisms, Inc., Pleasure World Ltd., and its subsidiary Prisms (Bahamas) Ltd. and A.G.T. Acceptance Corp.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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