North American Gaming & Entertainment Corp.

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International Guild of Hospitality & Restaurant Managers

North American Gaming & Entertainment Corp. (OTC BB:NAGM.OB)

13150 Coit Road, Suite 125
Dallas, TX 75240

Phone: (972) 671-1133
Employees (last reported count): 2

North American Gaming and Entertainment Corporation, incorporated in 1969, currently is trying to locate and consummate a merger or acquisition with a private entity. On April 26, 2001, the Company entered into an option agreement with Energy Transfer Group, LLC (ETG) to acquire ETG Communications, Inc.

The Company was engaged, until August 20, 2001, in the video gaming business through its partial ownership of three operating companies: O.M. Operating, LLC (Operator), River Port Truck Stop, LLC (River Port), and Ozdon Investments, Inc. (Ozdon). Presently, the Company is no longer pursuing any business in the gaming industry. The Company currently has no sources of revenue and its cash flow needs are dependent on the collection of notes receivable resulting from the sale equity investments effective August 20, 2001.

The Gold Rush - Opelousas, Louisiana

The video poker casino and lounge at the Gold Rush contains approximately 1,752 square feet and 50 video poker devices. Operator's right to operate the casino, truck stop and restaurant at the Gold Rush was granted pursuant to a month-to-month lease with Ozdon, which was terminated by Ozdon; but pursuant to the Term Sheet, Ozdon is allowing Operator to continue to operate the casino, truck stop and restaurant at the Company's discretion. There are two other truck stops operating a total of approximately 85 video poker devices within 20 miles of the Gold Rush, and a Native American gaming casino approximately 35 miles from the Gold Rush.

Pelican Palace - Toomey, Louisiana

The video poker casino and lounge at the Pelican Palace contains approximately 2,200 square feet and 50 video poker devices. Operator's right to operate the casino and lounge is granted pursuant to the Operating and Financing Agreement previously discussed. There are eight other truck stops operating a total of approximately 370 video poker devices, and a racetrack operating approximately 350 video poker devices, within 20 miles of the Pelican Palace. The Lucky Longhorn, one of these truck stops, is also operated by Operator and is located across Interstate 10. Additionally, there is a Native American gaming casino operating approximately 40 miles from the Pelican Palace, and four riverboat casinos operating within approximately 25 miles.

Lucky Longhorn - Vinton, Louisiana

The Lucky Longhorn video poker casino contains approximately 3,000 square feet and 50 video poker devices within the Lucky Longhorn truck stop in Vinton, Louisiana, across Interstate 10 from the Pelican Palace. Operator has the exclusive right to place and operate video poker devices in the Lucky Longhorn for a period of 10 years (commencing August 2, 1992). There are eight other truck stops operating a total of approximately 370 video poker devices, and a racetrack operating approximately 350 video poker devices, within 20 miles of the Lucky Longhorn. Additionally, there is a Native American gaming casino operating approximately 40 miles from the Lucky Longhorn, and four riverboat casinos operating within approximately 25 miles.

River Port - Port Allen, Louisiana

River Port LLC has built an approximately 3,500 square foot video poker casino and bar and an approximately 4,710 square foot restaurant/convenience store on the land at an approximate cost of $2,000,000 (including equipment). The River Port video poker casino opened for business in August 2000. Operator operates the River Port Video Poker Casino pursuant to a device placement and operating agreement between River Port LLC and Operator.

Disclaimer:
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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