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Electronic Game Card, Inc. Signs Five-Year License Agreement for Distribution into Native American Indian-owned Casinos and Lotteries.

Publication: PR Newswire
Publication Date: 16-SEP-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Agreement calls for minimum fees over the five-year period of $10.25 million, beginning with first year payments of $1 million

LAS VEGAS, Sept. 16 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. (BULLETIN BOARD: EGMI) ("EGC"), announced today that it has signed a five-year license agreement containing established yearly minimum royalty payments with Arizona based Sovereign Game Cards, LLC ("Sovereign") for distribution of the EGC Electronic GameCard(TM) into Native American Indian-owned casinos within the United States and Canada.

Tom L. Darwin, founder and managing principal of Sovereign, with his affiliates and distributors has a 20-year history of service to the Native American Indian community, and has financed numerous projects, including Native American casinos. Mr. Darwin recently established Sovereign specifically to introduce, sell and distribute the...

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