OMICRON TECHNOLOGIES INC., (Pink Sheets: OMCN)

Editors Note: 

At Stockupticks, we believe in technology. Once in a while, a company comes along that has done its homework. Testing. Marketing. Application. Ready for the marketplace. In today's issue, we feature a company that has done just that, Omicron Technologies, Inc.

Omicron has been investigating Internet-application possibilities for years. While other companies were rushing to market with no business model and letting absurd valuations skyrocket, Omicron was patiently testing products through extensive review that could become viable, long-lasting Internet applications. Omicron survived the burst of the Internet bubble and after significant testing on actual-use applications by real-life participants in simulated day-to-day operations, Omicron chose an age-old game that is known worldwide: BINGO.

As you will read below, Omicron spent a great deal of time and money developing its products to be 'proven- ready' when taken to market. We're not aware of any other publicly traded company that matches the level of sophistication that Omicron sites bring to this game on the Internet.  Just a click to the sample-site links listed below will convince you of that.  Read on ... You'll find that the Omicron sites are now ready to be commercialized with all the development risk gone.  In the near future, Omicron expects to bring its state-of-the-art Bingo sites to millions of avid Bingo players worldwide via the web.
 
 

THE PAST, PRESENT & FUTURE

Omicron Technologies, Inc., began operations in July, 1998.  The present emphasis at Omicron is to market 'Live' Bingo games to produce immediate revenue streams. Omicron is also in the business of acquisition, research & development, and marketing of leading-edge technologies and Internet-based business concepts. Through a combined strategy of focusing on specific marketing niches and development of its proprietary technologies, Omicron expects to gain significant market penetration in these areas. 

The company specializes in the delivery of live Internet content; specifically, the production and supply of entertainment such as Bingo. Omicron's business model is built around this evolution of technology: the convergence of the personal computer with television and other home entertainment platforms operated with the simple click of a mouse, game pad, or remote control. Bingo is just the beginning however. Any online gaming content that requires live video, live audio and live presentation is now within application feasibility studies because Omicron has already worked out the technology bugs to bring high-quality, interactive entertainment products to the Web. 

Omicron is the first site to incorporate "live" game play, from a bingo hall with video feed and chat, into the on-line gaming world. Unlike current Internet gaming sites that must rely upon software to "recreate" the game experience, Omicron Technologies is positioned to integrate the live game element. The Free Live Bingo site will offer several free games to an online player and then, if they choose, move them to one of the other sites where they pay-to-play. The Free Live Bingo site will be supported by advertising revenues. The Bingo Basement site will feature multiple games of 25 cents, 50 cents, $1 and $5. The two different versions of the FATCAT Bingo sites are theme-orientated sites where players can hold live chats during live games. 

Omicron Technologies will offer its users live Bingo entertainment from the comfort of there own home. The various bingo sites will operate in REAL TIME and generate revenues from selling bingo cards, upgrading free-site memberships to fee-based  memberships and from the placement of banner and pop-up advertisements.

REVENUES

In Omicron games, each player can purchase from 3 to 54 cards per game (the industry standard is 9 cards per game, costing between $.25 to $1 per card). There would be a minimum purchase of 18 cards per hour of play. 

There are 6 different games per hour, up to 24 hours a day, seven days a week.  The payouts are 40% per game with 10% going into a bonus game played once every hour. If there is no winner of the bonus jackpot, it is carried over to the next bonus game. 

On average, people play bingo twice a week for two to three hours per session, a usage profile that could increase from easier accessibility through the internet. 

For Example: With the average person playing twice a week, 2-3 hours per session, or about 5 hours per week; sold out games of 7,000 players would require 238,000 regular players (out of 250 million Bingo players worldwide). This would generate net revenues of  $63,000 per hour to Omicron after payouts.  Now that's potential!
 

WHO'S SIGNING ON

Bingo is one of the most popular forms of entertainment in North America. To date more than 250 Million people play bingo worldwide. With 544 Million current Internet users, on-line bingo is becoming one of the most popular on-line activities. 

Over the past few years the demographics of bingo players has dramatically changed, Baby Boomers now make up the largest group of bingo players. Baby
Boomers are considered to have the most disposable income and the highest ability to access the Internet.

This represents opportunity. According to International Gaming and Wagering Business (IGWB), Bingo is the most socially accepted form of gambling in the world with a 79% acceptability rate from the general public. The game is extremely popular in South American countries such as Brazil, and Argentina. Europeans also love bingo and countries such as Australia, South Africa and the Philippines are playing the game as well. 

Bingo is a game that crosses the boundaries of language and culture to reach all parts of the globe!

IGWB says that, in North America, on a per visit basis, Bingo is more popular than all Hollywood movies, rock concerts, professional sports and casinos combined! Bingo has evolved dramatically from the game that was perceived to be played by little old ladies in church basements on Tuesday nights. 

The bingo industry estimates that bingo is played by approximately 1- 2% of the population on any given night across North America. A Federal Study suggests that nearly 70% of Bingo players are between the ages of 18 and 44. 

Sources estimate that conservatively, more then $10 billion is waged annually on Bingo. In North America alone, there are more than 50,000 bingo halls in operation according to Two Jays Bingo Supplies, New Jersey. With over 500 million current internet users and on-line bingo becoming one of the most popular internet activities, management believes Omicron is very well positioned to build a profitable on-line bingo business delivered from a live bingo hall.

At each of the Web sites, there is an impressive group of resources to aid the bingo player and a FAQ list that will address any question a player might have.

How do I play Bingo? Is my account information confidential? How much does it cost to play? How many cards do I have to buy for each game? Can I keep the same cards from game to game? How long does a game last? Is there always a winner? What if more than one person has Bingo? How do I collect prizes? Do I owe taxes on Cash or Prizes? How old do I have to be to play FATCAT BINGO? How do I know that my credit card number is secure?

B-22 ... BINGO !!!

The Omicron Bingo sites are 100% owned. The original bingo product was tested from a live bingo machine for over four months, 24 four hours a day, with a development cost of over $2 million.  Daytime participation averaged almost 400 players per game and at night, almost 100 players.  The live camera and live chat with our bingo hosts were very well received features of our product. The players came from all over the world reflecting the international appeal of our unique platform. 

During this four months of testing Omicron registered over 40,000 people to play, at a rate of over 400 new registrations each day. 

Our bingo software is unique and the only live internet bingo product.  Players have access to many features on the site that are not available to them in an actual bingo hall.  Internet accessibility to the bingo games allows anyone from around the world to join in with the same game hosted live from a bingo hall. The potential jackpots in any game can be significantly higher than playing with an ordinary bingo hall audience, particularly with the bonus round jackpots, and that attracts players.
 
 

A STRATEGY OF GROWTH

Omicron Technologies, Inc. is currently in the business of acquisition, research and development, and marketing of leading edge technologies and Internet-based business concepts.  Through a combined strategy of targeting specific market niches and delivering unique products with wide appeal. Omicron intends to gain significant penetration into these markets.

While these markets need to mature, the potential is huge and RadioSat has already tested and proven its product and is waiting for the right time to bring it to market for profit. 

The Interactive Radio section of the Web site takes you through the multiple features that the product can offer such as integrated broadcasting, navigation, and two-way communication services through a low cost terminal. This product platform also provides e-commerce, email, fax, digital quality music, travel, security, global positioning and gaming services in one low-cost, easy to operate system that can be installed in any vehicle. Omicron owns 25% of this technology and will announce any future developments as they occur.
 

Interactive Digital Satellite Radio   Omicron Technologies Inc. has 25% ownership of RadioSat. This satellite based digital technology stands to revolutionize the manner in which consumers use their radios for information. The patented architecture provides a wide range of integrated broadcasting, navigation and two-way communications services through a low cost terminal.  The system will provide e-commerce, e-mail, fax, digital quality music, travel, security, global positioning and gaming services in one low-cost, easy-to-operate system that can be installed in any vehicle.  Omicron plans to become the leading portal for interactive services on the RadioSat network, a platform-independent network and with branded service packages.

SELECTED FINANCIAL HIGHLIGHTS

Shares Outstanding: 621,558
Float: 453,757

Recent share price and volume movement:
Date               OMCN Last Sale      270 Day Moving Avg       Volume

06/25/2002             4.250                                3.111                  1,700
06/24/2002             3.500                                3.106                  2,400
06/21/2002             3.500                                3.104                  2,900
06/20/2002             4.500                                3.102                17,300
06/19/2002             3.250                                3.100                17,700
06/18/2002             2.500                                3.103                13,400
06/17/2002             1.270                                3.101                  4,000
 
 

FOR MORE INFORMATION, CONTACT

Stockupticks Safe Harbor Statement: Statements contained in this document, including those pertaining to estimates and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.

StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP).  The information, financial data, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness.  Past performance is no guarantee of future results. This report is for information purposes only and should not be used as the basis for any investment decision. Sterling Klein has agreed to pay MP a total of $95,000 for consulting and advertising services over a one-year period, including the preparation and distribution of this report.  MP is currently in possession of 5,000 shares of OMCN, which it has agreed to return to Sterling Klein upon full payment under the agreement. This compensation constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company.  Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934.  MP is not an investment advisor and this report is not investment advice.  This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisment.  Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results.  The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned.  Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated.