T & G2 (OTCBB: TTGG) On The Move

Rarely in StockUpTicks' prolific history have we had the pleasure of working with a CEO as dynamic as T & G2’s James Farinella. Each time we hang up the phone after speaking with him we remark to ourselves that this is a CEO who understands not only his business plan but the intricacies of the stock market as well - watching out for shareholders and employees at the same time.

Half the time we try to reach Mr. Farinella he’s on his mobile phone heading to a meeting here or there or a conference in Vegas. And for a gaming technology company, the latter is often the precursor to good news!

Today, the fruits of Jim's labors are beginning to be seen as the company announces a large-scale marketing / distribution initiative in the Western U.S.  It's primary sales unit, Zingo Sales, operates from Las Vegas, so a major marketing push in the West seems to be a natural for TTGG.  This comes on the heels of great momentum and recent growth in the Northwest.  In fact, T & G2 estimates the West Region of the U.S. to be four times that of the Northwest.

In the past, our readers have been extremely interested in the goings-on at T & G2, so we encourage new and veteran StockUpTicks readers to take a look at today’s press release (below) and to review our updated in-depth profile on T&G2  from (7/14/03) by clicking here
 

**  Breaking News  **  Breaking News  **

News Release
Source: T&G2

Bernardsville, NJ, August 11, 2003 – T & G2 (OTCBB: TTGG) announced today that its wholly owned subsidiary, Zingo Sales, Ltd. (ZINGO) has instituted a large-scale marketing and distribution plan for its gaming units in the West Region of the United States.

Zingo has developed a tremendous amount of momentum in the Northwest region with a steady flow of orders.  With Zingo’s office being in Las Vegas, NV, it stands to reason that the Company expand its distribution of its Class II gaming products to the West region.  The Company plans to expand into other regions of the United Sates including the Mountain States, the Southwest, South, Southeast, East, Northeast and Midwest. 

The West region appears to be more than four times the size of the Northwest, with the charity sector being a leading part of the market.  The Company is investigating certain untapped segments of this market that could potentially make the market three to four times larger than originally anticipated.  The first orders are expected soon, despite the fact that the months between June and August have historically been slow periods.  Cash flow from the Company’s already installed units is expected to significantly increase come September along with the placement of new units. 

“We have a great amount of anticipation going into this market,” stated T & G2’s CEO, James M. Farinella.  “The West region is a virtually untapped market, with significant upside potential.  This penetration into the marketplace should lead to a greater number of installation of units with a potential even greater amount of play per unit.” Farinella further stated, “We continue to monitor the statutes in other regions in order to best identify the appropriate target locations for our products and services.  We anticipate distribution to continue into other geographical areas in the near future.”

Please visit the Company’s website at www.ttgg.net for more information or call Investor Relations at 973-351-3868 for Stephen Taylor or the company directly at 866-409-8342.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company.  All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by T & G2  (TTGG) may differ materially from these statements due to a number of factors.  TTGG assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements.  You should independently investigate and fully understand all risks before making investment decisions.

-End-

Tuesday August 5, 10:07 am ET 

BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Aug. 5, 2003--T & G2 (OTCBB:TTGG -
 News) announced today that its wholly owned subsidiary, Zingo Sales, Ltd. (ZINGO)received an order for the installation of an additional 18 Electronic Gaming Units utilizing the ultimate Bingo games in the Northwest Region of the United States. The Units are set to be installed by the end of August. 

Other gaming facilities in the area are taking notice of the progress that is being made by Zingo. They also have noticed how new and exciting Zingo's electronic bingo games are compared to what is already on the market. Because of this, TTGG continues to receive inquiries on a weekly basis. This has lead to a 100% growth in orders for the company on a month-by-month basis since May 2003. 

The momentum that Zingo has developed with the distribution of its gaming units in this one area has also heightened the awareness of other distribution outlets across the U.S. Due to this, expansion and distribution of the Zingo product to new regions of the United States should take place soon. This should lead to a sustained expansion of sales over the next 3 to 6 fiscal quarters.

To read the entire release -click here
 

About T&G2

ABOUT 

T & G2 is a diversified company that relies on multiple revenue streams from two core businesses to provide its working and growth capital.

T & G2, Inc. conducts one of its business operations through its wholly owned subsidiary, Solutions Technology, Inc., which provides biometric identification services for the following applications: identity verification, secure site access, and time & attendance.  The T & G2  system enables clients to control and manage their resources precisely and become more efficient, without costs associated with ownership.

Zingo Sales, through a license arrangement, has the most advanced software in the electronic bingo market today, called Ultimate Bingo. Bingo halls and casinos love the system because it allows them to charge for additional bingo cards played during regular-session bingo without the additional cost of paper. Another reason for the rising demand for this system is that it allows for other games, called "Doubletime," to be played during and between each bingo session generating additional revenue for the casino/bingo operator. 

*** FINANCIAL HIGHLIGHTS ***

                      Shares Outstanding:    25,000,000                            Recent Price:  $0.19 
                      Public Float (approx.): 19,000,000                            Year Low/Hi:  $0.05 - $.80
 

Investors Note:  TTGG has begun trading its shares in on the Berlin Stock Exchange. The German trading Symbol is “TG6” and the German Securities code (WKN) is 812 894.  *Because shares must be taken out of circulation in the U.S. to trade in Berlin, the actual public float has effectively been reduced. 

*** CONTACT INFORMATION ***

CONTACT

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