Progressive Gaming Files for Acquisition of VirtGame

26 Apr 2005

LAS VEGAS -- (PRESS RELEASE) -- Progressive Gaming International Corporation (the Company) (NASDAQ: PGIC) announced today that it has filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission for the issuance of up to 2.0 million shares related to the pending acquisition of VirtGame Corp. (OTC Bulletin Board: VGTI - News). The S-4 registration statement includes a preliminary proxy statement related to the approval VirtGame intends to seek from its shareholders for the deal.

The Company intends to exchange up to 2.0 million shares of its common stock for all of the outstanding common and preferred stock, and all outstanding warrants and options of VirtGame, subject to potential adjustments for working capital deficiencies and a bridge financing arrangement provided to VirtGame by the Company.

Progressive Gaming Files for Acquisition of VirtGame is republished from CasinoCityTimes.com.

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	Progressive Gaming Files for Acquisition of VirtGame 26 Apr 2005 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS -- (PRESS RELEASE) -- Progressive Gaming International Corporation (the Company) (NASDAQ: PGIC) announced today that it has filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission for the issuance of up to 2.0 million shares related to the pending acquisition of VirtGame Corp. (OTC Bulletin Board: VGTI - News). The S-4 registration statement includes a preliminary proxy statement related to the approval VirtGame intends to seek from its shareholders for the deal. The Company intends to exchange up to 2.0 million shares of its common stock for all of the outstanding common and preferred stock, and all outstanding warrants and options of VirtGame, subject to potential adjustments for working capital deficiencies and a bridge financing arrangement provided to VirtGame by the Company. Progressive Gaming Files for Acquisition of VirtGame is republished from CasinoCityTimes.com.