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EXHIBIT 99
CAPITAL GAMING INTERNATIONAL, INC.
EXHIBIT 99
Private Securities Litigation Reform Act of 1995
Safe Harbor Compliance Statement for Forward-Looking Statements
In passing the Private Securities Litigation Reform Act of 1995 (the
"PSLRA"), Congress encouraged public companies to make "forward-looking
statements"(1) by creating a safe-harbor to protect companies from securities
law liability in connection with forward-looking statements. Capital Gaming
International, Inc. (the "Company") intends to qualify both its written and oral
forward-looking statements for protection under the PSLRA.
To qualify oral forward-looking statements for protection under the
PSLRA, a readily available written document must identify important factors that
could cause actual results to differ materially from those in the
forward-looking statements. The Company provides the following information in
connection with its continuing effort to qualify forward-looking statements for
the safe harbor protection of the PSLRA.
Important factors currently known to management that could cause actual
results to differ materially from those in forward-looking statements include,
but are not limited to, the following: (i) our failure to realize the benefits
of our substantial net operating loss carryforwards; (ii) our ability to
generate additional sources of cash flow through new management contracts and
gaming opportunities; (iii) our ability to obtain significant additional
financing for the development of gaming facilities; (iv) gaming regulations,
including licensing requirements, revenue sharing and other restrictions, that
may affect our growth prospects and profitability; (v) recruiting, hiring and
retaining the services of key personnel; and (vi) our ability to compete with
more established casino operators and other businesses that possess greater
resources than our own. For a more complete description of these and other risk
factors that may affect our results, see our Annual Report on Form 10-K for the
fiscal year ended June 30, 2000 as well as our other filings with the Securities
and Exchange Commission.
Forward-looking statements express expectations of future events. All
forward-looking statements are inherently uncertain as they are based on various
expectations and assumptions concerning future events and they are subject to
numerous known and unknown risks and uncertainties which could cause actual
events or results to differ materially from those projected. Due to these
inherent uncertainties, the investment community is urged not to place undue
reliance on forward-looking statements. In addition, the Company undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to projections
over time.
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1 "Forward-looking statements" can be identified by use of words such as
"expect," "believe," "estimate," "project," "forecast," "anticipate," "plan,"
and similar expressions.
