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NEW ISSUE - BUYING TODAY - CYBS !!

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Creator LOGICA2ME Created 12 Jul 2005 Posts 74 Last Post 18 years ago
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CYBERSCAN TECHNOLOGY, INC.
ANNOUNCEMENT OF ADMISSION TO AIM AND COMMENCEMENT OF DEALING

Cyberscan Technology, Inc. ("Cyberscan" or "the Company"), trading as Cyberview,
a leading provider of downloadable server-based systems to the gaming industry
is pleased to announce the commencement of trading in its Common Shares on AIM
under the ticker symbol "CYBS".

Highlights

* The Company has raised #20 million (net of expenses) through a placing
of 3,698,900 New Common Shares (the "Placing") at a price of 611 pence per
share (the "Placing Price")


* Based on the Placing Price of 611 pence per share and 14,947,811 million
Common Shares in issue, Cyberscan will have a market capitalisation of #
91.3m


* Placing of 1,865,549 Common Shares at the Placing Price on behalf of
selling shareholders.

Collins Stewart acted as nominated adviser and broker to the Company.

Jean-Marie Gatto, Chief Executive Officer of Cyberscan, said:

"This is an extremely exciting time for Cyberscan and we have been delighted by
the positive reaction we have had from investors. The funds raised from our
listing on AIM will help us to accelerate the next phase of our development. Our
immediate focus will be to continue the roll out of our interactive video
lottery terminals ("IVT's") in the Czech Republic, commence trials in casino's
and other IVT environments and capitalise on the fixed odd betting terminal
market in the UK."

"The Directors believe that the Company is well positioned to take advantage of
the predicted shift from traditional stand-alone slot machines towards
downloadable central server-based systems and has the technology and approvals
to respond to this expected growth"
"We look forward to driving Cyberscan's next stage of development and to
delivering value to our new shareholders."

** Logica2me Investments has today placed a 'buy' note on this stock at £7 with a 3 month price target of £20 per share **

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