AGI Alamos Gold Inc New

Shareholder Class Action Filed Against Alliance Gaming Corporation by the Law Firm of Schiffrin & Barroway, LLP BALA CYNWYD, Pa., June 21 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin & Barroway, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Nevada on behalf of all purchasers of the common stock of Alliance Gaming Corporation (NYSE:AGI) ("Alliance" or the "Company") from January 15, 2004 through June 7, 2004, inclusive (the "Class Period"). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at . The complaint charges that Alliance, Robert L. Miodunski, Robert L. Saxton, Steven Des Champs, and Mark Lerner violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between January 15, 2004 and June 7, 2004, about the Company's financial condition thereby artificially inflating the price of Alliance's shares. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company was struggling to hold shares in key markets, driven by relatively weaker content and software platform weakness; (2) that the Company's yields on participation games were contracting due to the waning popularity of flagship games, which conversely resulted higher R&D expenses for the development of traditional and central determination products; (3) that the Company was suffering from slower deployment of Wide Area Progressive games in the Nevada market due to regulatory delays, languishing approval and deployment of new game revisions in the New York Lottery market, and substantial reductions in new game orders; (4) the Company was experiencing massive integration issues related to the Sierra Design Group acquisition; and (5) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. On June 8, 2004, Alliance announced revised earnings guidance for fiscal year 2004 and 2005. News of this shocked the market. Shares of Alliance fell $5.24 or 24.50 percent on June 8, 2004, to close at $16.15. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com/. If you are a member of the class described above, you may, not later than August 16, 2004 move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action. CONTACT: Schiffrin & Barroway, LLP Marc A. Topaz, Esq. Stuart L. Berman, Esq. Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004 1-888-299-7706 (toll-free) or 1-610-667-7706 Or by e-mail at DATASOURCE: Schiffrin & Barroway, LLP CONTACT: Marc A. Topaz, Esq. or Stuart L. Berman, Esq. of Schiffrin & Barroway, LLP, +1-888-299-7706, or +1-610-667-7706, Web site: http://www.sbclasslaw.com/

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