AGCI - Angelciti Entertainment, Inc. Message Board

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Microcap & Penny Stocks : AGCI - Angelciti Entertainment, Inc.

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From: jmhollen	6/2/2005 1:19:13 PM
	of 7

From The Green Baron: Thursday, June 02, 2005 - News Alert - AngelCiti Entertainment (OTCBB: AGCI) AngelCiti Reaches Agreement with Basic Investors for $3 Million Commitment to Finance Carib Gaming Acquisition AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, announced today that it has entered into a Business Consulting Agreement with Basic Investors and has agreed to a term sheet providing $3 million in funding towards the Company's slated acquisition of Carib Gaming. Carib Gaming is the largest gaming operator on the fast growing Turks and Caicos Islands and has operations in 23 locations island-wide. AngelCiti President George Gutierrez stated, "We are ecstatic as we take our next key step towards completing our acquisition, which will instantly make the company quite profitable. This also serves as the future model for other similar acquisitions, for which we have recently been offered as well. Finally, we are proud to announce that the financing will be upon terms we consider quite favorable and which will preserve and enhance shareholder value both in the short and long term. The financing and acquisition are truly landmark next steps in the positive evolution of our company." .

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