News TTLN FEB 8/2000 - Hosting E-Commerce Agreement
Total Entertainment SignsE-Commerce Hosting Agreement with Caribbean EntertainmentInternational
February 8, 2000 11:00 AM
MONTREAL and NEW YORK--(BUSINESS WIRE)--Feb. 8, 2000--
Dominican Republic grants Total Entertainment master gaming license
Total Entertainment Inc. (TTLN-NASD-BB) announced today that the company has signed an e-commerce hosting agreement with Caribbean Entertainment International, S.A. and has received a master gaming license from the government of the Dominican Republic. Total Entertainment will now be able offer turnkey solutions to other online gaming companies and position itself as a leader in the online gaming industry.
Total Entertainment will benefit from the computer infrastructure of Caribbean Entertainment International to create an e-commerce hosting center in the Dominican Republic, which will be used for various types of Internet hosting, including financial services and Internet gaming. The hosting facility represents a new source of revenue for Total Entertainment.
The hosting facility will also be used in conjunction with the master gaming license from the Dominican Republic, which Total Entertainment can sub-license for a fee, to make the company's gaming solutions available to a larger audience. This will add significantly to Total Entertainment's growth potential.
"By leveraging our various online gaming resources, we will now be able to compete directly with gaming majors such as Starnet, Cryptologic and BossMedia," said Sandy Masselli Jr., President and CEO of Total Entertainment Inc. "We can leverage our software from Online Gaming Systems, our e-cash solution, our call center in Montreal and now our hosting center in the Dominican Republic to offer turnkey solutions to other online gaming companies."
Total Entertainment was recently cited in a Bear Stearns report as a company to watch in the Internet wagering and gaming industry.
Total Entertainment Inc. (TTLN-NASD-BB) owns and operates interactive software-based games of chance and sports wagering facilities. Through its network of Internet properties, users can play realistic online games, receive the latest news, financial information and free e-mail, and create a personalized portal to the Internet. Total Entertainment's e-commerce solution enables users to purchase electronic cash by credit card, wire transfer, money order or personal check.
The statements in this news release may contain forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934, and are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995.
CONTACT: Total Entertainment Inc. Sandy Masselli Jr. Mitchell Brown 514/842-6999
URL: www.ttln.com or National Public Relations Daniel Brennan, 514/843-2325 |
