I sold the 1/3 left preopen for a good profit. Bought back around 24 -- a very turbulent market in the net sector today. Same thing with XMCM.
Risky but potentially highly profitable play: RIHI
Ranes International Holdings Inc. Announces Intent to Merge with WorldNet [.17725]
/FROM PR NEWSWIRE MIAMI 305-461-8666/
TO BUSINESS EDITOR:
Ranes International Holdings Inc. Announces Intent to Merge with WorldNet
Gaming Inc. to Form the Most Player-Friendly Casino Company on the Internet
SCOTTSDALE, Ariz., Jan. 28 /PRNewswire/ -- Today, Ranes International
Holdings Inc. (OTC Bulletin Board: RIHI) signed a letter of intent with
Toronto, Canada-based WorldNet Gaming Inc. to form a new publicly traded
company -- WorldNet Gaming Inc., headquartered in Costa Rica.
WorldNet Gaming, with gross betting of $7M per month and growing, is an
Internet gaming veteran with 11 fully developed Internet Casinos, provider of
the first Internet Sports Book (www.cyberbookie.com) and developer of world-
class Casino software that is used by other Internet Casino Gaming Partners
worldwide.
"Internet gaming at $50B per year is the fastest growing segment of
commerce on the Internet, and WorldNet Gaming has been a major part of the
industry's growth," said a spokesman for WorldNet Gaming. He continued, "We
have focused on the Internet-based Casino business for over three years and
invested over $4M in software development alone. Coincidental with our
upcoming merger, we will be releasing an entire new set of Casino software
that will dazzle our clients."
The Casinos of WorldNet Gaming offer nine JAVA-based Casino games with
unmatched speed, graphics and audio, as well as the safety and security of
international credit card capability with both MasterCard(TM) and VISA(TM).
Complementing the Company's direct Casino business is a worldwide Internet
Business Partner program that allows Internet entrepreneurs to establish their
own "turn-key" Casinos using both software, communications support and
offshore bank processing from WorldNet Gaming. These strategic partnerships
provide WorldNet Gaming with both initial license revenues as well as long-
term profit sharing annuities.
WorldNet Gaming, pioneer of Casino games and services for the Internet, is
the leader in developing Casino games that are easy to access, exciting to
play and safe and secure to use. For additional information about WorldNet
Gaming or this press release, please visit their web site,
www.worldnetgaming.com or e-mail Andy Ruppanner, VP of Marketing and
Communications at andy@worldnetgaming.com or 1-800-548-0010.
Certain statements herein that are not historical are forward-looking
statements involving risks and uncertainties. Investors who seek more
information about the Company's business and relative risk factors may wish to
review the Company's periodic reports filed with the Securities and Exchange
Commission including, but not limited to, its most recent Annual Report on
Form 10-KSB and Quarterly Report on Form 10-QSB.
SOURCE WorldNet Gaming Inc.
/CONTACT: Andy Ruppanner, VP of Marketing and Communications, WorldNetGaming,
800-548-0010, or e-mail, andy@worldnetgaming.com/
/Web site: worldnetgaming.com
Jan-28-1999 07:19 GMT
Symbols:
US;RIHI
Source PRN PR NewsWire
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