Pack,
With King world involved this one can do some real kick-ass...
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Subject: Dion Entertainment Corp.
To: "Portfolio Email User" <portfolio@newswire.ca>
Attention Business Editors:
Dion Entertainment Corp.
Announces
Symbol: DIO/TSE
WHITE ROCK, BC, June 8 /CNW/ - Dion Entertainment Corp. (the ''Company'')
(TSE:DIO) - Leo Dion, President & CEO, announces that as a result of the recently announced Larson Dion Productions LLC agreement the Company has arranged a private placement for up to $2,250,000 at a price of $3.60 per share with an industry leader, subject to receiving approval from the Board of Directors and the Toronto Stock Exchange.
Larson Dion Productions will combine the world's most popular game, bingo, with the potential to win significant cash and prizes both at home and in the studio.
Larson Dion Productions is currently in negotiations with King World to distribute the show. King World is the distributor of such shows as Jeopardy and Wheel of Fortune, which consistently have been the highest viewing syndicated shows in North America.
The Company continues to pursue its goal to be the largest and most diversified bingo entertainment company in the world.
-0- 06/08/1999
For further information: Theresa Gortva, Corporate Communications, Dion Entertainment Corp., No. 300, 2055 - 152nd Street, White Rock, B.C., V4A 4N7, 1-877-535-7333, (604) 535-7333; www.dion-bingo.com
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