older NEWS:
e-Vegas.COM Inc.: Now Easier to Bet On Than Ever
VANCOUVER, BRITISH COLUMBIA, Jun 3, 1999 (BUSINESS WIRE via COMTEX) -- e-Vegas.COM Inc. (OTCBB: ECGC) is pleased to announce that it has finalized and fully tested its direct link satellite communications operation in Costa Rica and enhanced electronic credit card linkages.
"Our investors are extremely excited about e-Vegas.COM Inc. Gamblers now have a choice of using Visa or Mastercard in addition to the traditional check or money order to establish their account with e-Vegas.COM Inc. And we now have an on-line betting Web site that will be smoother, faster, and easier to access than any of our competition," stated Ed Gallagher, president, e-Vegas.COM Inc.
e-Vegas.COM Inc. expects to achieve superior financial performance now that its full system is on-line. The satellite system should make e-Vegas.COM Inc. the lowest cost operator in the on-line gaming business.
"Excessive telecommunications costs as well as a dependency on regionally based Internet Service Providers can wreak havoc on e-commerce businesses and eat into the bottom line. We have developed the solution to this by building our own satellite system," added Gallagher.
e-Vegas.COM Inc. is also now in the position to establish additional business opportunities in the region based on the excess telecommunication networking capacity created by direct link satellite communications system.
About e-Vegas.COM Inc. e-Vegas.COM Inc. is a casino and gaming business based in Costa Rica. The first element of its business is the establishment of an online casino and gaming business at www.e-vegas.com. The company is also in the process of developing related businesses and other electronic and e-commerce business that will enhance its overall growth and profit potential.
e-Vegas.COM Inc. competes with other operators in the Internet gaming market such as GIC Global Intertainment Corp. (OTCBB: GLOW), Global Games Corp. (OTCBB: GGNC), Starnet Communications Interntational Inc. (OTCBB: SNMM), Gaming Lottery Corp. (Nasdaq: GLCCF) and Cybergames Inc. (OTCBB: CYGA).
e-Vegas.COM Inc. licenses its gaming software from Intersphere Communications Ltd. (Grenada) a subsidiary of Internet Gaming and Communications Corp.(OTCBB: SBET) of Philadelphia, Pa. Intersphere's -- LiveAction Gaming Platform is the most advanced premier gaming management system available for managing and operating an Internet or phone-based sports book and online casino. The system consists of two optional modules including the LineMaster Sports Wagering System, and the Java-based House Casino Advantage Management System. Intersphere's world-renowned gambling software has been licensed to other online casino sites.
Frost & Sullivan estimate that wagering via the Internet was approximately $1 billion in 1998. Gaming consultants Christinansen/Cummings estimate Internet wagering to reach $2.3 billion by 2001. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. Playboy and Harrah's are now entering the sector.
This press release contains forward-looking statements with respect to the results of operations and business which could be materially different from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: e-Vegas.COM Inc.
Tony Markus, 604/608-6828 or 877/815-3238
www.e-vegas.com
WEB PAGE: businesswire.com
GEOGRAPHY: INTERNATIONAL CANADA INTERNATIONAL LATIN AMERICA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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