ATLANTIC INTERNATIONAL ENTERTAINMENT, LTD (AIEE) ANNOUNCES THIRD LICENSE AGREEMENT FOR
INTERNET CASINO EXTENSION (ICE) PRODUCT WITH Imperiamedia, Ltd. The Agreement Is Valued At Over Three
Hundred Thousand Dollars ($300,000) For The Term Of The Contract
BOCA RATON, Fla., Jun 18, 1999 /PRNewswire via COMTEX/ -- Atlantic International Entertainment, Ltd., AIE (OTC Bulletin Board: AIEE) announces the
third license of the Internet Casino Extension (ICE) to Caribbean based, ImperiaMedia, Ltd. It is anticipated that the casino will go live in July. Revenue
projected from this project exceeds three hundred thousand ($300,000) in upfront cash and royalty payments over the term of the agreement.
Atlantic's President & CEO, Richard A. Iamunno stated that, "We are finding that our customer base is now providing us with multiple orders for our
Internet gaming product line. The integrity of our gaming platform in stand alone environments continue to prove the reliability and quality ofour product
lines. Imperiamedia is a client that plans to expand its online casino presence on an ongoing basis and we look forward to working closely with them as
they go forth with expansion plans."
Oliver Vermeulen, Managing Director of ImperiaMedia, Ltd., stated earlier that, "We are pleased with our alliance with Atlantic International Entertainment,
Ltd. It is a perfect match to our Internet gaming hosting & licensing services. We feel that the AIE software is the superior product in the market place."
Atlantic International Entertainment, Ltd. develops and markets Internet and private network transaction-based products, including global turn-key Internet
Casino Extension(TM) (ICE)(TM), for licensed casinos; webSports(TM), an Internet sports wagering system; Lotto Magic(TM), a lottery system for private,
government and fund-raising purposes; and Bingo Blast(TM), for charity and private organization use.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and
uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on
telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology,
system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, we refer youto the
documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 26, 1998 and form 10Q filed
November 16,1998.
For Investor Relations please contact:
Ira W. Miller or Larry Fortune
I.W. Miller Group, Inc.
(949) 833-9001
SOURCE Atlantic International Entertainment, Ltd.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Richard Iamunno, President & CEO, Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485
WEB PAGE: aieltd.com |
