nice catch,lance. Buying ECGC here. positive news and the stock has been beaten down quite a bit. 06/24 09:46 E-Vegas.com Inc.
Announces Successful Gaming
Business Results and
<ECGC.OB>
E-Vegas.com Inc. Announces Successful Gaming Business
Results and Progress in Establishing New Corporate Identity
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 24,
1999--
new web address: www.e-vegasgaming.com E-Vegas.com
Inc.(TM) (OTC BB:ECGC) is pleased to announce the following
corporate developments:
Positive Gaming Results
The Company is pleased to announce that it concluded a very
successful June 20 weekend for both its casino and sportsbook
business.
"Our holdback or win percentages for casino gaming was 33%
for June 20, 1999 and 12% for June 21, 1999 for a combined
total of 17.8%. The net winnings to the company for the
sportsbook betting for the same time period were 30%. These
are exceptionally attractive win rates for the company and we are
also seeing an increase in the number of betters over the same
time period," stated Ed Gallagher, president of E-Vegas.com
Inc.(TM)
The full financial performance of the business will be reported at
the end of the first full operating quarter of the company, which
concludes at the end of September 1999.
Name Change Developments
Further to the announcement made on June 4, 1999 the
Company is moving forward with its final plans to change the
name to E-Vegas.com Inc.(TM)
Accordingly, the Company is pleased to announce the following
developments: -- The trademark filing and acceptance for
E-Vegas.com Inc.(TM) has
been completed; -- The name change has been filed in the State
of Nevada and has
been accepted as of June 22, 1999; -- The Company has
requested a new CUSIP number from Standard and
Poor's and upon receipt of the new number will then apply to
NASD
for the new trading symbol; -- The new web address for the
company is now www.e-vegasgaming.com.
People will automatically be routed to the correct site as of
June 24, 1999.
About E-Vegas.com Inc.(TM)
E-Vegas.com Inc.(TM) 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-casinogaming.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.(TM) competes with other operators in the
internet gaming market such as GIC Global Intertainment Corp.,
Global Games Corp., Starnet Communications International Inc.,
Atlantic International Entertainment Ltd., Gaming Lottery Corp.
and Cybergames Inc.
E-Vegas.com Inc.(TM) licenses its gaming software from
Intersphere Communications Ltd. (Grenada), a subsidiary of
Internet Gaming and Communications Corp. 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 Advantage Casino Management System.
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.
--30--tjj/la* de/la
CONTACT: E-Vegas.com Inc.
Tony Markus, 604/608-6828 or 877/815-3238
www.e-vegasgaming.com Today's News On The Net - Business
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