Chuck did you read all the news yesterday:
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GGNC Announces the Addition of 10 More Exciting and Highly Profitable Games to CYBERBETZ.com
LAS VEGAS, Jun 28, 1999 (BUSINESS WIRE via COMTEX) -- GICGlobal Intertainment Corp. -- GGNC on the OTC Bulletin Board (OTC BB: GGNC) (located and licensed in the Commonwealth of Dominica), is pleased to announce the addition of 10 more exciting and highly profitable casino games to its on-line casino and sports book, CYBERBETZ.com will now have a total of 25 games plus CashSplash progressive jackpot.
The 10 new casino games are: Jackpot Express, Crazy Crocodile, Aces and Faces Poker, Jurassic Jackpot, Cosmic Cat, Winning Wizard, Froot Loops, Deuces and Joker Poker, Pirates Paradise, and Big 5. With these additions there will be a total of 25 games plus Cash Splash. These games have been carefully chosen based on their popularity and revenue generation.
James Chu, president and CEO of GGNC stated that, "Our company is going ahead with its plans aggressively and we are in the very exciting stages of our development. We are being audited and plan to be a fully reporting company. We have started a global marketing campaign to promote our on-line casino, sportsbook, and lottery site. We are also looking at a few acquisition targets within the on-line gaming industry. Our goal is to acquire companies that have a proven track record and have a positive cash flow. With the revenues being generated from our new games along with the revenues from the Y2K Lottery site (the daily, weekly, monthly and Millennium lottery site), GGNC will be able to increase its revenues considerably. And for our company's Asian expansion, our company is currently developing many new exciting Asian style games which will only cater to the entire Asia-Pacific region. Our company will also be able to license these new Asian style games if our company chose to in the future. These new additions of Asian style games for the Asia-Pacific region will be announced in the near future."
GNNC's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq: SLOT), Trans World Gaming Group (OTC BB: IBET), Argosy Gaming Co. (NYSE: AGY), International Game Technology Inc. (NYSE: IGT), Cryptologic Inc. (TSE:CRY), Starnet Communications International Inc. (OTC BB: SNMM), GLC Limited (Nasdaq: GLCCF), Atlantic International Entertainment Ltd. (OTC BB: AIEE), Cybergames Inc. (OTC BB:CYGA), IGN Internet Global Network Inc. (VSE:IGN) (OTC BB: IGINIF) and Global Games Corp. (OTC BB: GLOW).
GIC Global Intertainment Corp. is a high technology Internet gaming company (www.cyberbetz.com) that searches for proven technologies, which are directly linked to the Internet. The company intends to seek market dominance by way of mergers and acquisitions of Internet-related gaming companies and technologies that are already positioned in the market place. This news release maycontain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of GIC Global Intertainment Corp.
Investor Relations Contact: Keith Lindquist or Shawn Balaghi Toll Free 1-877-GIC-WINS (877/442-9467) E-mail ir@ggncwins.com or 604/688-6888.
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e-Vegas.com Inc. Opening Discussions With Asian Investors to Establish Asian On-Line Gaming Venture
VANCOUVER, British Columbia, Jun 28, 1999 (BUSINESS WIRE via COMTEX) -- e-Vegas.com Inc. (OTC BB: ECGC) is pleased to announce that they have begun negotiations with an Asian based investment group to establish an on-line gaming facility targeted at the Asian markets.
"We envision establishing an on-line gaming facility that will cater specifically to the needs of the Asian gaming market. Our joint venture partners, which have to remain confidential at this juncture, have substantial experience in the Asian marketplace and will help us tailor the gaming site to the nuances of that market," stated Ed Gallagher, President, e-Vegas.com Inc.
"Just as we have been using the experience and knowledge of our Las Vegas based directors and advisors, we will use the same approach for the Asian gaming site", he added.
A contingent of investors are currently touring the site in Costa Rica with executives of the Company and one of the new directors, Mr. Sid Diamond. Mr. Diamond is the former Director of Race and Sports for Circus Circus Enterprises and Excalibur Hotels in Las Vegas, Nevada. For the past 18 years Mr. Diamond has been licensed by the Nevada State Gaming Commission and has managed the sports book business for 5 major casinos.
In other developments, the Company is working on behalf of shareholders to increase awareness in the investment community of the Company's activities. Mr. Gallagher has recently been interviewed and the Company has been highlighted by a number of small-cap oriented on-line investment sites and media sources including:
-- Talk Stock -- Wall Street Broadcasts -- Princeton Research (www.princetonresearch.com) -- Capital Research Group (www.thesubway.com)
"We are also in the process of assessing a number of highly regarded international investor relations firms that can assist us in getting the news out about the Company," stated Mr. Gallagher.
About e-Vegascom.Inc.(TM)
E-Vegas.com lnc.(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 lnternet 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.
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