Atlantic International Entertainment, Ltd. (AIEE) Announces Agreement For Mutiple Bingo Systems & Lottery System With Total Entertainment Subsidiary, Intercapital Canada, Ltee.
PR Newswire - July 06, 1999 13:59
Revenues Are Anticipated To Exceed $750,000 During Term Of Agreement
BOCA RATON, Fla., July 6 /PRNewswire/ -- Atlantic International Entertainment, Ltd., (OTC Bulletin Board: AIEE) (AIE) announced today that it has entered into a license agreement providing multiple Bingo Blast systems and a Lotto Magic system to Total Entertainment Inc.'s (OTC Bulletin Board: TTLN) wholly owned subsidiary, Intercapital Canada, Ltee. The games will be offered by Intercapital at their various websites.
Atlantic's President & CEO, Richard A. Iamunno, stated that, "This is an extension of the agreement with Total Entertainment Inc.'s on-line gaming subsidiary, Intercapital Canada. This additional license represents Intercapital's increasing commitment to new systems developed by Atlantic. We continue to grow our relationship with Total and Intercapital and look to expand both the number and types of gaming and wagering systems. We look forward to these new games being implemented by Intercapital by mid-July."
Total Entertainment Inc.'s President Mitchell Brown stated that, "There is a synergy between Atlantic International Entertainment and Total Entertainment that will benefit all three of our sites, theluckydragoncasino.com, theonlinecasino.com and slotsvegas.com, and will most certainly lead to positive future ventures and increasing revenues for both our companies."
Atlantic International Entertainment, Ltd. (www.aieltd.com) develops and markets Internet and private network transaction-based products that it only offers to licensed gaming operators in regulated jurisdictions. These products include: Internet Casino Extension(TM) (ICE)(TM), a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM) a lottery system for private, government and fund raising purposes; and Bingo Blast(TM) a multi-player system for charity and private organization use. The company also offers wireless and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary.
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 you to the documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 7, 1999 and form 10Q filed May 18, 1999.
For Investor Relations please contact: Ira W. Miller or Larry Fortune, I.W. Miller Group, Inc., 949-833-9001.
SOURCE Atlantic International Entertainment, Ltd.
/CONTACT: Richard Iamunno, President & CEO of Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485/
/Web site: aieltd.com
(AIEE TTLN) |
