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Non-Tech : VGAM - Virtual Gaming

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To: BobInBush who wrote ()7/7/1999 3:28:00 PM
From: Dr. Microcap   of 216
 
Virtual Gaming Enterprises, Inc. Acquires Master Gaming License For The Commonwealth of Dominica
PR Newswire - July 07, 1999 11:44

ESCONDIDO, Calif., July 7 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD) today announced the purchase of the master gaming license for the Commonwealth of Dominica.

The Commonwealth of Dominica is an Independent Parliamentary Republic located in the "British Virgin Islands."

Virgil Williams, CEO of Virtual Gaming Enterprises, stated that, "the master gaming license agreement insures our preeminent position within the internet gaming market and will facilitate our current and future expansion plans." Mr. Williams added that, " all activity and revenue targets for the on-line casino have been exceeded."

Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a virtual casino at www.classicbet.com

Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc. future business and prospects and could cause actual results to differ materially from these forward-looking statements.

SOURCE Virtual Gaming Enterprises, Inc.

/CONTACT: Communications Group, 888-285-6808, for Virtual Gaming
Enterprises, Inc./

/Web site: classicbet.com

(VGAMD)
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