Newsrelease
News article received, Wednesday, July 14, 1999 6:35:48 PM EST
GGNC Announces the Sponsorship of Formula Atlantic Racing Team; GICRACING.COM
LAS VEGAS, Jul 14, 1999 (BUSINESS WIRE via COMTEX) -- GIC Global Intertainment Corporation, (OTC BB:GGNC) a high technology entertainment and marketing company that markets an online sports book and casino at www.cyberbetz.com, is pleased to announce the sponsorship of a Formula Atlantic Series Racing Team, Empire Racing.
The team is called GIC Racing, and our racecar is number 88. GGNC raises corporate profile through sponsorship of a Formula Atlantic Racing Team. As the principal sponsor of the Formula Atlantic Racing Team, GGNC has joined the ranks of other title sponsors such as Microsoft, MCI, and Players International. GGNC's commitment to increase company profile and gain strong exposure globally through corporate sponsorship, will reach nearly one billion television viewers in Canada, the United States, and 140 countries worldwide in 1999.
Auto racing is the most popular spectator sport in the world and audiences have been coming to tracks in record-breaking numbers. Champions like Michael Andretti, Bobby Rahal, Danny Sullivan, Jimmy Vasser, and Jacque Villeneuve are just some of the predecessors that fans have been watching over this sport's 25 year history in North America. These champions have all started their careers on the Formula Atlantic series.
GGNC will profile the Cyberbetz on-line casino and sportsbook web-site through pre-race promotions, banner placement at racing venues, and the highly visible logo displays on the race car, driver's suite, team transporter, and crew members' uniforms.
Terms of the sponsorship agreement includes telecasts on ESPN2, CTV, and RDS, press releases, insertions within leading motor sports magazines, world media coverage, and personal endorsements. GIC Racing is committed to continuously seeking and creating opportunities of global exposure, which will contribute, to the success of the team and its primary sponsor.
GGNC will also sponsor the Formula 1 race in Macau, Asia, this year to increase our company profile and exposure in Asia.
GGNC invites all its shareholders and interested parties to view our new web-site at GICRACING.COM
Gaming analysts predict that the worldwide gaming business will exceed $4,500,000,000 in revenue within two years, Management believes that GGNC with Cyberbetz.com, Y2Klottery.com and Sportzpage.com are uniquely positioned to become the premier gaming and E-Commerce sites in the world. Internet gaming companies have experienced unprecedented revenue growth.
GIC Global Intertainment Corporation 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 marketplace.
GGNC'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).
This news release may contain 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 Corporation.results may differ materially from the expectations and estimates of GIC Global Intertainment Corporation.
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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