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News July 21, 09:26 Eastern Time
Go Call Inc. Reports First Profitable Quarter: Earns Net Income of $280, 213, or $0.014
Per Share, for the Quarter Ended June 30, 1999
NEW YORK, Jul 21, 1999 (BUSINESS WIRE via COMTEX) -- Go Call Inc. (www.goca.com) (OTC BB: GOCA)
reported that for the three months ended June 30, 1999, the casino managed by Go Call reported gross wagering
receipts of $14,707,118, which, together with Go Call revenue from other operations of $128,496, resulted in net
income to Go Call of $280, 213, or $0.014 fully diluted per share.
Comparable results for the three months ended March 31, 1999, were $10, 717,129 in gross wagering receipts to
the casino and $464,506 in Go Call revenue from other operations, which resulted in net loss to Go Call of
$320,673, or $0.016 per share.
Go Call is also disclosing its six-months results since it intends to file Form 10SB to become a fully reporting
company subject to the Securities Exchange Act of 1934. For the six months ended June 30, 1999, gross
wagering receipts to the casino were $25,424,247, which, together with Go Call revenue from other operations of
$593,002, resulted in net loss to Go Call of $40,460, or $0.002 per share.
The financial information disclosed in this release does not include results of operations of Go Call's 92
percent-owned subsidiary, Country Star Restaurant Inc., or the effect of a one-time gain of $500,000 on the
pending sale of Go Call's Caribbean Resort in the Dominican Republic.
Go Call is an Internet and telecommunications service company specializing in e-commerce. Its services include
Internet management, licensing of online casinos, a banner-ad network, a paging service, the development of a
comparison-shopping search engine and Internet kiosks.
Go Call's competitors within the Internet gaming market include Cryptologic (OTC BB: CRY), Starnet
Communications (OTC BB: SNMM), Atlantic International (OTC BB: AIEE), Youbet.com (OTC BB: UBET),
GalaxiWorld.com (NASDAQ: GLXW), GIC Global (OTC BB: GGNC), First Entertainment (OTC BB: FTET).
Some paragraphs of this news release, particularly those describing Go Call's strategies and business plans,
contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. While Go Call is working to achieve those
goals, actual results could differ materially from those projected in the forward-looking statements as a result of a
number of factors, including difficulties in marketing its products and services, need for capital, competition from
other companies, and other factors, any of which could have an adverse effect on the business plans of Go Call,
its reputation in the industry or its expected financial return from operations. Factors such as these could have an
adverse effect on Go Call's results of operation. In light of significant uncertainties inherent in forward-looking
statements included herein, the inclusion of such information should not be regarded as a representation by Go
Call or any other person thatthe objectives and plans of Go Call will be achieved.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: Go Call Inc.
Investor Relations, 800/448-2296
519/651-2121
ir@goca.com
www.goca.com
WEB PAGE: businesswire.com
GEOGRAPHY: NEW YORK INTERNATIONAL LATIN AMERICA
INDUSTRY CODE: INTERACTIVE/MULTIMEDIA/INTERNET
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