(COMTEX) B: e-Vegas.com Inc. Announces Joint Venture With Bet-A-Bunch
B: e-Vegas.com Inc. Announces Joint Venture With Bet-A-Bunch.Com Inc. and
Introduction of NFL "No Points" Football Contest
VANCOUVER, British Columbia, Jul 22, 1999 (BUSINESS WIRE via COMTEX)
-- e-Vegas.com Inc. (OTC BB: EVCM) is pleased to announce that they
have entered into a joint venture for the development of
Bet-A-Bunch.Com Inc., a new on-line sports book gaming company. This
new company will focus entirely on standard and innovative sports book
gaming opportunities for on-line gamers. The new company's name is
based on a standard gambling phrase: "Got a hunch, then bet abunch".
Bet-A-Bunch.Com Inc. was started by Mr. Sid Diamond and Mr. Herb
Rossin, both seasoned Las Vegas executives and businessmen with sports
book and sports entertainment production experience. Bet-A-Bunch.Com
Inc. is offering a number of sports book games at their website which
is located at www.sportswager.com.
"This joint venture opportunity was a natural extension of our
commitment to provide the best on-line gaming to our customers. Our
investment in Bet-A-Bunch.Com Inc. will differentiate us from our
competitors, substantially increase profit opportunities and create
shareholder value", stated Mr. Ed Gallagher, President of e-Vegas.com
Inc. Terms of the joint venture investment, including e-Vegas.com
Inc.'s substantial % interest in the venture will be released at a
later date.
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. Mr. Diamond has managed the sports book business for 5
major casinos.
Mr. Rossin holds gaming licenses in Nevada, Guam and the Cook Islands.
He is a former Vice President of the Home Shopping Network. Mr. Rossin
is involved as a producer in television. Some of his projects include a
television show called Sports Talk, major telethons, syndicated TV
shows and numerous commercials. He is also the owner of ASAP, a
multimedia marketing firm. Mr. Diamond and Mr. Rossin are currently
members of the Board of Directors of e-Vegas.com Inc.
It is expected that Bet-A-Bunch.Com Inc. will become a publicly traded
company on the NASDAQ OTC bulletin board within 60 days.
NFL(TM) "No Points" Football Contest e-Vegas.com Inc. is also pleased
to announce the introduction of a new type of on-line gaming contest.
The NFL(TM) "No Points" contest offers $578,000 in prizes for the
entire football season (based on a minimum # of entries). It is
designed to be a fun contest and entries are limited to two per person.
The entry fee for the entire season is just $34 which is only $2 per
week.
There are no point spreads involved. Each player is only required to
pick the winner of each NFL game on a weekly basis. Each weekly prize
fund of $34,000 is paid out to 100 winners and is broken down as
follows:
Placement of Winner Weekly Prize
------------------------------------------
First Place $15,000
Second Place $ 5,000
Third Place $ 3,000
Fourth Place $ 1,000
Fifth Place $ 500
Sixth to 100th Place $ 100
-------------------------------------------
All prize monies are insured by a $1 million bond from Lloyds of
London to ensure the integrity of the prize fund. Further details on
contest rules and how to register to play the game can be found at the
Company's website located at www.e-vegasgaming.com.
"The real beauty of this contest is that it is mostly for fun and it
doesn't rely on a players ability to pick the points spread in
individual games. Makes it extremely accessible and attractive to
sports fans around the world." Said Mr. Gallagher.
This contest has been operating in the state of Nevada for the past
fifteen football seasons and was originated by the Company's Chief
Operating Officer, Mr. Sid Diamond.
About e-Vegas.com Inc. e-Vegas.com Inc.(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-vegasgaming.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) 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.
This press release contains forward-looking statements with respect to
the results of the operations and business that 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.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: e-Vegas.com Inc.
Tony Markus, (604) 608-6828 or (877) 815-3238
www.e-vegasgaming.com
WEB PAGE: businesswire.com
GEOGRAPHY: INTERNATIONAL CANADA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
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