Virtual Gaming Enterprises, Inc. Announces Purchase of Casino Double Diamond
PR Newswire - August 06, 1999 06:35
ESCONDIDO, Calif., Aug. 6 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD) today announced the purchase of an additional Internet gaming site, Casino Double Diamond (CDD).
Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, "The purchase of CDD coupled with the acquisition of Casino Royal Carib (CRC) (PRNewswire/ July 30, 1999) continues our aggressive expansion program aimed at further enhancing our industry position and increasing VGAMD's market share. The online gaming market is projected to grow from $535 million to more than $10 billion in three years and our company is strategically positioned to benefit from the predicted revenue explosion."
"Both the CDD and CRC casino sites along with the related online software are currently being upgraded to Virtual Gaming's specifications with 'Grand Openings' planned during the next thirty days. The previously announced (PRNewswire/ July 14,1999) 'Global Shopping Mall' joint venture with EBB/USA also remains on target for a September introduction," Mr. Williams added.
Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a virtual casino at www.classicbet.com and is the Master Gaming Licensee for the Commonwealth of Dominica (PRNewswire July 7,1999).
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: http//www.classicbet.com/
(VGAMD)
|
