NEWS!!!!!
Leo I. George, Experienced Telecommunications Executive, Appointed Chairman of the Board of Virtgame.com
Corp.
SAN DIEGO, Calif., Sep 8, 1999 (BUSINESS WIRE) --
Established Entrepreneur Leo George Takes on Latest Challenge
after Participating in the Founding of GTE Airfone and WinStar
Communications
Leo George, former Ernst & Young Entrepreneur of the Year Finalist and Senior Vice President of
WinStar Communications Corp. (NASDAQ: WCII), has been appointed Chairman of the Board of Directors of
Virtgame.Com Corp. (formerly Virtual Gaming Technologies, Inc.) (OTC:BB:VGTI). Virtgame.Com Corp.
through its subsidiary, Virtual Gaming Technologies (Antigua) Ltd., offers on-line casino-style gaming
and international sports wagering exclusively for non-U.S. residents. Mr. George was nominated by
Daniel B. Najor, founder of VGTI, who recently resigned as Chairman and as a Director. Mr. Najor said,
"Although I was quite satisfied with the direction of the company, the presentation of the opportunity
to have someone of Mr. George's stature take this company to the next level was simply too good to
pass up." Prior to his election as Chairman, Mr. George had been a practicing telecommunications
attorney since 1963. During that time, he held a number of executive positions including Assistant
General Counsel for the Federal Communications Commission; a founder of Microband and Ruralvision, two
companies that are the genesis of the wireless cable industries; and he served as personal counsel to
John D. Goeken and William G. MacGowan, the founders of MCI Communications. Mr. George and Mr. Goeken
collaborated to launch Airfone, the first commercial telephone service with U.S. airline carriers.
This company was ultimately merged into GTE, forming GTE Airfone. In 1992, Mr. George became President
and Chairman of Avant-Garde Telecommunications Corp., a company which provided nationwide wireless
"last mile" bypass services to long distance carriers such as MCI and AT&T. This company grew and
resulted in a merger that created WinStar Communications, which is today the largest wireless carrier
in the United States. Mr. George's most recent position at Winstar was Vice President for Regulatory
Affairs. In commenting on his acceptance of the position of Chairman of the Board of Virtgame.Com, Mr.
George said, "Virtgame.Com has the potential to become a leader in the international Internet gaming
industry." Joseph R. Paravia, President and Chief Executive Officer, VGTI, said, "We are pleased with
the appointment of Leo George as Chairman of Virtgame.Com Corp. He brings to our company vast
knowledge and experience in the telecommunications industry and will assist us in setting the exciting
strategic decisions that the company will be making in the short term. We look forward to his guidance
and counsel in moving the company forward." As previously stated, Virtgame.Com Corp., San Diego, CA.,
through its subsidiary, Virtual Gaming Technologies (Antigua) Ltd. (VGTA), offers on-line casino-style
gaming and international sports wagering exclusively for non-U.S. residents. In addition, Virtgame.Com
Corp. is presently pursuing negotiations with certain U.S. and international land-based casinos to
provide Internet-based wagering to the casinos' clientele through a platform designed by Virtgame.Com
and based on its proprietary gaming software applications. This news release contains forward-looking
statements that are based on the Company's beliefs as well as assumptions made by information
currently available to the Company. When used in this news release, the words "believe," "expect,"
"anticipate," "estimate," "intend," and similar expressions are intended to identify forward looking
statements. Such statements are subject to certain risks, uncertainties and assumptions, which are
identified in the Company's Annual Report on Form 10-KSB filed with the Securities and Exchange
Commission, and subsequently filed SEC reports. Should any of these risks or uncertainties materialize
or should underlying assumptions prove incorrect, actual results will vary materially from those
anticipated, estimated or projected and variations may be material. This release and prior releases
are available on the KCSA Public Relations Worldwide website at www.kcsa.com.
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