EVCM news.....
Thursday September 9, 4:17 pm Eastern Time
Company Press Release
E-Vegas.com Inc. Announces Surging Sports Book Wagering and Increased Levels of Customer Satisfaction
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 9, 1999-- E-Vegas.com Inc. (OTC BB: EVCM) is pleased to report that its sports book business is generating an average of $100,000 (US$) per day in sports book wagers.
This level of wagering is substantially greater than the results the Company originally expected prior to the sports book-wagering season getting into full swing.
Based on these exceptional results, E-Vegas.com's Sports Book Director, Mr. Sid Diamond, is revising his forecasts upward and predicts that once NFL and college football seasons start in mid-September, the Company should be able to achieve between $250,000 - $300,000 (US$) per day in sports book wagering.
''We are confident that the Company will be well on its way to achieving the results predicted by Mr. Diamond. He is one of the legends in this business and no one knows how to operate a successful sports book like Sid,'' stated Mr. Ed Gallagher, President of E-Vegas.com. He added, ''These estimates are based primarily on the onset of the college and pro football seasons; we expect pro hockey, World Series baseball and college and pro basketball to have a significant impact as well on our business.''
The Company also reports that the sports book business is consistently achieving profitable operations in the 7% net win range.
Increased Customer Satisfaction Levels
The Company is also pleased to report that the CasinoCasino JAVA based software platform provided by Chartwell Technologies Inc. (ASE:CWH) is performing exceptionally well and resulting in high levels of customer satisfaction.
''Our polling of customers indicates that they are extremely happy with the new software platform in terms of speed, effectiveness of operation and general enjoyment levels,'' stated Ed Gallagher.
About E-Vegas.com Inc.
E-Vegas.com Inc. (TM) is a casino, electronic gaming and telecommunications business based in Costa Rica. The Company is involved in two business sectors. The first sector has been the establishment of an online casino and gaming business at www.e-vegasgaming.com. The Company is also involved in providing telecommunications services in Costa Rica.
Frost & Sullivan estimate that wagering via the Internet was approximately $1 billion in 1998. Gaming consultants Christinansen/Cummings estimate Internet wagering to reach $2.3 billion by 2001. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US$10.2 billion by the year 2002.
This press release contains forward-looking statements with respect to the results of operations and business which 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.
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Contact:
E-Vegas.com Inc.
Tony Markus, 877/815-3238 or 604/608-6828
www.e-vegasgaming.com |
