Virtual Gaming Enterprises, Inc. Announces Purchase of 'Omni Casino' And Registration of 'thecasinothemepark.com'
ESCONDIDO, Calif., Sept. 22 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD) today announced the purchase of an additional Internet gaming site, Omni Casino (OC), and the registration of the Internet domain of thecasinothemepark.com.
Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, "Omni Casino, we believe, will be the first operational Internet gaming site to specifically target the 'Singles Market.' In addition to traditional games of chance, Omni Casino will offer singles lifestyle adjuncts such as personal postings, chat rooms and other related activities. The demographics of this market segment, particularly in the areas of disposable income and Internet/computer skill, makes this the most logical step in our continued aggressive expansion program aimed at further enhancing our industry position and increasing VGAMD's market share.
"Virtual Gaming Enterprises, Inc. is committed to offering Internet gaming themes that appeal to virtually every market segment, every age group and every interest group. Accordingly, we have registered the Internet domain of 'thecasinothemepark.com' from which our Internet 'casino family,' currently numbering seven (7), should operate by November 1, 1999. The 'theme park' concept not only will maximize VGAMD's inter-site synergy but will also greatly facilitate future expansion and increase customer loyalty.
"The online gaming market is projected to grow from $535 million to more than $10 billion in three years (source:Data Monitor) and our company is strategically positioned to benefit from the predicted revenue explosion," 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 a 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.
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SOURCE: Virtual Gaming Enterprises, Inc.
CONTACT: Communications Group, 888-285-6808, for Virtual Gaming Enterprises, Inc. |
