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Non-Tech : e-Vegas.com (EVCM) formerly ECGC
EVCM 11.69-3.0%Oct 29 3:59 PM EDT

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To: Francois Goelo who wrote (186)10/19/1999 3:14:00 PM
From: SuperValu  Read Replies (1) of 207
 
E-Vegas.com Inc. Announces Filing of Form 10-SB With the SEC

E-Vegas.com Inc. Announces Filing of Form 10-SB With the SEC to Become a Fully Reporting Company

VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 19, 1999--E-Vegas.com Inc.(OTC BB:EVCME) is pleased to announce that it has filed a Form 10-SB Registration Statement with the Securities and Exchange Commission (SEC) to become a fully reporting company.
Although the Company is currently publicly traded on the Nasdaq OTC Bulletin Board (OTC BB), E-Vegas is not a reporting company under the Securities Exchange Act of 1934, as amended. Due to new rules adopted by Nasdaq (see NASD Rules 6530 and 6540, SEC Release No. 34-40878) on January 4, 1999 the SEC required all OTC: BB companies to
become reporting. It is the Company's full intention to comply with these new rules of the SEC and become a reporting public company.
The Company's Form 10-SB is available for viewing via the SEC web site at www.sec.gov (http://www.sec.gov) by searching the EDGAR Database. The Form 10-SB is currently under review by the SEC and must
clear all SEC comments to become effective. Upon clearing all SEC comments E-Vegas will become a reporting public company and the "E" designator will be removed from its trading symbol.

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
including telecommunications ventures and e-commerce business that will enhance its overall growth and profit potential 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.

--30--ajg/in*

CONTACT: E-Vegas.com Inc.
Tony Markus, Vice-President
877/815-3238 or 604/608-6828
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