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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: BlueIce who wrote (193)	10/28/1999 11:22:00 AM
From: Joe Griffin	Read Replies (1) of 207

E-Vegas.com Inc. Announces Communications with the SEC and Status of Efforts to Re-Attain Nasdaq Bulletin Board Trading Status VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 28, 1999-- E-Vegas.com Inc. (Pink Sheets:EVCM) announced that it has received a letter dated Oct. 21, 1999, from the Securities and Exchange Commission in response to the filing of its Form 10-QSB on Oct. 19, 1999. Subsequent discussions with SEC staff were conducted following receipt of the letter. The letter states that the SEC has not and does not intend to review the filings received by E-Vegas.com Inc. and that the ''registration statement will go effective automatically on 60 days after filing unless an acceleration request is provided. Otherwise the staff will make no further comments.'' In order to expedite the resumption of trading on the OTC Bulletin Board prior to the 60 day period, the Company has responded by filing the necessary acceleration request along with the appropriate documentation. The Company now awaits the assessment of this request and additional filings. ''We fully appreciate the quick and timely response by the SEC and their staff in dealing with this situation. We are very pleased with the progress that has been made to resume trading on the OTC Bulletin Board. It is our belief and this is supported by the response from the SEC that, with exception to timing, we are in compliance with NASD Rule 6530. I encourage anyone that wants to discuss these developments to call our office at 1-877-815-3238,'' stated Tony Markus, Vice President. 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. Contact: E-Vegas.com Inc. Tony Markus, 877/815-3238 or 604/608-6828

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