CasinoBuilders.com Retained on $36,000,000 Casino Ship Relocation
LONDON--(BUSINESS WIRE)--Dec. 2, 1999--CasinoBuilders.com (OTCBB:CSNO) announced at the Symposium on Internet Gambling Law and Management in London that it has been retained as a broker to find an active homeport and initiate operations of the newly built "Casino Cancun" casino gaming ship. The 220-foot ocean going ship is the most modern casino gaming ship in the world. CasinoBuilders.com plans to provide ongoing marketing and operational services to the ship, and is in negotiations for an equity ownership position.
The "Casino Cancun" casino gaming ship is temporarily berthed in Freeport, Bahamas after licensing difficulty prevented the Panamanian registered ship from planned operations in Cancun, Mexico. Fully fitted, ready for operations, and U. S. Coastguard licensed, CasinoBuilders.com will utilize its jurisdictional licensing expertise to quickly place the ship in an attractive and profitable location and then assist in the launch and continuing operations of the casino gaming ship. CasinoBuilders.com plans to implement its popular loyalty awards program, E-Players Club (www.e-playersclub.com) as part of the casino ship marketing program.
"Diversifying our revenue sources as we grow our business continues to be a primary management focus of our company," Andy Ruppanner, President and CEO of CasinoBuilders.com stated. "This opportunity to enter the sea based gaming industry is exciting to us for it will significantly add to our revenue stream. Through a possible equity participation we plan to obtain assets in excess of the amount required for full NASDAQ listing. We are also in discussions to provide marketing and operational services to land based casino companies as well as to provide them Internet casino capability to project their brand forward to their market."
CasinoBuilders.com is a publicly traded Internet marketing and operational services company focused on the global entertainment gaming industry. CasinoBuilders.com provides management consulting, marketing and operational services, to new and existing members of the land, sea and Internet gaming communities. For additional information about our company, please visit our website www.casinobuilders.com, send an e-mail to info@casinobuilders.com, or call our Investor Relations Department toll free at 1-888-288-7506.
Please note: Included in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurances that such expectations reflected in such forward-looking statements will prove to have been correct.
CONTACT:
CasinoBuilders.com
CJ Craig, Investor Relations, 1-800-548-0010
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