12/8/99 -
Global Net Entertainment Corp. and Gamex, Inc. Enter Into Exclusive Agreement
TORONTO--(BUSINESS WIRE)--Dec. 8, 1999--Mr. Julius Csurgo, Chairman
and CEO of Global Net Entertainment Corp., a Canadian Venture Exchange listed
public company (GET/V), today announced that it has entered into an exclusive
strategic partnership with Gamex, Inc. to provide the Company with marketing and
project development management services.
Gamex, Inc., is currently developing a national lottery in The Kingdom of Cambodia
and designing a casino operation in Guinea, West Africa. It is also in final discussions
with two Southeast Asian and one African country for lottery and casino licenses. Global Net Entertainment Corp. is involved
in the retail lottery and video lottery terminal business through a Barbados subsidiary of the Company, and has a software
development and online gaming subsidiary operating in St. Kitts.
Mr. Eric Fisher, Chairman of Gamex, Inc. stated that "We are looking forward to assisting Global with the development of
many of the projects they now have underway in South and Central America, and to helping them expand their business into
other international markets." Mr. Csurgo welcomed the addition of Mr. Fisher and Gamex's management resources to Global,
noting that "Global now has the capability to offer a full range of services to the Lottery Industry on a worldwide basis."
Gamex, Inc. has operated out of Nevada since 1997. Previously, as CEO and President of Rockwealth International in
British Columbia, Mr. Fisher served as Chairman for a publicly traded company and successfully negotiated joint ventures for
casino operations with two separate Native Bands, and signed agreements with two Southeast Asia countries for the
development and operation of automated lottery systems and casino operations. Before this, he was Executive Vice President
of Desert Inn International and Director of Marketing of The Mirage, both in Las Vegas.
Mr. Fred Collins is a Director and Chief Operating Officer of Gamex, Inc. His background in the Lottery Industry dates
back to 1984 and includes a ten year relationship with GTECH Corporation, the leading vendor of lottery services worldwide.
During that decade Mr. Collins participated in over 75% of all "computerized" or online lottery implementations around the
world, and has cumulatively participated in over 75 new lottery and gaming ventures in 30 countries since 1984.
Mr. Csurgo also announced today that subsidiary Global Net (Barbados) Inc. is planning to have 50 Video Lottery
Terminals installed in Puerto Cortes, Honduras, the busiest port in Central America, before Christmas. In addition, the
Company is also involved in progressing two letters of intent into separate binding agreements that will involve the installation of
200 retail lottery terminals in Honduras and Nicaragua respectively.
Shares Issued: 8,865,256
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takes off his golf cap, closes his eys, and bows down in prayer. His friend says, "Wow, that is the most
thoughtful and touching thing I have ever seen. You truly are a kind man." The man then replies, "Yeah, well
we were married 35 years."
Best of investing to all
Lauron |
