January 21, 2000 NEWS RELEASE
dot com Expands CyberBingo Reach Through Poker.com Deal
BUFFALO, N.Y.--(BUSINESS WIRE)--Jan. 21, 2000--
dot com Entertainment Group, Inc. (``dot com') (OTC BB: DCEG) a fully-reporting Internet technology company, announced today an agreement with Poker.com which will govern Poker.com's participation as the first partner in the dot com Bingo Network Program(TM). The Bingo Network Program(TM) is an expansion of dot com's proprietary sub-license business concept, which allows anyone in the world to operate their own online Bingo hall, through the CyberBingo(TM) infrastructure.
The Bingo Network Program is unique in the on-line Bingo industry because it takes the concept of satellite based bingo games, which link up numerous halls for a nightly Jackpot game, and applies the concept to the Internet. Each individual participant in the Bingo Network Program(TM) will market and promote their own Bingo hall, which will automatically link their players to a central game which is located at dot com's licensee site in St. John's, Antigua at www.cyberbingo.net. Each new Bingo hall will become a member of the CyberBingo(TM) Network, which uses technology powered by dot com.
``We are very excited about this enhancement to our sub-license business model. It allows virtually anyone who has an interest in on-line Bingo to operate a Bingo hall using dot com technology' said Glenn Scott dot com's Marketing Director. ``There is a huge demand for this program from many different groups including online casinos, land based bingo hall operators and bingo enthusiasts, all of which require it for different reasons.'
The company has designed the Bingo Network Program for use in a variety of settings. Internet casino operators will use the network as a ``test market' for on-line Bingo which can lead to further licensing opportunities for dot com technology. It allows Bingo hall operators to use it as a cross promotional tool and central strategy for extending their brand online and Bingo enthusiasts get the thrill of owning their own hall through the use of dot com's proven, award winning Bingo technology.
The benefit to each participant is that there is no, hands on involvement, other than to register a domain name and strategically place it in all the major search engines - the rest will take care of itself. dot com will provide each network member with a series of web pages, allowing them to create their on-line Bingo hall in a matter of hours, and the CyberBingo Corporation will provide all access to its system, including e-commerce capability and infrastructure.
Dot com intends to become an industry leader in the development of Internet entertainment software products, focused on interactive games such as Bingo. The dot com web site can be visited at www.dceg.com. This site has links to the CyberBingo(TM) game system (www.cyberbingo.net), which operates 24 hours per day, 120 games each day, and is played by players from countries throughout the world. dot com has taken steps to expand the reach of its Internet and commercial software throughout 1999 and 2000 to become a leading provider of Internet entertainment software products and services.
This press release may contain forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates
Contact:
Scott White
President, 416/366-1444 swhite@decg.com
or
Investors Contact:
Matthew Emery or Brock Daem, 877/722-5656 |
