June 13, 2000 NEWS RELEASE
Company Press Release
dot com's Corporate Growth Continues
June 13, 2000--dot com Entertainment Group, Inc. (``dot com'') (OTCBB:DCEG - news), a leading technology company specializing in development of e-gaming software and support services, announced today the expansion of its development offices and the addition of several new technology and management staff.
dot com's development offices in Oakville, Ontario will be expanding again to more than 4000 square feet, in order to make room for additional development and support teams and additional management. Over the past 6 months, the company has increased the size of its development offices by more than 500%, as demand for its Internet gaming software technology and support services has increased dramatically.
dot com has expanded its development teams from 5 employees to 21 since January, 2000. Included are several new information technology and computer graphics professionals, who are assisting the company develop new Internet Bingo, Casino and low-denomination games, using a variety of Internet technologies. dot com has also hired senior sales and marketing managers, who will support the development of the company's e-digital services to licensees and will assist in sales and development, within its Internet Casino division. dot com is presently in negotiation with existing Internet Casino operators, who are interested in licensing dot com's Internet Casino technology in place of their current systems, with start-up dates proposed for Q3 2000.
``We are very excited about our growing revenue streams and expansion of our Internet businesses,'' said Scott White, dot com's President and CEO. ``Now that we have the resources to fulfill all aspects of our business model, we expect that our growth will continue at this pace throughout 2000. The fact that we have significantly grown our business while remaining profitable is our most cherished achievement. As a leading company creating expansion in the on-line Bingo category, we expect to continue this trend in other complementary e-Gaming and on-line entertainment sectors.''
dot com is a leading supplier and first mover of e-gaming Internet systems, such as Bingo. The company intends to dominate the supply of technology and support systems in the Internet Bingo space. With some $70 billion spent each year in Bingo halls around the world, the company is confident that the on-line Bingo sector of e-commerce will continue to expand revolutionizing the way Bingo can be played for money, for free and in the charity sectors.
The dot com web site can be visited at www.dceg.com.
This press release may contain forward-looking statements, particularly as related to the business plans of the Company including the use and operation of its software, its acceptance amongst dot com licensees, its acceptability to Bingo players and its operation all 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 estimate
Contact:
dot com Entertainment Group, Inc., Scott White, (416) 366-1444, swhite@dceg.com
or
Investors Contact: Matthew Emery, (877) 722-5656 |
