Virtual Gaming Enterprises, Inc. Announces Initiation of Coverage by DDstockpicks.com
ESCONDIDO, Calif.--(BUSINESS WIRE)--Jan. 5, 2001--Virtual Gaming Enterprises, Inc.(OTCBB:VGAM - news) today announced that www.ddstockpicks.com, a world-renowned website for profiling under-valued Over-The-Counter stocks with enormous growth potential, features a profile on Virtual Gaming Enterprises, Inc.
www.ddstockpicks.com recognizes that VGAM is currently participating in the most explosive industry in the Internet revolution, according to Jason Ader of Bear Stearns Co. (NYSE:BSC - news). Assets include 18 online casinos located at www.thecasinothemepark.com, www.classicbet.com and a 20% stake in an online sportsbook that can be wagered on at www.vegasbook.com.
In another previous announcement, Virtual Gaming Enterprises, Inc. entered into a letter of intent with Wow Technologies, Inc. to cross market www.thecasinothemepark.com through its proprietary site, www.luxcard.com, in return for a 24-month agreement to run a digital certificate for the Luxcard within Virtual Gaming's casino themepark site.
Virtual Gaming also engaged an outside firm for the design of an enhanced corporate investor relations site that will include a flash intro, as well as utilizing the latest web-development technologies available, to put VGAM's online investor relations at the forefront of the online gaming industry.
Late last year, Virtual Gaming Enterprises recognized the importantance of site traffic so they strategically implemented an advertising program with three of the leading industry print publications: Casino Player, Strictly Slots, and Poker Digest magazines. These three publications will contain one-page advertisements for 12 months starting in Febuary 2001 and represent the best and most effective vehicle to reach targeted demographics.
www.ddstockpicks.com's mission statement is: ``DD -- 'Due Diligence'. We want to bring YOU the individual investor in touch with the companies of tomorrow by profiling such EMERGING stocks with good old-fashioned Due Diligence and hard work!''
Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a family of 18 Internet virtual casinos at www.thecasinothemepark.com and www.classicbet.com; is a partner in the sports book, www.vegasbook.com; and is a Master Gaming Licensee for the Commonwealth of Dominica. The online gaming market is projected to grow from $535 million to more than $3 billion by 2002 (source: Bear Stearns Co., NYSE:BSC) and the Company is strategically positioned to benefit from the predicted revenue explosion. Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc.'s future business and prospects and could cause actual results to differ materially from these forward-looking statements.
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Contact:
Virtual Gaming Enterprises, Inc.
Virgil Williams, 760/510-0188
info@vgam-ent.com
vgam-ent.com |
