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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !
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To: Freddie Forte who wrote (6452)8/15/1998 11:27:00 AM
From: jjbucci  Read Replies (1) of 8879
 
Freddie,

This is an excerpt from the July 30, 1998 press release.
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This Agreement calls for the Commonwealth of Dominica, West Indies to receive approximately U.S. $9,000,000 per year, which is ten percent (10%) of the projected pre-tax profit.

Island Sports Book and Casino will begin operations with full betting sports book wagering available by phone on August 5, 1998 and will be online for international wagering beginning August 10, 1998.

A complete menu of virtual casino games will be added in the near future.

This is a five-year trilateral agreement that allows Island Sports Book and Casino to share technical and secure transactional
support with Internet Gaming Corp. of Dominica, a private company with whom Global Games already has a licensing agreement in place.

Island Sports Book and Casino will function and operate as an international business corporation under the laws of the Commonwealth of Dominica.

Global Games Corp. will receive ten percent (10%) of the pre-tax profits for the life of the Agreement as a software licensing fee
and to provide software enhancements and ongoing support.

Island Sports Book and Casino will provide Global Games with audited statements quarterly.
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I hope this helps.

jjbucci
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