GIC Global: Cyberbetz Reports Virtual Casino Revenues of U.S. $1.56 Million
Business Wire - November 04, 1998 11:05
LAS VEGAS--(BUSINESS WIRE)--Nov. 4, 1998--GIC Global(OTC Bulletin Board:GGNC) GIC Global Intertainment Corporation, (United States OTC BB: GGNC) a high technology entertainment and marketing company that markets an online sports book and virtual casino at www.cyberbetz.com, announced revenues for the month of September as follows: The Cyberbetz Virtual Casino revenues totaled $1.56 Million (not including the Company's toll free Cyberbetz Sports Book revenues).
James Chu, president and CEO of GIC Global Intertainment Corporation said " We are pleased with the response that has been generated from our site during the first 60 days of operations and we are on target to meet our projected revenues of $35 million (for the combined revenues of one Virtual casino operation, one toll-free Sport Book operation and one On-line Sport Book operation) for our first 12 months of operations." The Cyberbetz site began taking live bets on September 1st, 1998. It currently features 15 "Las Vegas style" fast action casino games, and offers a full sports book at 1-888-268-1888. In addition to its toll-free (1-888-268-8888) Sports Book, the Company is in the process of integrating a fully interactive On-line Sports Book and betting service which is anticipated to be operational within the next 30 days. This interactive system will allow customers to bet on any live sporting event in the world using their credit card. Once the On-line Sports Book is operational, the Company anticipates the combined monthly revenues of the Company will at least double or more. Cyberbetz has just been ranked as the No. 1 most popular Internet Gaming site by two independent gambling directories: www.gambleland.com and www.gamblebrains.com, and is now looking at expanding its selection of virtual casino games, including a variety of games that will feature progressive jackpots. In celebration of being ranked the No. 1 most popular Internet gaming site, Cyberbetz is now offering visitors the opportunity to try out all of their games for FREE with $1000 worth of virtual money credits.
Here's what you need to do to try out all of the games:
1. Download the Cyberbetz FREE virtual casino action software, at www.cyberbetz.com. 2. Once the software is downloaded, connect to the server and "register now" as GUEST player. 3. Cyberbetz will give you $1000 in FREE CREDITS to try out all of their games.
The virtual casino games include slot machines, black jack, jacks or better, poker, roulette, baccarat, pai gow, sic bo, bingo, craps, keno and scratch cards. Once you are comfortable playing for FREE and you're feeling lucky, you can open up a real account and play for REAL MONEY. Visa and Mastercard are accepted.
Starting November 15th, 1998, Cyberbetz will be holding a monthly draw for two prize giveaways. The first prize will be $1500 in FREE gambling credits. The second prize will be a trip for two to Las Vegas plus $500 in FREE gambling credits. The draw will be open to all Cyberbetz membership holders. In order to be eligible for the draw, simply sign up for a FREE Cyberbetz membership at www.cyberbetz.com. Winners of the monthly prizes will be posted on the Cyberbetz site on the 15th of each month. GIC Global Intertainment Corporation. is a high technology entertainment and marketing company that searches for proven state of the art technologies that are directly linked to the Internet, specifically in the area of Internet gaming. For additional company information and a full research report, please contact Wall Street Research Group at 800-943-2298 or visit www.superstocks.net, under their recommended and featured company section. The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from GIC's expectations
CONTACT: GIC Global Intertainment Corporation
Chris Sargent, 604/ 688-6888
or Toll Free 1-877-GIC-WINS
604/688-9382 (FAX)
Email: ir@ggncwins.com
Website: www.ggncwins.com
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