Here's the press release from StockHouse.com
\SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 8, 1999--COSMOZ.com, Inc. (OTC BB: CMOZ), today announced that is has signed a definitive and binding agreement with INTERNET GAMING CORP., IGC, to purchase the www.CYBERSPADES.com On-line Gaming Website and all corporate rights associated with CYBERSPADES.
IGC is a foreign company domiciled in the Commonwealth of Dominica with a valid offshore Internet gaming license. CYBERSPADES.com is an established and profitable on-line gaming website, within the rapidly growing on-line gaming Internet niche market -- in keeping with COSMOZ.com's previously stated objectives. On-line gaming is a $535 million industry worldwide that is expected to grow to $10 billion in three years, according to Datamonitor PLC, a market researcher in London.
CYBERSPADES currently has approximately 3,400 registered subscribers, who have downloaded their free gaming software from the CYBERSPADES.com. This software can be played both on-line, through live wagering, and also off-line for free.
CYBERSPADES.com currently offers the widest selection of games available on the Internet including: Blackjack, Roulette, Craps, Caribbean Poker, four types of Video Poker, Red Dog, Baccarat, Keno, Pai Gow Poker and up to 95% payout on four types of Slots with jackpots up to $100,000. CYBERSPADES.com also offers a Full sports book with wagering on Football (College/Professional), Basketball (College/Professional), Hockey, and Baseball with Parlay bets, Parlay cards and Teaser bets.
COSMOZ.com intends to accelerate the growth of CYBERSPADES.com. This will be achieved by further developing and aggressively marketing the website as a stand alone business, and also through its presence within COSMOZ.com's "Evolving Universe of Websites" and associated websites.
For example, CYBERSPADES' Software and E-Commerce supplier will be releasing a new version of their on-line gaming software which will enhance CYBERSPADES.com's playing features. This includes 3D panoramic imaging and multi-player games with live chat and web browsing while playing on-line. Additional games may also be offered including Let It Ride, Bingo and Scratch & Wins.
COSMOZ.com's mission is to become a recognized leader in the development and acquisition of high profile, high traffic, niche market - Internet related businesses and web based technologies. COSMOZ.com's goal is to become a major force in the Internet field and is dedicated to achieving this goal in a timely manner.
In addition to COSMOZ.com's recently announced acquisition agreement for the INVESTORSGURU.COM financial website, we are currently in negotiations with several other unique Internet companies for possible mergers or acquisitions in the near future. COSMOZ.com also has several website development projects, within a wide range of Internet Affinities, which are currently being planned for this year.
Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
CONTACT: Makenna, Delaney & Sullivan Inc., Carlsbad
Eric Horton, Diann Tongco, 760/931-2500
info@venturefinance.com
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