SYDNEY, Australia, March 10 /PRNewswire/ -- Solomon Telekom has granted
software development company New Discoveries Publishing Corp.
(OTC Bulletin Board: NWDP) the option to license its software to Internet
gaming, sportsbook and wagering companies based on Solomon Islands.
The software license follows recent negotiations between New Discoveries
and Solomon Telekom.
New Discoveries and its licensees will use the Island's infrastructure and
telecommunication services to make Internet gaming accessible to the world's
wagering population, estimated to be worth a staggering $29.2 billion by next
year.
New Discoveries Publishing Corp. CEO and Chairman Peter Michaels said that
the agreement gives New Discoveries the option to license its software to
companies to conduct Internet gaming, sportbetting and wagering activities on
the Island.
"We now have the technology, infrastructure and licensing regulations to
begin our Internet gaming facilities," said Mr. Michaels.
Mr. Peter Michaels said he believed the New Discoveries' license agreement
would set a precedent for regulated Internet and sports wagering activities
throughout the world.
"New Discoveries is in the unique position to facilitate the flow of
regulated Internet gaming by licensing our software to companies in the
Solomon Islands. This will bring increased Internet traffic to the Island,"
he said.
Delighted with today's license approval, Mr. Michaels believes that this
is an indication of the confidence in Internet technologies.
"The growth of Internet gaming is being reflected in investor confidence
and stock prices could parallel those of other telecommunication and Internet
stocks," he says.
In the past three months, Infoseek has risen 111% from $35 to $74; Dell
has risen 26.5% from $68 to $86-1/6; Netscape has risen 107% from $38 to a
high of $78-3/4.
New Discoveries Publishing Corporation, a Nevada-based company, was formed
in 1993 and approved for trading in September 1998. It is dedicated to
providing high quality, gaming and entertainment with an emphasis on customer
service.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical fact are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays in
testing and evaluation of products and other risks detailed from time to time.
SOURCE New Discoveries Publishing Corporation
-0- 03/10/99
/CONTACT: Jennifer Parker, +61-2-9818-0919, or jparker@ppr.com.au, or
Melanie King, +61-2-9818-0920, or mking@ppr.com.au, both of Professional
Public Relations, for New Discoveries Publishing Corporation/
(NWDP)
CO: New Discoveries Publishing Corporation; Solomon Telekom
ST: Australia; Nevada; Solomon Islands
IN: CNO TLS MLM
SU: LIC |
