GLOW - Global Games, Inc. - Great Profit Potential ! Message Board

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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !

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To: Silicon Trader who wrote (8716)	3/17/1999 9:06:00 AM
From: JOEY	Read Replies (1) of 8879

( BW)(CO-FIRST-ENTERTAINMENT)(FTET) First Entertainment Holding Corp. Announces the Signing of A Letter of Intent With Global Games Corp. Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--March 17, 1999--First Entertainment Holding Corp. ("FTET")(OTC BB:FTET) announced today that it has signed a letter of intent with Global Games Corp. ("Global")(OTC BB:GLOW) for the licensing of Global's sports book software and related technology. The Global software allows for a full range of sports book gaming and will soon offer live horse racing wagering as well. It is anticipated that a definitive agreement will be completed by April 1, 1999. Under the terms of the agreement Global will receive a percentage of the net gaming revenue for the licensing of its software and will provide all technical service and support. The gaming site will be operated from the Commonwealth of Dominica and is projected to be fully operational within thirty days. Users will be able to access the site and play for fun from North America by going to InternetCasino.nu. FTET is committed to maintaining strict compliance with all existing and pending federal, state and local legislation regarding Internet gaming and will build and operate this site to insure strict compliance. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of U.S. $10.2 billion by the year 2002. First Entertainment is a multi-media company and has divisions or subsidiaries operating in the areas of radio broadcasting and comedy clubs. This press release contains forward-looking information with respect to the results of operations and business of FTET that involves risk and uncertainties. FTET's actual future results could be materially different from those discussed. Risks and uncertainties of FTET will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission. --30--azs/sf* mr/sf CONTACT: First Entertainment Holding Corp., Denver Steve Goodman, 303/228-1650 www.FirstEntertainment.com KEYWORD: COLORADO INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT COMPUTERS/ELECTRONICS PRODUCT

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