Atlantic International Entertainment, Ltd. Announces License Agreement For The Interactive Casino Extensions(TM) (Ice(TM)); Revenues Are Anticipated To Exceed $500,000 With A Recurring Revenue Stream
PR Newswire - March 22, 1999 10:41
BOCA RATON, Fla., March 22 /PRNewswire/ -- Atlantic International Entertainment, Ltd., AIE Ltd. (OTC Bulletin Board: AIEE) announces today that it has entered into a license agreement with Caribbean Trade Winds, Ltd., (CTW, Ltd.). CTW, Ltd., a Commonwealth of Dominica Corporation, is the owner of PairofDice Casino & Sportsbook. This license is for their Interactive Casino Extension(TM) (ICE(TM)) system. The contract calls for multiple casinos being installed over time, with the first casino scheduled for installation on April 6, 1999.
Atlantic's President and CEO, Richard Iamunno, stated that, "We are pleased to announce that the Dominica based CTW, Ltd. has decided to license our gaming and wagering products. The CTW, Ltd. casino, PairofDice Casino, will cater to both the traditional and interactive gaming & wagering players.
Atlantic International Entertainment, Ltd. develops and markets Internet and private network transaction based products, including global turn-key Internet Casino Extension, for licensed casinos; webSports, an Internet sports wagering system; Lottery Systems for private, government and fund raising purposes; and Bingo for charity and private organization use. Internet-related products and services, including sales of handheld wireless computers and e-Commerce, are provided by Atlantic Internet.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 26, 1998 and form 10Q filed November 16,1998.
For Investor Relations please contact:
Ira W. Miller or Larry Fortune
I.W. Miller Group, Inc.
(949) 833-9001
SOURCE Atlantic International Entertainment, Ltd.
/CONTACT: Richard Iamunno, President & CEO, Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485; or Investor
Relations, Ira W. Miller or Larry Fortune, both of I.W. Miller Group, Inc.,
949-833-9001/
/Web site: aieltd.com
(AIEE) |
