(BSNS WIRE) Cosmoz.com, Inc. Reports Better Than Expected RealBet.com Re
Cosmoz.com, Inc. Reports Better Than Expected RealBet.com Revenues; Sports Book
Recently Added
Business Editors
SAN RAMON, Calif.--(BUSINESS WIRE)--March 31, 1999--Cosmoz.com,
Inc. (OTC BB:CMOZ) reports that its wholly owned Cosmoz Online Gaming
subsidiary has shown better than expected wagering results in its
first few days of operation.
In the past four days, betting has increased from approximately
$2700 to $5400 to $31,000 to over $37,000 per day at the
www.RealBet.com Online Casino.
Cosmoz.com is encouraged with these early results, especially
considering that Cosmoz Online Gaming has not yet started its
marketing campaign. The company's second Online Gaming Website will
have a specific theme and is expected to be released soon.
Cosmoz Online Gaming is developing five Internet Casinos, which
will be aggressively marketed as stand alone businesses and also
through the "Cosmoz Online Gaming District" website, Cosmoz.com's
"Evolving Universe of Websites" and associated websites.
In addition, a complete Sports Book has been recently added to
Realbet.com, which provides access to real time betting lines from Las
Vegas. A variety of betting combinations and parley bets can now be
made on Boxing, Football, Basketball, Hockey, Baseball, Auto Racing,
Soccer, Tennis, Golf, Rugby, Cricket and other professional and
amateur sports. Horse Racing will also be added in the near future.
RealBet's competitors within the Internet gaming market include
Anchor Gaming Inc., Harrah's Entertainment Inc., Trans World Gaming
Group, Argosy Gaming Co., International Game Technology Inc., Azbar
Corp., Cryptologic Inc., GLC Limited, Atlantic International
Entertainment Ltd., Cybergames Inc., IGN Internet Global Network Inc.,
GIC Global Intertainment Corp. and Global Games Corp. .
On-line gaming is currently a $600 million industry worldwide.
Within three years, it is expected to grow to over $10 billion per
year, according to Datamonitor PLC, a market researcher in London.
ABOUT COSMOZ.COM
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. Cosmoz.com,
Inc. is currently negotiating several website acquisitions.
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.
--30--as/sf*
CONTACT: Hampton-Porter Investment Bankers, San Diego
Michael Losse, 800/545-3345
mlosse@hpib.com
or
Makenna, Delaney & Sullivan Inc., Carlsbad
Eric Horton or Diann Tongco, 760/931-2500
dt@venturefinance.com
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