NEWS...
Thursday April 15, 11:22 am Eastern Time
Company Press Release
GGNC Is Pleased to Announce $6.3 Million in March Wagering Revenues
LAS VEGAS--(BUSINESS WIRE)--April 15, 1999--GIC Global Intertainment Corp. (OTC BB:GGNC) (located and licensed in the Commonwealth of Dominica), today announced that the combined volume in March 1999 of transactions placed through the company's www.cyberbetz.com on-line sports book (US$2,164,361) and its casino (US$4,207,708) was US$6,372,069.
GGNC's management is pleased to announce that the casino and sports book net wins increased over the month of February 1999.
March 1999 brought us to the end of our previous marketing and advertising campaign. During March 1999 GGNC's marketing team, along with two independent marketing and advertising firms, have put a dynamic target marketing and target advertising campaigns together. These campaigns include extensive media advertising in magazines, sports publications, and TV commercials. The campaigns have also been aiming at the Asian markets.
The potential of the Internet continues to increase each week. Forrester Research recently estimated that worldwide Internet commerce could reach as high as US$3.2 trillion in 2003. The 1998 Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US$100-200 Billion in annual revenues by 2005.
GIC Global Intertainment Corporation is a high technology Internet Gaming Company that searches for proven technologies, which are directly linked to the Internet. The company intends to seek market dominance by way of mergers and acquisitions of Internet-related gaming companies and technologies that are already positioned in the marketplace.
The Wall Street Research Group, a company that features undervalued stocks in emerging growth markets, has listed GGNC as a ''recommended buy.'' For further information, see www.superstocks.net/gicglobal.com or call 1-888-615-1145.
GNNC's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq:SLOT - news), Harrah's Entertainment Inc. (NYSE:HET - news), Trans World Gaming Group (OTC BB:IBET), Argosy Gaming Co. (NYSE:AGY - news), International Game Technology Inc. (NYSE:IGT - news), and Azbar Corp. (NYSE:AZR - news), Cryptologic Inc. (ToSE:CRY), Starnet Communications International Inc. (OTC BB:SNMM), GLC Limited (Nasdaq:GLCCF - news), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Cybergames Inc. (OTC BB:CYGA), IGN Internet Global Network Inc. (VcSE:IGN), (OTC BB:IGINIF) and Global Games Corp. (OTC BB:GLOW).
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of GIC Global Intertainment Corporation.
Investor Relations contact: Keith Lindquist or Shawn Balaghi at 1-877-442-9467, HYPERLINK e-mail to ir@ggncwins.com or 604/688-6888
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