Casino Pirata.com Begins Talks With Revolutionary Internet Gaming Software PORTLAND, Ore.--(BUSINESS WIRE)--April 20, 1999--Casino Pirata.com Inc. (OTC BB:CISN - news; ''the Company'') is pleased to announce that it has begun discussions to acquire a company that has developed proprietary Internet gaming software.
This new acquisition when completed will have turn key Internet gaming technology that will enhance any current gaming site. The new software we are acquiring creates virtual reality horse racing, where a player can train their own horse, then race that virtual horse at the virtual track. The software has been tested and we are getting a good response with this development in online gaming. Horse wagering on a global basis is a multi billion dollar industry. We feel that with this technology, we will easily become an industry leader in this fast growing horse wagering business. ''It will take online gaming to a whole new dimension,'' stated Paul Stringer, President.
The horse wagering industry is well accepted by the financial community as evidenced by Betting Inc. (OTC BB:BETT - news), Virtual Gaming (OTC BB:VGTI - news), Inter Gaming (OTC BB:SBET - news), Total Entertain (OTC BB:TTLN - news), Dot Com Enter GP (OTC BB:DCEG - news), Amer Wagering (Nasdaq:BETM - news), and Amer Digital Com (OTC BB:ADCM - news).
Through its own initiatives, through partnerships and alliances with other companies, Casino Pirata will now become through this acquisition, a provider of a variety of online entertainment.
''This acquisition by Casino Pirata is inline with our business plan to become a world leader in the Internet Gaming industry,'' stated Paul Stringer.
Casino Pirata.com, a themed based Casino and Sportsbook, will soon be offering Vegas style casino games such as blackjack, roulette, pai-gow, and craps along with wagering on professional sporting events such as the NFL, NBA, NHL, and Major League Baseball. The Company's web site is located at casinopirata.com.
The number of Internet users around the world is constantly growing. The Computer Industry Almanac reported that by the year 2000, 327 million people around the world will have Internet access. The top 15 countries will account for nearly 82% of these worldwide Internet users (including business, educational, and home Internet users). By the year 2000 there will be 25 countries where over 10% of the population will be Internet users.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
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Contact:
FMC, Longwood, Fla.
Investor/Media Relations:
Jennifer Thompson, 407/696-2221
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