NEWS!! Two new licensees! Have you checked out their new 3D JAVA based software on the AIEE web site? It's awesome!
Atlantic International Entertainment, Ltd. Is Pleased To Announce The Sale Of
Multiple Casinos To ImperiaMedia, Ltd.
PR Newswire - April 22, 1999 13:24
The Sale Is Valued At Over Three Million Dollars For The Term Of The Contract
BOCA RATON, Fla., April 22 /PRNewswire/ -- Atlantic International Entertainment, Ltd., AIE (OTC Bulletin Board: AIEE) is pleased to
announce the sale of multiple casinos to ImperiaMedia. The first casino will go live next week and is called Goldmine Casino. A second
casino, Casino Nederlands, will be installed and running within two weeks. Both of these casinos will be located in the Caribbean Basin.
This agreement calls for upfront cash of $300,000 and a reoccurring revenue stream, beginning after installation.
Atlantic's President & CEO, Richard A. Iamunno stated that, "We are pleased to announce this exciting agreement with ImperiaMedia, Ltd.
They are experienced players in the Internet marketplace and have consistent experience in attracting new players. We feel this is only the
beginning of our relationship and look to expand into additional areas, such as our network gaming products."
Oliver Vermeulen, Managing Director of ImperiaMedia, Ltd. stated that, "We are pleased with our alliance with Atlantic International
Entertainment, Ltd. It is a perfect match to our Internet gaming hosting & licensing services. We feel that the AIE software is the superior
product in the market place."
Atlantic International Entertainment, Ltd. develops and markets Internet and private network transaction based products, including global
turn-key Internet Casino Extension(TM) (ICE)(TM), for licensed casinos; webSports(TM), an Internet sports wagering system; Lotto
Magic(TM) a lottery system for private, government and fund raising purposes; and Bingo Blast(TM) for charity and private organization
use.
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 of Atlantic International
Entertainment, Ltd., 561-393-6685 or fax 561-393-1485/
/Web site: aieltd.com
(AIEE)
In FLTH023, "Atlantic International Entertainment, Ltd. Is Pleased To Announce The Sale Of Multiple Casinos To ImperiaMedia, Ltd."
moved earlier today, we are advised by the company that the headline and the first paragraph, have been changed, and should read as
follows:
Atlantic International Entertainment, Ltd. (AIEE) Announces The Multiple
Licensing Of Its Internet Casino Extension(TM) (ICE)(TM) To
ImperiaMedia, Ltd.
The Sale Is Valued At Over Three Million Dollars For The Term Of The Contract
BOCA RATON, Fla., April 22 /PRNewswire/ -- Atlantic International Entertainment, Ltd., AIE (OTC Bulletin Board: AIEE) is pleased to
announce the sale of multiple casinos to ImperiaMedia. The first casino will go live next week and is called Goldmine Casino. A second
casino, Casino Nederlands, will be installed and running within two weeks. Both of these Internet casinos will be located in the Caribbean
Basin and will offer the following games: slots, video poker, blackjack, mini-baccarat, roulette, video, keno, sic bo and scratch-offs lottery.
This agreement calls for upfront cash of $300,000 and a reoccurring revenue stream, beginning after installation.
/PRNewswire -- April 22/
(AIEE)
In FLTH023, "Atlantic International Entertainment, Ltd. Is Pleased To Announce The Sale Of Multiple Casinos To ImperiaMedia, Ltd."
moved earlier today, we are advised by the company that the headline and the first paragraph, have been changed, and should read as
follows:
Atlantic International Entertainment, Ltd. (AIEE) Announces The Multiple
Licensing Of Its Internet Casino Extension(TM) (ICE)(TM) To
ImperiaMedia, Ltd.
The Sale Is Valued At Over Three Million Dollars For The Term Of The Contract
BOCA RATON, Fla., April 22 /PRNewswire/ -- Atlantic International Entertainment, Ltd., AIE (OTC Bulletin Board: AIEE) is pleased to
announce the sale of multiple casinos to ImperiaMedia. The first casino will go live next week and is called Goldmine Casino. A second
casino, Casino Nederlands, will be installed and running within two weeks. Both of these Internet casinos will be located in the Caribbean
Basin and will offer the following games: slots, video poker, blackjack, mini-baccarat, roulette, video, keno, sic bo and scratch-offs lottery.
This agreement calls for upfront cash of $300,000 and a reoccurring revenue stream, beginning after installation.
/PRNewswire -- April 22/
(AIEE) |
