Atlantic International Entertainment, Ltd. Announces Second License Agreement For Internet Casino Extension (ICE) Product With ImperiaMedia, Ltd.
PR Newswire - April 29, 1999 10:47
The Agreement Is Valued At Over Three Hundred Thousand Dollars ($300,000) For The Term Of The Contract
BOCA RATON, Fla., April 29 /PRNewswire/ -- Atlantic International Entertainment, Ltd. (OTC Bulletin Board: AIEE), AIE, announces the second license of the Internet Casino Extension (ICE) to Caribbean-based, ImperiaMedia, Ltd. It is anticipated that the casino will go live in May. Revenue projected from this project exceeds three hundred thousand dollars ($300,000) over the term of the agreement.
Atlantic's President & CEO, Richard A. Iamunno stated that, "We are finding that our customer base is now providing us with multiple orders for our Internet gaming product line. ImperiaMedia is a client that plans to expand its online casino presence on an ongoing basis and we look forward to working closely with them as they go forth with expansion plans."
Oliver Vermeulen, Managing Director of ImperiaMedia, Ltd. stated earlier 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; web Sports(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.
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) |
