ANOTHER CONTRACT!!!!!!!!!!!!!!!!!!!!!!!!!!!
Company Press Release
SOURCE: Atlantic International Entertainment, Ltd.
Atlantic International Entertainment, Ltd. (AIEE) Announces Alliance With John Huxley Casino Equipment, Ltd.
Huxley Is The Largest Gaming Product Manufacturer And Distributor In The World With Over 3000 Casino Customers In Its Client Database
BOCA RATON, Fla., May 5 /PRNewswire/ -- Atlantic International Entertainment, Ltd., (OTC Bulletin Board: AIEE - news) AIE announced today that it has entered into an alliance with London-based John Huxley Casino Equipment, Ltd. Huxley is considered the largest casino equipment manufacturer and distributor in the world and currently services 3000 customers, many with multiple casinos. The terms of the agreement call for Huxley to have exclusive distribution rights in England and Europe, non-exclusive for all other regions with the exception of Australia and the United States, for all Atlantic product lines which include: Internet Casino Extension(TM) (ICE)(TM); webSports(TM); Lotto Magic(TM); and Bingo Blast(TM) as well as other products that Atlantic may develop. Atlantic will staff marketing and technical support personnel at the London Huxley offices.
Atlantic's President & CEO Richard A. Iamunno, stated that, ''The alliance with Huxley underlines the Company's commitment to the established gaming and wagering marketplace. Huxley is the ideal partner to reach the audience for Atlantic's developed products. The management at Huxley are seasoned professionals with a long record of success dealing in the gaming marketplace. We are confident that this agreement between our companies will bring substantial returns. This alliance is an important step forward for Atlantic as the foremost producer of Interactive online gaming software.''
John Huxley Casino Equipment, Ltd.'s Chairman & CEO, Jeffrey P. Lindsay, stated that, ''John Huxley's position in the gaming industry with a 3000 customer base provides a greater opportunity for this new product. It further provides the customer with an opportunity to expand its business on a global basis and increase their revenues''.
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.
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