*****************NEWS OUT!!!**********************
Wednesday May 5, 10:31 am Eastern Time
Company Press Release
GGNC Signs Final Agreement to Acquire 100%
Profitable, Reputable & Operating Sports Book:
POST TIME SPORTS
LAS VEGAS--(BUSINESS WIRE)--May 5, 1999--GIC Global Intertainment Corporation -- GGNC on the O.T.C Bulletin
Board (located and licensed in the Commonwealth of Dominica)-- GGNC is pleased to now announce the 100% acquisition
of the premier and profitable Post Time Sports Book Ltd., as reported on March 31, 1999 by PricewaterhouseCoopers.
Post Time Sports (PTS) was first fully licensed as an international sports wagering service by the British West Indies
government of Antigua on June 26, 1997. PTS is regulated by the Antiguan Gaming Commission and operates within stringent
guidelines. As a fully licensed sport wagering service, PTS will continue to operate at its level of professionalism to provide
banking, gaming and legal references.
Mr. James Chu, President and CEO of GIC Global Intertainment Corporation states, ''This a major accomplishment for our
company's expansion plan utilizing our acquisition strategy. Post Time Sports, will make GGNC a more solid and profitable
company, and Post Time's revenues will have a very positive effect on GGNC's total revenues.''
Post Time Sports showed wagering revenues of over $60,000,000 for the year 1998, and it is well on track to increase
revenues in 1999. GGNC is proud to increase its own bandwidth by teaming with outstanding gaming providers such as Post
Time Sports. PTS worked hard to build and maintain a business that was dependable. GGNC is already working together
with the PTS team to develop new ways to enhance and continue to build upon the achievements and success of PTS.
GGNC is excited about introducing the world's first online progressive slot machine ''Cash Splash'' which has the largest
Internet slots payout. ''Cash Splash'' is now available at our Casino site www.cyberbetz.com, and is one of the most popular
progressive jackpots in the on-line gaming industry.
GNNC's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq:SLOT - news), Trans World
Gaming Group (OTC BB:IBET - news), Argosy Gaming Co. (NYSE:AGY - news), International Game Technology Inc.
(NYSE:IGT - news), Cryptologic Inc. (TSE:CRY - news), Starnet Communications International Inc. (OTC BB:SNMM -
news), GLC Limited (Nasdaq:GLCCF - news), Atlantic International Entertainment Ltd. (OTC BB:AIEE - news),
Cybergames Inc. (OTC BB:CYGA - news), IGN Internet Global Network Inc. (VSE:IGN, OTC BB:IGINIF) and Global
Games Corp. (OTC BB:GLOW - news).
GIC Global Intertainment Corporation is a high technology Internet Gaming Company (www.cyberbetz.com) 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.' GGNC has paid a fee for the writing of their research report. For further information or a hard copy
of this report, call 877/660-1932 wallstreetresearch.net.
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.
Contact:
GIC Global Intertainment Corporation
Investor Relations
Keith Lindquist or Shawn Balaghi
Toll Free, 877/GIC-WINS (877/442-9467) or 604/688-6888
E-mail: ir@ggncwins.com
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