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Total Entertainment Announces Slotsvegas.com
Business Wire - May 05, 1999 11:30
RED BANK, N.J. and MONTREAL--(BUSINESS WIRE)--May 5, 1999--Total Entertainment Inc. (OTC BB: TTLN) is pleased to
announce that its wholly-owned subsidiary Intercapital Canada, Ltee., has entered into a joint venture with Summerhill Gaming Limited, to
launch an online casino and sportsbook, WWW.SLOTSVEGAS.COM.
Intercapital Canada Ltee. received five hundred thousand dollars (US$500,000) under the terms of the agreement and fifty percent (50%)
ownership of the website. Slotsvegas.com customers will be able to place wagers using Intercapital's secure electonic commerce system
(I-Cash(TM)), and play games developed by Atlantic International Entertainment Ltd. (OTC BB: AIEE), using their proprietary systems
ICE(TM) and Websports(TM). The sportsbook will offer real-time feed from Las Vegas and Europe.
Mitchell Brown, President of TTLN, stated, "The Slotsvegas.com website will be our third online gaming venue, utilizing our I-cash system
and Atlantic's state-of-the-art gaming systems, and we still have a portal site in development. We and Atlantic have a proven track record in
supporting online casinos with quality gaming products and customer service. Slotsvegas.com will increase our revenue stream and advance
our global strategy of online gaming and electronic commerce." Atlantic's President and CEO, Richard A. Iamunno stated, "The
Slotsvegas.com Casino and Sportsbook demonstrates the ongoing relationship and synergy between Total Entertainment and Atlantic
International Entertainment. In the spirit of global expansion, Atlantic will continue to work closely with Total Entertainment by providing high
quality revenue-producing products."
Total Entertainment Inc. is a debt-free corporation that has experienced explosive growth since its inception and is committed to becoming
the leader in the online gaming and e-commerce industry. Successful competitors in the online casino and gaming industry include:
CryptoLogic (TSE:CRY.TO), GLC Limited (NASDAQ:GLXW), Starnet Communications International Inc. (OTC BB:SNMM), GoCall
Inc. (OTC BB:GOCA), Cosmoz.com (OTC BB: CMOZ), and Youbet.com (OTC BB: UBET).
The statements in 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 are subject to the safe harbor provisions of the Private Litigation
Reform Act of 1995.
CONTACT: Total Entertainment Inc.
Lewis Taylor, Investor & Public Relations
Phone: (514) 878-9400 |
