May 25, 1999 NEWS RELEASE
dot com Entertainment Group Inc.
Olympic Tower, 300 Pearl Street, Suite 200
Buffalo, New York 14202
On-line Bingo Business doubles within 10 days of Software Upgrade release
BUFFALO, NY: MAY 25, 1999 - dot com Entertainment Group, Inc. ("DCEG" or "dot com") (OTCBB: DCEG) is pleased to announce the successful results of it's most recent CyberBingo Version 4.0 offering. dot com's licensee, the CyberBingo Corporation of Antigua, has reported a significant player increase of more than 100% since May 11, 1999 (date of the upgrade). Player's comments on the recent software upgrade and other business changes, have all been extremely favorable and are evidence that the company's software systems, help desk, e-commerce and game services are unparalleled anywhere in the industry. The CyberBingo Corporation maintains and frequently posts player's comments that can be viewed at cyberbingo.net.
dot com is pleased to announce that it is currently testing it's next release, CyberBingo™ Version 4.5, which has further graphical and business refinements over its predecessor. One of the new key features of the 4.5 version is the new "4-card for a dollar" format. The Version 4.0 game interface has been redesigned to allow players to participate in games of Bingo for only $0.25 (25 cents). Also, a new 3-tab selector has been added to the game interface so players can purchase and easily manage up to 24 cards simultaneously if they desire. CyberBingo™ 4.5 is scheduled to be released in the coming days.
dot com expects the new software features found in CyberBingo™ 4.5 will again significantly increase the popularity of the CyberBingo™ game system and the company's name as a leading developer of internet entertainment software products. These recent refinements also provide for a more effective platform for efficient Internet operation of the company's other software products. The company is pleased to report that it is nearing completion of its Keno game, which is currently under development.
Additionally, in order to add a real voice to dot com's business and management profile the company has implemented a "real audio" President's Message in the corporate profile on the companies web site.
The dot com website can be visited at www.dceg.com. This site has links to the CyberBingo™ game system (www.cyberbingo.net), which operates 24 hours per day, 220 games each day, and is played by players from countries throughout the world. dot com plans to expand its Internet and commercial software product base in 1999 to become a leading provider of Internet entertainment software products and services.
FOR FURTHER INFORMATION PLEASE CONTACT:
Scott White, President or Andre Kern, Controller & Investor Relations
at dot com Entertainment Group, Inc.: (416) 366-1444 akern@dceg.com
Investors Contact: Juan Dominguez & Dian Griesel, Ph.D.
Media Contact: Richard Land
at The Investor Relations Group: (212) 664-8489
.com is a development-stage company. Certain of the information contained in this news release constitutes "forward-looking statements", including but not limited to those with respect to the future revenues, the Company's development strategy, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the continued acceptance of the Internet, number of visits to the Company and it's affiliates web sites, as well as those factors disclosed in the Company's documents filed from time to time with the United States Securities and Exchange Commission.
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