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Non-Tech : Total Entertainment Inc.(TTLN) TheOnlineCasino Opens. -- Ignore unavailable to you. Want to Upgrade?

To: Ronald P. Margraf Sr. who wrote (703)	6/16/1999 11:03:00 AM
From: tony mendoza	Read Replies (2) \| Respond to of 817

Thought I'd post this note from Lewis Taylor to Raging Bull TTLN page. In answer to yours and others questions I have read on Raging Bull tonight, here are some points for everyone to ponder: 1) The trading action today was disappointing but not collusive on the part of insiders, market makers or anyone else. It was simply selling on the part of disbelievers, and we are all heavily long stock. This is a good area to average down. 2) The PR delay was created from a disagreement with Grant Thornton over the wording of our original press release. It was unavoidable. In the end the original release was dumped and then this release was written. Now the plan is to release the 1Q99 with the Form 10SB (small business) IMMINENTLY. 3) The financial figures are audited; it was a poorly worded press release. There will be no mistakes on the IBD announcement. 4) There have been several posters who have denied the legitimacy of the company for several weeks, even months now. This release should remove all question of that. Everything we have said is happening is coming out true, and I do not know what more a small company can do to prove itself. a) In 10 weeks we had 1/2 cent earnings. b) We grew by more than 100% in 1Q99. c) There is tremendous expected growth in 2Q99 (its not over yet -- go Dallas, we're making money on you). d) The extra 6 million shares creating a 48 million share float is the remainder of the 14 million in dispute. It is frozen (cannot be traded) until the matter is resolved. e) Our company is (long-term) debt-free and our assets stand at over $40 million. Do an acid test on that. f) You investors are sharp: The IGF meeting went well today regarding the Dragon, the Chinese language is up and the slotsvegas sportsbook is functional. The Dragon earnings will blow you all away. g) Filings will not be available on EDGAR for 45 days. Anyone who wishes to download press releases or financial information from our corporate website, www.totalentertainmentinc.com, may do so as soon as it is ready in the next day or so. Listen to me: I have a very close eye on investor sentiment. We have no intention of ever ignoring loyal and heavily invested shareholders like yourself. I'd like to be able to answer all of your concerns at any time. But you must understand that SNAFUs occur all the time that you do not hear about. Today the problems have been perceived as world-ending, but I do not think so. I believe people are bullish on TTLN, and the stock price will verify that. Remember, I advocate long-term trading, and not playing the short-term. The strategy for the next few weeks is to use all our press releases for maximum advantage. Total Entertainment has never had more potential than it has now, and all who hold the stock stand to be richly rewarded. Stay long, Chris, there are many good things to come. Sincerely, Lewis Taylor TTLN Investor Relations