this looks like that there is in fact a good looking deal comming in ....
MT. TOM MINERALS CORP ("MTK-V") - Significant Acquisition in the Internet Gaming Sector
Sheldon Kales, Director of Mt. Tom Minerals Corp. (the "Company") is pleased to announce a significant acquisition in the
Internet gaming sector. On May 19, 1999, the Company entered into an agreement of purchase and sale with Julius
Csurgo, Peter Zmudzki, and Global Netertainment Corp. (collectively, the "Vendors"), whereby in exchange for 2.5 million
shares of the Company, the Company will acquire Internet gaming technology licenses, rights to obtain existing and
prospective technologies of NXTi Corporation, a company related to the Vendors.
The Company will also acquire a number of Internet domain names including "globalnetertainment.com", "bingotimes.com", "globalwinner.com", "lottonation.com".
"call2bet.com", "globalwinner.com', "renoking.com", "acieducie.com", and "bettoraction.com", and will obtain the benefits from a number of joint venture and
contractual arrangements principally in the Internet gaming industry.
Specifically, the following technologies will be acquired by the Company:
1. "Scratch 'n' Match" technology - This software allows for the
delivery of secure, functional, interactive scratch 'n' match
tickets over the internet for the purposes of gambling or
promotion;
2. A proprietary gaming engine - This technology is currently at
the alpha stage of testing and will provide a fully-capable
internet casino;
3. 'Quick Pie' Lottery System - A secure, online lottery system
utilizing streaming video to enable real-time, third-party
verifiable lottery results for the purposes of gaming or
promotion;
4. Licenses to software for casino lottery games - The Company is
presently obtaining full casino, lottery, bingo and sports book
licenses some of which will be on an exclusive basis and
available for sub-licensing;
5. All licensed gaming technologies of NXTi Corporation and the
rights to acquire all gaming or Internet technologies to be
developed in the future by NXTi - The Company intends to
continue the development of the software for sale and license
of a number of gaming products;
6. An international sports book - The Company will acquire the
exclusive rights to an international sports book which is
presently in the alpha stage of development, completion is
expected to occur by August 1999.
The Company intends to incorporate these gaming technologies into a series of gaming sites and expects to begin commercially launching the sites in the next 60 - 90
days.
The 1998 Casino and Gaming Business Market Research Handbook predicts that the Internet gaming market could reach $100 - $200 billion in annual revenues by
2005. The Company is focused on following and surpassing the recent successes in its market, which include such companies as Cryptologic Inc. and Starnet
Communications International Inc.
Mr. Julius Csurgo, Chairman and CEO of Global Netertainment Corp., brings a wealth of entrepreneurial experiences to the business. He has been involved in many
facets of advertising, marketing, real estate, retail and financial businesses and has tremendous experience in building highly successful enterprises, from start-up to
profitability. With a solid base in advertising and five years as a CEO of his own company, Mr. Csurgo has hands-on knowledge of promoting and marketing. His
ambitions ultimately led him to the real estate sector where for fifteen years, he spearheaded the creation and development and managing of commercial properties.
He was involved in over $1 billion of real estate dealings before turning his attention to merchandising where he spearheaded the creation and development of
successful ventures in direct marketing and retail in North America, Europe and Japan. Mr. Csurgo is currently the President of PageActive Inc. and NXTi Corp.
and sits on the board of directors of numerous companies.
Mr. Peter Zmudzki is Chairman and CEO of PageActive Inc., an internet software development company. Mr. Zmudzki has almost twenty years of experience in
interactive digital communication networks. He has worked for both public and private corporations throughout North and South America and Europe and has
lectured at a number of colleges and universities on interactive graphic multimedia technologies. Prior to joining PageActive Inc., Mr. Zmudzki founded Information
Architecture, a digital multimedia design studio in 1994, and from 1990 - 1994 he served as President and Senior Partner of Interactive Media International, S.A. in
Venezuela. Mr. Zmudzki brings a tremendous amount of expertise and experience in the Internet world of business and communications.
Mr. Csurgo will be immediately appointed to the Board of Directors of the Company. Mr. Csurgo is already in the process of assembling a team of world-renowned
gaming professionals to the Advisory Board of the Company. Expertise to be made available include; experts in sports book, lottery, South American gaming and
European gaming.
The Company will be calling its 1999 annual general and special meeting of shareholders for Thursday July 29, 1999 in Toronto. At that meeting, shareholders will
be asked to approve a name change to Global Netertainment Corp.
This transaction constitutes a change of business under VSE policies and accordingly the shares of the Company will remain halted until the Company has obtained
sponsorship from a registered broker dealer.
The foregoing transaction is subject to regulatory approval. For further information please contact Sheldon Kales, Director, Mt. Tom Minerals Corp. TEL: (416)
782-9777
Mt. Tom Minerals Corp.
Sheldon Kales, Director
well i guess illget on the phone on mon and find out whats happening..
thanks
tim |
