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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: SIW who wrote (9906)	6/28/1999 12:33:00 PM
From: Mr. Fortune	Respond to of 108040

(BSNS WIRE) e-Vegas.com Inc. Opening Discussions With Asian Investors to e-Vegas.com Inc. Opening Discussions With Asian Investors to Establish Asian On-Line Gaming Venture Business Editors and High Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--June 28, 1999-- e-Vegas.com Inc. (OTC BB:ECGC) is pleased to announce that they have begun negotiations with an Asian based investment group to establish an on-line gaming facility targeted at the Asian markets. "We envision establishing an on-line gaming facility that will cater specifically to the needs of the Asian gaming market. Our joint venture partners, which have to remain confidential at this juncture, have substantial experience in the Asian marketplace and will help us tailor the gaming site to the nuances of that market," stated Ed Gallagher, President, e-Vegas.com Inc. "Just as we have been using the experience and knowledge of our Las Vegas based directors and advisors, we will use the same approach for the Asian gaming site", he added. A contingent of investors are currently touring the site in Costa Rica with executives of the Company and one of the new directors, Mr. Sid Diamond. Mr. Diamond is the former Director of Race and Sports for Circus Circus Enterprises and Excalibur Hotels in Las Vegas, Nevada. For the past 18 years Mr. Diamond has been licensed by the Nevada State Gaming Commission and has managed the sports book business for 5 major casinos. In other developments, the Company is working on behalf of shareholders to increase awareness in the investment community of the Company's activities. Mr. Gallagher has recently been interviewed and the Company has been highlighted by a number of small-cap oriented on-line investment sites and media sources including: -- Talk Stock -- Wall Street Broadcasts -- Princeton Research (www.princetonresearch.com) -- Capital Research Group (www.thesubway.com) "We are also in the process of assessing a number of highly regarded international investor relations firms that can assist us in getting the news out about the Company," stated Mr. Gallagher. About e-Vegascom.Inc.(TM) E-Vegas.com lnc.(TM) is a casino and gaming business based in Costa Rica. The first element of its business is the establishment of an online casino and gaming business at www.e- casinogaming.com. The Company is also in the process of developing related businesses and other electronic and e-commerce business that will enhance its overall growth and profit potential. E-Vegas.com Inc.(TM) competes with other operators in the Internet gaming market such as GIC Global Intertainment Corp., Global Games Corp., Starnet Communications International Inc., Atlantic International Entertainment Ltd., Gaming Lottery Corp. and Cybergames Inc. E-Vegas.com Inc.(TM) licenses its gaming software from Intersphere Communications Ltd. (Grenada), a subsidiary of Internet Gaming and Communications Corp. of Philadelphia, Pa. Intersphere's - LiveAction Gaming Platform is the most advanced premier gaming management system available for managing and operating an Internet or phone-based sports book and online casino. The system consists of two optional modules including the LineMaster Sports Wagering System, and the Java-based House Advantage Casino Management System. Frost & Sullivan estimate that wagering via the lnternet was approximately $1 billion in 1998. Gaming consultants Christinansen/Cummings estimate Internet wagering to reach $2.3 billion by 2001. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US$10.2 billion by the year 2002, Playboy and Harrah's are now entering the sector. This press release contains forward-looking statements with respect to the results of operations and business which could be materially different from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. --30--ac/sf* CONTACT: E-Vegas.com Inc. Tony Markus, 604/608-6828 or 877/815-3238 www.e-vegasgaming.com KEYWORD: INTERNATIONAL CANADA ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET GAMING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *