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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Dragon who wrote (2112)	7/6/1999 6:43:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 5041

After the bell PR on GOCA - biz.yahoo.com Tuesday July 6, 5:02 pm Eastern Time Company Press Release Go Call Inc. Announces $2.7 Million Deal and Licensing of Turnkey Online Casino Software Package NEW YORK--(BUSINESS WIRE)--July 6, 1999--Go Call Inc. (OTC BB:GOCA) announced that Andros Island Hotel & Casino (OTC BB:ADHCE) has signed a contract to acquire Go Call Inc.'s Margaritaville Caribbean Resort and a license for a turnkey online casino software package. For the Margaritaville Caribbean Resort, Go Call Inc. will receive $2,500,000 in the form of two convertible debentures for $1,250,000 each. The first debenture is convertible in all or part into 8,928,571 restricted common shares of Andros Hotels & Casinos Inc., and the second debenture is convertible in all or in part into 208,333 restricted common shares of AutoAuction.com Inc. (OTC BB:AAAC). Both debentures are convertible at the option of Go Call Inc. until June 15, 2001. For the licensing of the turnkey online casino software package, Go Call Inc. will receive a $200,000 initial fee and an ongoing royalty fee on revenue generated by the licensing of the online casino. The $200,000 initial fee is paid in the form of $100,000 in cash and $100,000 in the form of an additional 1,388,888 restricted common shares of Andros Hotels and Casinos Inc. Go Call Inc.'s divestiture of the Margaritaville Caribbean Resort is part of the plan to pursue the Internet entertainment and e-commerce markets by way of strategic business and financial arrangements. The GoCasino.com is still a licensee of Go Call Inc., and Go Call Inc. is currently in negotiations for several additional licensing agreements for turnkey online casino software packages. Andros Island Hotel & Casino has interests in the following companies: 1) 17.5% ownership position of AutoAuction.com 2) 100% ownership of Seven-Seas Casinos Inc., which operates gaming ships 3) 100% ownership of 1,880 acres of prime land on Andros Islands in the Bahamas, where it plans to construct a Caribbean resort complex at Kemp's Bay AutoAuction.com has two operating auto auctions with a dealer base of 1,500 dealers, and it is launching an Internet Auto Auction site. AutoAuction.com has interests in the following companies: 1) 100% ownership of Haines City Auto Auction in Haines City, Florida 2) 100% ownership of Airport Auto Auction in Melbourne, Florida 3) Internet Auto Auction site with a dealer base of more than 1,500 dealers in Florida Andros's competitors within the hotel and gaming market include Harrah's Entertainment Inc. (NYSE:HET - news), Trump Hotels & Casino Resorts Inc. (NYSE:DJT - news) and MGM Grand Inc. (NYSE:MGG - news). AutoAuction.com's competitors include AutoWeb.com Inc. (NASDAQ:AWEB - news) and Autobytel.com Inc. (NASDAQ:ABTL - news). Go Call Inc. (www.goca.com) is an Internet and telecommunications service company specializing in e-commerce. Its services include Internet management, licensing of online casinos, a banner ad network, paging service, the development of a comparison shopping search engine and Internet kiosks. To receive a current Corporate Profile and complete due diligence package on AutoAuction.com or Andros Hotel and Casino, visit the Fifth Avenue Communications Web site at www.stocksfifthavenue.com or e-mail a request to fifth@juno.com. Some paragraphs of this news release, particularly those describing Go Call Inc.'s strategies and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Go Call Inc. is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing their products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of Go Call Inc., its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Go Call Inc.'s results of operation. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Go Call Inc. or any other person that the objectives and plans of Go Call Inc. will be achieved. -------------------------------------------------------------------------------- Contact: Go Call Inc. Investor Relations, 800/448-2296 ir@goca.com www.goca.com