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Technology Stocks : ECGC - E-Gaming Corporation -- Ignore unavailable to you. Want to Upgrade?

To: BlueIce who wrote (38)	7/22/1999 10:42:00 AM
From: Francis R. Biscan Jr.	Read Replies (1) \| Respond to of 40

NEWS VANCOUVER, British Columbia--(BUSINESS WIRE)--July 22, 1999-- e-Vegas.com Inc. (OTC BB: EVCM) is pleased to announce that they have entered into a joint venture for the development of Bet-A-Bunch.Com Inc., a new on-line sports book gaming company. This new company will focus entirely on standard and innovative sports book gaming opportunities for on-line gamers. The new company's name is based on a standard gambling phrase: ''Got a hunch, then bet a bunch''. Bet-A-Bunch.Com Inc. was started by Mr. Sid Diamond and Mr. Herb Rossin, both seasoned Las Vegas executives and businessmen with sports book and sports entertainment production experience. Bet-A-Bunch.Com Inc. is offering a number of sports book games at their website which is located at www.sportswager.com. ''This joint venture opportunity was a natural extension of our commitment to provide the best on-line gaming to our customers. Our investment in Bet-A-Bunch.Com Inc. will differentiate us from our competitors, substantially increase profit opportunities and create shareholder value'', stated Mr. Ed Gallagher, President of e-Vegas.com Inc. Terms of the joint venture investment, including e-Vegas.com Inc.'s substantial % interest in the venture will be released at a later date. 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. Mr. Diamond has managed the sports book business for 5 major casinos. Mr. Rossin holds gaming licenses in Nevada, Guam and the Cook Islands. He is a former Vice President of the Home Shopping Network. Mr. Rossin is involved as a producer in television. Some of his projects include a television show called Sports Talk, major telethons, syndicated TV shows and numerous commercials. He is also the owner of ASAP, a multimedia marketing firm. Mr. Diamond and Mr. Rossin are currently members of the Board of Directors of e-Vegas.com Inc. It is expected that Bet-A-Bunch.Com Inc. will become a publicly traded company on the NASDAQ OTC bulletin board within 60 days. NFL(TM) ''No Points'' Football Contest e-Vegas.com Inc. is also pleased to announce the introduction of a new type of on-line gaming contest. The NFL(TM) ''No Points'' contest offers $578,000 in prizes for the entire football season (based on a minimum # of entries). It is designed to be a fun contest and entries are limited to two per person. The entry fee for the entire season is just $34 which is only $2 per week. There are no point spreads involved. Each player is only required to pick the winner of each NFL game on a weekly basis. Each weekly prize fund of $34,000 is paid out to 100 winners and is broken down as follows: Placement of Winner Weekly Prize ------------------------------------------ First Place $15,000 Second Place $ 5,000 Third Place $ 3,000 Fourth Place $ 1,000 Fifth Place $ 500 Sixth to 100th Place $ 100 ------------------------------------------- All prize monies are insured by a $1 million bond from Lloyds of London to ensure the integrity of the prize fund. Further details on contest rules and how to register to play the game can be found at the Company's website located at www.e-vegasgaming.com. ''The real beauty of this contest is that it is mostly for fun and it doesn't rely on a players ability to pick the points spread in individual games. Makes it extremely accessible and attractive to sports fans around the world.'' Said Mr. Gallagher. This contest has been operating in the state of Nevada for the past fifteen football seasons and was originated by the Company's Chief Operating Officer, Mr. Sid Diamond. About e-Vegas.com Inc. e-Vegas.com Inc.(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-vegasgaming.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) 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. This press release contains forward-looking statements with respect to the results of the operations and business that 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.