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To: Wayne Rumball who wrote (436)	8/3/1999 7:13:00 AM
From: 2MAR$	Respond to of 2942

MORE ROST: Message 10792329

To: Wayne Rumball who wrote (436)	8/3/1999 11:05:00 AM
From: Wayne Rumball	Respond to of 2942

(COMTEX) B: CasinoBuilders.com Signs $85M LOI Management Contract B: CasinoBuilders.com Signs $85M LOI Management Contract COLORADO SPRINGS, Colo., Jul 27, 1999 (BUSINESS WIRE via COMTEX) -- CasinoBuilders.com (OTC BB: CSNO), provider of effective business solutions, marketing services and operational support to the Internet Casino and Gaming industry announced it signed a Letter of Intent (LOI) for a management contract with E-Offshore Ventures, Ltd. of Nassau, Bahamas, to provide consulting and marketing services related to Internet casinos. CasinoBuilders.com will initially be responsible for a growing gaming "handle" that is presently in excess of $85 million. The engagement will center on marketing and promotion of multiple E-Offshore Ventures Ltd. Internet casinos through web site development, Internet and conventional advertising, as well as special loyalty incentive programs. CasinoBuilders.com will also aid in the development of new and entertaining casino-style games. CasinoBuilders.com intends to establish a wholly owned offshore subsidiary to fulfill certain operational aspects of the engagement. Under the terms of the proposed agreement, the Company will receive a consulting fee, equal to a percentage of the net profits of a number of Internet casinos that are presently operated by E-Offshore Ventures Ltd., as well as performance incentives for revenue and profit growth. "We are excited to sign this performance-oriented LOI with E-Offshore Ventures Ltd. It is typical of our business-to-business focus to bring professional marketing and support services to the Internet gaming industry," said Andy Ruppanner, CEO of CasinoBuilders.com. He continued: "CasinoBuilders.com will not own any of the casinos, but through our unique operational services we will contribute to improving the bottom line. We serve an ever-increasing global Internet gaming market, and we are committed to serve it well." CasinoBuilders.com is the premier business-to-business provider of turnkey marketing services and operational support to the Internet gaming industry. Recognized for creativity and innovation, the company is dedicated to "Helping Internet gaming entrepreneurs turn their visions into successful companies." For additional information about our company, please call our Investor Relations Department toll free at 1-877-638-2766. Please note: Included in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurances that such expectations reflected in such forward-looking statements will prove to have been correct. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: CasinoBuilders.com, Colorado Springs John "C.J." Craig, Investor Relations, 877/638-2766