To: Chief who wrote (39 ) 8/17/1999 9:47:00 PM From: Benjamin Ng Read Replies (1) | Respond to of 65
August 17, 1999 NEWS RELEASE dot com Entertainment Group Inc. Olympic Tower, 300 Pearl Street, Suite 200 Buffalo, New York 14202 Response to 10SB Filing completed BUFFALO, NY: August 17, 1999 - dot com Entertainment Group, Inc. ("DCEG" or "dot com") (PINKSHEETS: DCEG) is pleased to announce today its has now responded to the Securities and Exchange Commission's (hereinafter "SEC") comment letter which was received on August 9, 99. The comment letter was in response to the company's 10SB filing made on July 2, 1999. The 10SB was filed with the SEC in order that dot com can become a fully reporting company with the SEC and have its shares quoted on the OTC Bulletin Board. The company confirms that in their letter, the SEC requested the provision of additional disclosure on certain factual matters contained in the 10SB and that the company clarify some of the statements made in the filing. The company was also asked to provide additional audited financial statements for previous financial periods, which have now been supplied. The company has completed and filed the response and amendments to the 10SB in accordance with the SEC's letter. The company plans to immediately have its shares returned to the OTC Bulletin Board upon the approval of the 10SB. Presently, shareholders and interested parties can get a quote on the Company's shares through the "Pink Sheets". The dot com website can be visited at www.dceg.com. This site has links to the CyberBingo™ game system (www.cyberbingo.net), which operates 24 hours per day, 120 times per day, and is played by players from countries throughout the world. dot com plans to expand its Internet and commercial software product base in 1999 to become a leading provider of Internet entertainment software products and services. FOR FURTHER INFORMATION PLEASE CONTACT: Scott White, President or Andre Kern, Controller & Investor Relations at dot com Entertainment Group, Inc.: (416) 366-8111 akern@dceg.com Investors Contact: Juan Dominguez & Dian Griesel, Ph.D. Media Contact: Richard Land at The Investor Relations Group: (212) 736-2650 or Investors Contact: Al Turano TKO International: (303) 850-7896 .com is a development-stage company. Certain of the information contained in this news release constitutes "forward-looking statements", including but not limited to those with respect to the future revenues, the Company's development strategy, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the continued acceptance of the Internet, number of visits to the Company and it's affiliates web sites, as well as those factors disclosed in the Company's documents filed from time to time with the United States Securities and Exchange Commission.