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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: LORD ERNIE who wrote (2514)	8/18/1999 9:26:00 PM
From: Bimini	Respond to of 2585

News was out at 11:15 this am and still the stock went effectively nowhere. Oh well........ Here it is Ernie. LAS VEGAS--(BUSINESS WIRE)--Aug. 18, 1999--GIC Global Intertainment Corp., (OTC BB:GGNC) an online developer and provider of interactive gaming software & technologies, broadcasting and information, and a high technology entertainment and marketing company that markets online sports books and casinos, lotteries and e-commerce web sites including www.cyberbetz.com, www.y2klottery.com, www.sportzpage.com, is pleased to announce the development of its own proprietary (on-line casino & sport-book software) turnkey gaming systems including gaming licenses for licensing worldwide and primarily focusing on Asia. James Chu, president and CEO of GGNC stated that "With the fast growing development of telecommunications networks worldwide, especially in Asia, and the emergence of new technologies, have created opportunities to develop innovative, efficient, and secure ways to deliver real time information and entertainment to customers online. GGNC is one of the first companies in the world to employ these new technologies on the Internet. We intend to capitalize on this technological lead and early market entry to become one of the world leaders in online turnkey gaming systems and technologies. We are well positioned to achieving these goals since we possess the competitive advantage of being one of the first companies to operate an on-line casino, sports-book, and lottery web-site. Our vast experiences in the on-line gaming industry to concentrate on developing a turnkey gaming system that is easy to use, fast, and fully secured together with the latest leading edge Internet technologies. Our company currently has many potential licensees in Asia who would be interested in licensing our turnkey gaming systems. Our main focus of marketing for our turnkey gaming systems will be in Japan, Taiwan, China, Macao, Philippines, Malaysia, Great Britain, France, and the United States. GGNC is not only a pioneer in the industry but also as a leader who helps to shape and define the future of online gaming." Development of its own proprietary turnkey gaming systems for licensing would increase the revenues of GGNC considerably, especially with the existing potential customers in Asia. Earlier next year GGNC will be well into the completion of its own proprietary turnkey gaming systems for licensing. GGNC licensees will be able to operate a multi-venue, complete gaming experience and thereby increasing GGNC's market share. GIC Global Intertainment Corp., as the effective partner, receives a percentage of the total net gaming revenues, along with additional revenues from custom website design, electronic funds transfers, offshore back room support services and online gaming management services. GGNC's own software developers are currently developing the turnkey gaming systems. These programmers have extensive experience in casino and sport-book software development. This new software will be one of the best in the industry together with the best leading edge technologies. GGNC has translated Cyberbetz casino to Japanese and Chinese languages and development of the Spanish language site is well under way to further expand GGNC's potential client base. GIC Global Intertainment Corporation's target market in the global online gaming market was estimated to be worth approximately $650 million in 1998 according to Christiensen/Cummings Associates, a gaming consulting and research organization. Internet research firms Frost & Sullivan and Datamonitor estimate that the global online gaming market has the potential to grow to $10.0 billion by 2002. GGNC will soon be launching live broadcasts via the Internet, coupled with participation in the main horse and greyhound track paramutual pools in Asia provide an attractive new operational venue. GIC Global Intertainment Corp. will receive a percentage of the pool bets placed through its network. Also introduced recently are the Millennium lottery (wwww.y2klottery.com) and the Sportzpage.com (www.sportzpage.com) websites. Soon to be launched a successful web event broadcasting of specific sporting and other wide interest events. GGNC has announced it will use state of the art broadcast facilities in Vancouver to direct broadcast of these exclusive net events.