UP on the news:
GIC Global Intertainment Announces Over $12 Million In Wagered Revenues
LAS VEGAS, Sep 16, 1999 (BUSINESS WIRE) -- GIC Global Intertainment
Corporation (OTC BB: GGNC) located and licensed in the Commonwealth of
Dominica, W.I., an online developer and provider of 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, today
announced the combined wagering revenues for the months of May, June,
July, and August were $12,477,498.13.
GIC Global Intertainment Corp. is pleased to announce that the total
number of successful hits for www.cyberbetz.com has progressively
increased in the last quarter. The combined hits for May, June, July, &
August totaled 2,076,030. Membership of the Company's Internet Casino
has experienced growth by approximately 20% to over 8000 users.
James Chu, President & CEO, stated, "This is a very positive
development for our Company. We expect this upward trend to continue
based on our renewed marketing initiatives around our Y2K Lottery
campaign. Furthermore, we expect significant increases in wagering
revenues from our sportsbook as we embark on the new pro-sports
season."
GIC Global Intertainment's renewed aggressive marketing campaign is
experiencing great success in driving new traffic to each site, despite
traditionally slower months during the summer. Sponsorship of GIC
Racing's Atlantic Series Team has dramatically increased the profile of
the Company as the premier Internet Entertainment provider.
In our continuing pursuit to improve efficiency and thereby increase
profitability we are pleased to announce a new user-friendlier
interface on our www.cyberbetz.com site. This format will allow new
users to sign-on quicker with ease and support player base retention in
this competitive high tech market.
GGNC's competitors within the Internet gaming market include Anchor
Gaming Inc. (NASDAQ: SLOT), Trans World Gaming Group (OTC BB: IBET),
Argosy Gaming Co. (NYSE: AGY), Starnet Communications Intl. Inc. (OTC
BB:SNMM), International Game Technology Inc. (NYSE: IGT), Cryptologic
Inc. (TSE:CRY), GLC Limited (NASDAQ: GLCCF), Atlantic International
Entertainment Ltd. (OTC BB: AIEE), Cybergames Inc. (OTC BB: CYGA), IGN
Internet Global Network Inc. (VSE:IGN) (OTC BB: IGINIF) and Global Games
Corp. (OTC BB: GLOW), Advanced Gaming Tech.(OTC BB: AIEE), Atlantic Intl.
Ent.(OTC BB: AIEE), American Wagering (OTC BB: BETM), Bingo.com (OTC
BB:BIGR), Cosmoz.com (OTC BB: CMOZ), Casino Pirata (OTC BB: CSIN),
E-lottery (OTC BB: ELOT), 1st Ent. Holdings (OTC BB: FTET), Cyberoad (OTC
BB:FUNN), Global Ent. Holdings (OTC BB: GAMM), Galaxiworld.com (OTC
BB:GLXW), Go Call Inc. (OTC BB: GOCA), Inland Ent. Corp. (OTC BB: INLD),
Int'l Sports Wagering (OTC BB: ISWI), MDI Holdings (OTC BB: MDIH),
Multimedia Games (OTC BB: MGAM), New Discoveries Publishing (OTC
BB:NWDP), Omicron Technologies (OTC BB: OGPS), Poker.com (OTC BB: PKER),
Q-Seven Systems (OTC BB: QSSY), Youbet.com (OTC BB: UBET), Virtual Gaming
Enterprises (OTC BB: VGAMD), Virtgame.com (OTC BB: VGTI), Winners
Internet Netwk (OTC BB: WINR).
This news release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
provisions of these sections. Actual results may differ materially from
the expectations and estimates of GIC Global Intertainment Corporation. |
