Atlantic International Entertainment, Ltd. (AIEE), Announces Launch of bingoonthenet.com by Intercapital Global Fund, Ltd., a Subsidiary of Total Entertainment (TTLN)
Atlantic's Bingo Blast(TM) Products are Interactive Multiplayer Systems
BOCA RATON, Fla., Sept. 9 /PRNewswire/ -- Atlantic International Entertainment, Ltd. (OTC Bulletin Board: AIEE) announced today that Intercapital Global Fund, Ltd., a subsidiary of Total Entertainment, has launched Bingoonthenet.com, an interactive, multiplayer Bingo system developed and licensed by AIE. The on-line bingo package, available in three languages, provides players with a realistic Bingo experience that mixes manual and automatic play with the sights and sounds of a traditional bingo game. Results are streamed live over the network.
Richard Iamunno, Atlantic International Entertainment's President and CEO, stated, "We are pleased to expand our partnership with Total Entertainment, specifically its wholly owned subsidiary Intercapital Global Fund Ltd. The successful launch of the Bingo Blast(TM) product, in our view, signals acceptance in the marketplace for our products and the economic viability of on-line gaming. This launch is the first of several planned Bingo sites by Total Entertainment."
Atlantic International will be presenting all of their products at Booth 1049 at the World Gaming 99 Congress and Expo in Las Vegas next week. A new version of Internet Casino Extension(TM), (ICE)(TM) will be featured with upgraded graphics designed after the Huxley Gaming tables. WebSports(TM) Version 2.0 will be integrated into the Atlantic Gaming platform with ICE(TM). Lotto Magic(TM) and Bingo Blast(TM) will also be demonstrated. To further the partnership, Atlantic will feature Bingoonthenet to demonstrate the customization and flexibility of their Bingo Blast(TM) product.
Atlantic International Entertainment, Ltd. ( www.aieltd.com ) develops and markets Internet and private network transaction-based products that it only offers to licensed gaming operators in regulated jurisdictions. These products include; Internet Casino Extension(TM) (ICE)(TM), a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM) a lottery system for private, government and fund raising purposes; and Bingo Blast(TM) a multi-player system for charity and private organization use. The company also offers wireless and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary.
This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission, including 10K filed May 7, 1999, and forms 10Q filed May 18,1999, and August 20, 1999.
For Investor Relations please contact: Ira W. Miller or Larry Fortune / (949) 833-9001
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SOURCE: Atlantic International Entertainment, Ltd.
CONTACT: Richard Iamunno, President & CEO of Atlantic International Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485
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