NEWS:
Global Intertainment Establishes New Wholly Owned Subsidiary, Global-Broadcast.com
LAS VEGAS, Oct 15, 1999 (BUSINESS WIRE) -- GIC Global Intertainment
Corporation (United States OTCBB: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, is pleased
to announce the establishment of it's newest wholly owned sudsidiary,
Global-Broadcast.com.
Global-Broadcast.com intends to offer dozens of live audio and video
informational and entertainment channels, covering everything from live
sporting events, horse racing, dog racing, entertainment and news, to
handicapping related programming. This launch will increase web site
traffic and new customer sign-ups substantially. The increased traffic
in turn allows the company to further generate additional revenue by
being able to sell advertising space on this new portal site, driving
"click-through" and "partner program" traffic through to all of our
popular worldwide e-commerce, sports, entertainment and gaming sites.
GGNC is not only a pioneer in the largest Internet industries, online
wagering and e-commerce but also in the use of cutting-edge streaming
audio and video technology. GGNC has exciting plans to marry up
Internet wagering and Internet broadcasting with the launch of
Global-Broadcast.com. GGNC intends to simulcast major international
sporting, entertainment and other events over the Internet for viewing
and wagering through this subsidiary.
James Chu, President and CEO, said, "This is one more step towards
GGNC's continuing expansion into the e-commerce industry and to offer
rich audio and video wagering services through a digital distribution
network, designed to deliver high quality audio and video to large
audiences via the Internet through both dial-up, broadband and wireless
connections. I am very excited with our plans to launch this exciting
new division, this new portal site when translated to Chinese and other
Asian languages can become a popular destination Chinese and Asian
Internet portal community site because there are many European and
North American sporting and entertainment events are not allowed to be
broadcasted via television or satellite into Asia, especially into
China. And the Chinese Internet is currently the fastest growing cyber
space community and Internet economy in the world."
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.
(OTCBB: SNMM), International Game Technology Inc. (NYSE:IGT ),
Cryptologic Inc. (TSE:CRY), GLC Limited (Nasdaq: GLCCF), Atlantic
International Entertainment Ltd. (OTCBB: AIEE), Cybergames Inc.
(OTCBB: CYGA), IGN Internet Global Network Inc. (VSE:IGN, OTCBB:IGINIF)
and Global Games Corp. (OTCBB: GLOW), Advanced Gaming Tech.(OTCBB: AIEE),
Atlantic Intl. Ent.(OTCBB: AIEE), American Wagering (OTCBB: BETM),
Bingo.com (OTCBB: BIGR), Cosmoz.com (OTCBB: CMOZ), Casino Pirata (OTC
BB:CSIN), E-lottery (OTC:BB ELOT), 1st Ent. Holdings (OTCBB: FTET),
Cyberoad (OTCBB: FUNN), Global Ent. Holdings (OTCBB: GAMM),
Galaxiworld.com (OTCBB: GLXW), Go Call Inc. (OTCBB: GOCA), Inland Ent.
Corp. (OTCBB: INLD), Int'l Sports Wagering (OTCBB: ISWI), MDI Holdings
(OTCBB: MDIH), Multimedia Games (OTCBB: MGAM), New Discoveries Publishing
(OTCBB: NWDP), Omicron Technologies (OTCBB: OGPS), Poker.com
(OTCBB: PKER), Q-Seven Systems (OTCBB: QSSY), Youbet.com (OTCBB: UBET),
Virtual Gaming Enterprises (OTCBB: VGAMD), Virtgame.com (OTCBB: VGTI),
Winners Internet Netwk (OTCBB: 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 Corporation.results may differ
materially from the expectations and estimates of GIC Global
Intertainment Corporation.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: GIC Global Intertainment
IR Contact--Shawn Balaghi or Bob Imami
Toll Free 1-877-GIC-WINS (877-442-9467)
ir@ggncwins.com or
604/688-6888
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