To: Benjamin Ng who wrote (56 ) 3/17/2000 1:04:00 PM From: Benjamin Ng Read Replies (1) | Respond to of 65
March 17, 2000 NEWS RELEASE dot com Entertainment Group Inc. Olympic Tower, 300 Pearl Street, Suite 200 Buffalo, New York 14202BingoEnReseau.com Launched to French-Speaking Internet Bingo Players BUFFALO, N.Y.--(BUSINESS WIRE)--March 17, 2000--(OTC Bulletin Board:DCEG - news) dot com Entertainment Group, Inc. (``dot com') a fully-reporting Internet technology company, announced today that it's wholly owned subsidiary corporation, dot com Antigua Inc., has launched a sub-license arrangement with a land-based casino and bingo operator in Quebec, Canada, which makes use of the company's proprietary CyberBingo(TM) software system, to promote and develop a French language Bingo portal. The launch of the French language BingoEnReseau.com site (translation NetworkBingo), featuring the company's award winning Bingo software, is a key step in dot com's execution of its proprietary ``sub-license' business model. BingoEnReseau is focused on the generation of enhanced game traffic into the company's licensee in St. John's, Antigua, which allows players to play Bingo in French, while participating in the CyberBingo game system. The sub-license concept is designed to create the world's largest online Bingo hall at dot com's licensee www.cyberbingo.net. French speaking Bingo enthusiasts will access the BingoEnReseau Bingo Portal at www.BingoEnReseau.com. Sub-licensees receive a royalty fee for introducing entirely new player-bases into the CyberBingo(TM) software system. This sub-license arrangement will add a French language focus through BingoEnReseau and will impact positively on the number of participants, the size of the jackpots and the royalty income available to dot com. In addition to negotiating other sub-license arrangements, dot com is also pursuing the consummation of several turn-key Bingo software proposals throughout the world in addition to its development of complementary casino and lottery style games using java, flash and other leading-edge technologies. It is the company's intention to license these new software offerings to its growing list of Internet Bingo Halls who cater to captive player communities that are demanding other dot com software innovations. It is the company's ambition to become an industry leader in the development of Internet entertainment software products. The dot com web site can be visited at www.dceg.com. This site has links to the CyberBingo(TM) game system and other sites which now make use of the company's proprietary software technology systems. This press release may contain forward-looking statements, particularly as related to the business plans of the Company including the company's ability to execute on its business strategy in Europe and the sale of sub-licensees, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates Contact: Dot Com Entertainment Group Inc. Scott White, 416/366-1444 swhite@dceg.com or Dot Com Entertainment Group Inc. Investors Contact Matthew Emery or Brock Daem, 877/722-5656