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Non-Tech : Total Entertainment Inc.(TTLN) TheOnlineCasino Opens. -- Ignore unavailable to you. Want to Upgrade?

To: James W. McDonald who wrote (801)	5/16/2000 9:14:00 AM
From: Sarkie	Read Replies (1) \| Respond to of 817

Total Entertainment Announces First Quarter Profits, Quarterly Revenues Nearly Triple ============================================================ MONTREAL--(BUSINESS WIRE)--May 16, 2000--Total Entertainment Inc. (OTCBB:TTLN) released today its financial results for the 3-month period ended March 31, 2000. Net revenues for the quarter reached $774,615 compared to $266,673 for the same period in 1999. The company achieved a net profit of $339,992 or $0.01 per share versus a net loss of $125,184 in the first quarter of 1999. In the first quarter, Total Entertainment announced the signing of a hosting agreement with NetforFun.com Inc. Only $100,000 from this transaction, the amount paid in cash to Total Entertainment, is included in the first quarter results. A further $1.5 million in stock and a note for $400,000 from this transaction will be reported as booked. "Total Entertainment made considerable investments in 1999 and we are now starting to see the results," said Sandy J. Masselli, Jr., Chairman and CEO of Total Entertainment. "In a short period, we have turned the corner towards profitability and are looking forward to continuous revenue growth." "Our revenues in Q1 2000 were greater than 1999's total revenues. This is attributed to the strength of our business plan," Said Mitchell Brown, President and Chief Operating Officer of Total Entertainment. "As in the first quarter, we will continue to build alliances within the gaming industry globally, look for innovative ways to use our gaming solutions and establish marketing relationships with other internet companies. Given the number of internet properties looking to add entertainment value to their sites, we are pleased with the growing number of opportunities for TTLN." Total Entertainment Inc. (OTCBB:TTLN) owns and operates interactive software-based games of chance and sports wagering facilities. Through its network of Internet properties, users can play realistic online games, receive the latest news, financial information and free e-mail, and create a personalized portal to the Internet. Total Entertainment's e-commerce solution enables users to purchase electronic cash by credit card, wire transfer, money order or personal check. The statements in 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 are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. CONTACT: Total Entertainment Inc. Sandy Masselli, Jr. / Mitchell Brown 514/842-6999 www.ttln.com or National Public Relations Daniel Brennan, 514/843-2325 KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: ELECTRONIC GAMES/MULTIMEDIA ENTERTAINMENT GAMING INTERNET NETWORKING EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 2000, Business Wire