To: Bill Evans who wrote (223 ) 8/15/2000 2:43:35 PM From: Bill Evans Respond to Bigger news coming Thursday.bettorsisland.com . The company's advanced gaming software is instant on (essentially no download), and is extremely user-friendly. The company is currently developing additional advanced software for other Casino games as well as a Sports Book with unique features. The Internet gaming market has been estimated by Bear Stearns, Investment Bankers, to be a $12.5 billion annual market by the year 2002. "This third license sale of the company's advanced gaming software shows the continuing acceptance by Internet Gaming Operators of the company's unique user friendly gaming software for commercial use over the Internet on a worldwide basis. Negotiations for additional license sales are in progress as the company moves aggressively to achieve a brand name' status for its advanced gaming software package," said Norman Wright, the company president. The company is specializing in international Business-to-Business E-commerce, focused on high profit potential market niches with physical presence in Costa Rica (Latin America Portal), Cook Islands (Asia Portal) and Liechtenstein (Europe, Middle East & Africa Portal). The E-Commerce worldwide market outside the United States is estimated by International Data Corp. (IDC) to be $305 billion in 1999, and the U.S. market to be $174 billion. Estimates from IDC for the year 2003 are $1.6 trillion outside the United States and $600 billion for the United States. For more information and company updates, visit 506funding.com , or contact Norman Wright 403/271-0669. Some other Internet Gaming competitors in the Gaming market broadly include: Cryptologic Inc. (TSE:CRY), Trans World Gaming Group (OTC BB:IBET), Starnet Communications Intl. Inc. (OTC BB:SNMM), Bingo.com (OTC BB:BIGR), Q-Seven Systems (OTC BB:QSSY). This statement includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this statement, including, without limitation, in conjunction with those forward-looking statements contained in this statement. The company disclaims any obligation to update forward-looking statements. --30--KM/np* KA/np CONTACT: Norman Wright, 403/271-0669 506funding.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com
