To: rjm2 who wrote (790 ) 10/2/2000 6:51:14 PM From: rjm2 Respond to of 858 Monday October 2, 4:45 pm Eastern Time Press Release Latin American Casinos, Inc. Announces Resignations and Appointments to Board of Directors NORTH MIAMI BEACH, Fla.--(BUSINESS WIRE)--Oct. 2, 2000--Latin American Casinos, Inc. (Nasdaq:LACI - news) ``The Company'' is announcing today that Geraldine Lyons, Jeffrey Felder, and Angel Garcia have resigned as members of the Board of Directors. Todd Sanders, William Bossung and Michael Iscove have been elected to serve as members of the Board of Directors until the next annual meeting of shareholders. The Company is continuing to receive an excellent response to it's e-commerce site for it's subsidiary, World's Best Rated Cigar Co. With the opening of www.worldsbestrated.com, the company is looking toward continued growth in our cigar business. Some of the statements in this release discuss future expectations, contain projections of results of operations or financial conditions or state other ``forward looking'' information. Those statements are based on our assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the results we currently contemplate. Important factors that could cause actual results to differ materially from projections include: any decision by major retail chains to discontinue selling all tobacco products or to place humidors in disadvantageous locations within their stores; changes in government regulations, particularly relating to cigars or small cigars, tax rates and similar matters. -------------------------------------------------------------------------------- Contact: Latin American Casinos, Inc., North Miami Beach Jeffrey A. Felder, CEO, 305/945-2929