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To: Sheri who wrote (773)7/7/1998 12:35:00 PM
From: CO  Respond to of 1177
 
GREAT NEWS JUST OUT ON GLOW !!! In my opinion this is very BIG news !!

SI overview post on GLOW:
Message 4892638

biz.yahoo.com
Tuesday July 7, 11:28 am Eastern Time

Company Press Release

Global Games Corp. Signs Preliminary Agreement With Commonwealth of Dominica, West Indies
Strong Projected EPS Expected from World's First Government-Sponsored Casino Gaming Site
MINNEAPOLIS--(BUSINESS WIRE)--July 7, 1998-- Global Games Corp.(OTC BB:GLOW) announced today that a signed Letter of Acceptance has been received from the Commonwealth of Dominica, West Indies, to design and build a full virtual casino to be owned by the government of Dominica.

Global Games was first contacted by Mr. Julius C. Timothy, Minister of Finance, Industry and Planning for the Commonwealth of Dominica, about building a virtual world casino in Dominica. Global Games subsequently sent a formal proposal to Mr. Timothy to build the ''Virtual World Casino and Sports Book of Dominica, West Indies.''

The Virtual World Casino will include virtual casino games as well as a full betting Sports Book. The Sports Book portion of the Virtual World Casino needs to be open by the first of August to coincide with the opening week of the National Football League season in the United States.

Gary L. Borglund, President and CEO of Global Games Corp., was pleased to have been contacted by the Commonwealth of Dominica. ''The Commonwealth of Dominica is the first country to request our software and services. We are working briskly to meet the opening day deadline. A final agreement is being drafted and is expected to be signed within one week.

Internet Gaming Corporation (IGC), a private company with whom Global Games already has a licensing agreement in place in Dominica, will participate in this government project and will provide tech support for the Virtual World Casino and Sports Book. IGC will receive a portion of our licensing service fees for their tech support services. The Commonwealth of Dominica and IGC will operate independent sites, but will work cooperatively to the mutual benefit of all parties.

Net profits to Global Games from licensing fees for these two sites combined are projected to be substantial. These projections do not reflect additional positive earnings expected to be received from the Burnt Church project or other current Global projects.''

Global Games Corp. (OTC Bulletin Board GLOW - news) is an Internet-based commercial service business providing secure automated transaction processing for merchants and Internet customers. Global also licenses software for Internet gaming. Additionally, Global provides management and consulting services. Global's core marketing strategy is to develop recurring electronic revenue streams based on targeted niche markets where the Company's expertise can be leveraged.

This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services, successful interaction of acquisitions, the ability to secure additional financing and the ability to operate within the framework of available resources. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

Contact:
Global Games Corp., Minneapolis
Gary Borglund or Allysa Amundson
Phone: 612/672-0834
Gborglund@globalgames.com
Allysaa@globalgames.com

Everyone please do your own DD before investing in any stock.
Cheryl
ÿ



To: Sheri who wrote (773)7/7/1998 4:35:00 PM
From: John Johnston  Read Replies (1) | Respond to of 1177
 
Company Press Release
Attention: Shareholders Of Premiere Technologies
NEW YORK--(BUSINESS WIRE)--July 7, 1998--YOU ARE HEREBY NOTIFIED that a securities class action has been commenced in the United States District Court for the Northern District of Georgia against Premiere Technologies, Inc. (''Premiere'' or the ''Company'')(NASDAQ: PTEK - news) and certain of its officers on behalf of all persons who purchased or acquired shares of Premiere common stock between April 2, 1997 and June 10, 1998, inclusive (the ''Class Period'').

The complaint alleges that defendants violated the federal securities laws (Sections 10(b) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose material information about Premiere's results of operations, financial condition and weaknesses in its financial internal controls regarding the Company's failure to successfully integrate companies acquired by it during the Class Period.

The complaint alleges that defendants issues false and misleading press releases and financial statements. In particular, plaintiff alleges that defendants failed to disclose that they were unable to successfully integrate several merged companies and knew or were reckless in not knowing that the Company had neither the accounting control systems nor management structure in place to integrate the companies acquired; certain defendants, however, took advantage of their knowledge of these undisclosed adverse facts by selling their own Premiere stock at artificially inflated stock.

As a result of defendants' false and misleading statements and material omissions, the price of Premiere's stock was artificially inflated during the Class Period, such that persons who purchased or otherwise acquired common stock during the Class Period were damaged by overpaying for the stock.

Plaintiff seeks to recover damages on behalf of himself and all other purchasers of Premiere common stock during the Class Period, excluding the defendants and their affiliates. Plaintiff is represented by the law firm of Faruqi & Faruqi, LLP, which has extensive experience in prosecuting class actions and significant expertise in actions involving corporate fraud.

If you purchased Premiere common stock during the Class Period, you may, not later than 60 days from June 25, 1998, move the court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please CONTACT:

NADEEM FARUQI

LUBNA M. FARUQI

FARUQI & FARUQI, LLP

415 Madison Avenue

New York, NY 10017

212/986-1074 or toll-free 877/247-4292

e-mail: FaruqiLaw@aol.com

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Contact:
FARUQI & FARUQI, LLP
Nadeem Faruqi or Lubna M. Faruqi
212/986-1074

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