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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: Greg Hodges who wrote (4181)	7/7/1998 11:46:00 AM
From: Archie Goodwin	Read Replies (4) \| Respond to of 8879

NEWS...... PR NEWSWIRE) DJ: Global Games Corp. Signs Preliminary Agreement With Comm DJ: Global Games Corp. Signs Preliminary Agreement With Commonwealth of Dominica, West Indies MINNEAPOLIS--(BUSINESS WIRE)--July 7, 1998-- Strong Projected EPS Expected from World's First Government-Sponsored Casino Gaming Site 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 11:28 EDT JULY 7, 1998 * end of story * Brian $^)