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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: bodie who wrote (276)	11/17/1998 11:25:00 AM
From: Harry_Behemoth	Read Replies (2) \| Respond to of 2585

Tuesday November 17, 10:54 am Eastern Time Company Press Release GGNC Announces Letter of Intent to Simulcast North America's Largest and Top Three Live Dog Racing Tracks on Their Cyberbetz Sports Book Site LAS VEGAS, NEVADA--GIC Global Intertainment Corporation, United States OTC BB: GGNC, a high technology entertainment and marketing company that markets an on-line sports book and casino at www.cyberbetz.com, announced today that it has a letter of Intent to simulcast live dog racing and accept wagers for three of the largest and top dog racing tracks in North America: Derby Lane/Tampa Greyhound Track, Palm Beach Kennel Club and Jacksonville Kennel Club/Orange Park/St John's. The letter calls for GGNC to simulcast live dog racing from the above top three race tracks and accept wagers, on-line, through their legally licensed Cyberbetz Sports Book and Casino. The Cyberbetz Sports Book and Casino is legally licensed through the Commonwealth of Dominica in the Caribbean. Currently in North America dog racing is a multi-million dollar business. The betting system will be set up as an interactive system that will target both experts and first time bettors of dog racing and also bettors from Asia. James Chu president and CEO of GGNC stated ''Dog racing is one of the most exciting forms of racing in the world yet it has not been actively marketed on an international scale. People in Asia love to bet on dog racing and in many large North American cit ies with large Asian populations, they do not have live dog racing events. This alliance, will not only help to raise the awareness of dog racing as an exciting form of wagering, but it will also help to broaden the existing market base of the sport on an international scale and advance it to new levels. Currently, dog racing is marketed to a very limited market in North America. Our Web site that will market dog racing wagers is designed not only for experts that fully understand how to place a wager on a dog race event. Our objective is to widen the market internationally to include new generation and ''first-time-bettors'' of dog race events and also bettors from Asia and North American cities with large Asian populations''. For additional company information, see Wall Street Research Group's ''recommended buy'' listing at www.superstocks.net/gicglobal or call 1-800-943-2298. GIC Global Intertainment Corporation is a high technology entertainment and marketing company that searches for proven state of the art technologies that are directly linked to the Internet, specifically in the area of Internet gaming. The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from GIC's expectations. --------------------------------------------------------------------------------