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

To: interesting man who wrote (665)	11/30/1998 8:38:00 AM
From: Harry_Behemoth	Read Replies (1) \| Respond to of 2585

Monday November 30, 8:31 am Eastern Time Company Press Release GGNC States Cyberbetz Reports An Overwhelming Response to Interactive Sports Book And Casino. First Year Wagering Projections Revised to U.S. $75 Million 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 the initial response from the introduction of their interactive on-line sports book has been overwhelming. For the 1998 fiscal year, ending August 30, 1999, GGNC has revised their first year wagering revenues to reflect the response they've received from the Internet gambling community during their first quarter of operations. The Company expects that wagering revenues placed through their Cyberbetz Casino and Interactive Sports Book will exceed U.S. $75 Million, with gross profits of U.S. $11.2 Million. James Chu, president and CEO stated ''We have been anxiously awaiting the arrival of this interactive on-line sports book software. We knew that the response from our existing and new client base was going to be positive, but we never anticipated such an overwhelming response. Since the introduction of the Cyberbetz Sports Book last week, the traffic to the Cyberbetz site has more than doubled. This causes a positive chain reaction to occur. It registers us higher in the rankings of the gambling directories as one of the most popular gaming sites. This in turn, drives even more traffic to our site, and the chain reaction continues. This means more deposits, more wagers, more profits and a healthier bottom line to the Company and our existing and future shareholder base.'' It is estimated that approximately $88 billion dollars of wagering is currently taking place in the untapped North American gaming market. Internet sports books, Internet casinos and gaming stocks related to either of them, are now poised for explosive growth. Industry analysts predict changing gambling behaviors. As more and more traditional gamblers become familiar and comfortable with the Internet, their traditional gambling habits will convert from Las Vegas style gambling to Internet gambling. On November 24, 1998, GGNC was listed on the ''Hot Subjects'' page of the Silicon Investor at www.techstocks.com. On November 26, 1998, James Chu was interviewed by TSN Sports Network for a feature on Internet gaming and sports book betting. The Cyberbetz on-line sports book and casino will be featured on this nationally broadcast television station which is expected to air in early December, 1998. The Wall Street Research Group, a company that features undervalued stocks in emerging growth markets, has now listed GGNC as a recommended buy. Michael, A. Furr, president of Wall Street Research Group stated ''GGNC is tremendously undervalued, especially when you consider the huge gains and astronomical P/E ratios given to other Internet related stocks. EBAY for example moved from $25 1/4 to $234 within 3 months, BAMM moved from $2 1/4 to $40 within 30 days, AMZN moved from $24 1/4 to $233 within 12 months. The fact is that GGNC is an Internet stock, just like EBAY, BAMM and AMZN. These stocks and stocks like them are highly susceptible to radical movements in price. GGNC is expected to make a profit this year in a proven Industry like gaming. Internet gaming is becoming more and more commonplace as traditional gamblers around the world and the U.S. (currently estimated at 200 million worldwide and 25 million in the U.S.) go online like everyone else. We see Internet gaming stocks as being the next ''Hot Sector'' to be in. We are bullish about this sector and are aggressively seeking out companies like GGNC with the potential to take advantage of this fast developing industry, while they, and this industry, are still in their embryonic stages. This sector is where the next Microsoft, E-Bay or Amazon is likely to be found.'' For additional information, see Wall Street Research Group's ''recommended buy'' listing at www.superstocks.net/gicglobal or call 1-800-943-2298. 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. --------------------------------------------------------------------------------