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

To: Chuck Rubin who wrote (1155)	12/9/1998 2:26:00 PM
From: JOEY	Respond to of 2585

GGNC Issues Statement Regarding Price Volatility Wednesday, December 9 1:37 PM ET Current quotes (delayed 20 mins.) GGNC 1.968 -0.032 (1.60%) LAS VEGAS (BUSINESS WIRE) - GIC Global (OTC BB:GGNC) GIC Global Intertainment Corporation, (United States OTC BB: GGNC) a high technology Internet, entertainment and marketing company that markets an on-line sports book and casino at www.cyberbetz.com, issued a statement regarding the high volume trading and volatility in the price of its stock. James Chu, president and CEO, stated, "We feel that recent price volatility and trading activity has attracted short sellers and day traders to our stock. The company is progressing as planned and the results of the operations are better than expected. Our operations are on schedule to meet all of our current goals and objectives, this year, and in the years to come. Shareholders should look towards long term growth and stability and not be frightened by unscrupulous short sellers trying to make a quick buck at the expense of long term shareholders." The Company added that its first fiscal year end is August 31, 1999. Second year projections, announced in a news release on December 7, 1998 are based upon the fiscal year ending August 31, 2000. The Wall Street Research Group, a company that features undervalued stocks in emerging growth markets, has now listed GGNC as a recommended buy. For additional information, see Wall Street Research Group's "recommended buy" listing at www.superstocks.net/gicglobal or call 1-800-943-2298.