To: Tracy Moore who wrote (251 ) 12/14/1998 8:38:00 PM From: Retaylor Respond to of 3517
A company you might just want to keep your eye on tomorrow and the coming weeks is GLOW, they just had this news released after the bell today. Global Games to Receive 30% of New Sports Book in Software Transaction Business Wire - December 14, 1998 16:25 MINNEAPOLIS--(BUSINESS WIRE)--Dec. 14, 1998--(OTC BB:GLOW - news) Global Games reported today that it is in discussion with First Entertainment, Denver, Colorado (OTC BB:FTET - news) regarding a license for its sports software. Under this license, Global will receive 30% of adjusted gross profit. Island Gaming reported to Global that the total handle for November was $5,326,000...an increase of approximately 2% over last month. November performance was just below breakeven. Island Gaming reported that the first two weeks of December produced results which indicate December will far exceed forecasts. Island Gaming moved its new facility last Friday. This move will allow Island Gaming to expand its customer service area. A member can now log onto Island Sports Book http://island gaming.net. and find horse racing schedules for seven major racing tracks. Island Gaming competes with other operators in the internet gaming market such as GIC Global Intertainment Corporation (OTC BB;GGNC), Starnet Communications International Inc. (OTC BB:SNMM) and Gaming Lottery Corp. (Nasdaq: GLCCF). Island Sports Book is a private international business corporation with Dominican ownership. It is located in, and licensed by, the Commonwealth of Dominica, West Indies. As an internet gaming company, Island Sports Book is dedicated to delivering quality casino gaming and interactive wagering using advanced secure online servers and state-of-the-art software programming. This press release contains forward-looking statements with respect to the results of operations and business of the Company that involve risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. CONTACT: Gary Borglund or Allysa Amundson Global Games Corporation Phone: 612-672-0834 borglund@globalgames.com allysaa@globalgames.com www.globalgames.com or Island Sports Book e-mail: islandgaming@cwdom.dm or visit site: islandgaming.net