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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Trooper who wrote (771)	12/15/1998 11:36:00 AM
From: Nescom	Read Replies (1) \| Respond to of 15987

SBET News IGC CORP. ANTICIPATES $3 MILLION IN AD REVENUE FROM tagged for: SBET retrieval keys: !business !hightech !infotech !public+companies !wall+street advertising book commerce consumer corporate dollar expansion gambling internet literature marketing online otc prn revenue sales securities software sports usa Internet Portal Site GambleNet PLYMOUTH MEETING, Pa., Dec. 15 /PRNewswire/ -- Interactive Gaming & Communications Corp. (IGC) (OTC Bulletin Board: SBET) a Philadelphia area software development company announced its expansion plans for its gamblenet site located at gamblenet.com GambleNet will be billed as a portal home page for gambling enthusiasts of all types and a gambling search engine with Yahoo! style searches and Amazon.com style shopping. Key features of the site include a directory of gambling related sites that will duplicate a similar formula to Yahoo! and a shopping area for gambling related literature and software with a similar marketing formula to Amazon.com. Other services include Sports Handicapping services, Sports Line services, Sports Injury Reports, Sporting event results, Available Casino room availability, comps and many other gaming related services including the Play for Fun & Prizes Casino and Sports Book playforfun.com. The newly revised GambleNet site represents additional revenue to IGC from sales of advertising to both traditional and online Casinos, brand name manufacturers and its electronic commerce partners within the GambleNet main portal area and vast service directories of the site. With the rapid expansion and consumer acceptability of gambling worldwide, there is a real need for a site of this type for both the players and the industry. IGC anticipates potential advertising and subscriber revenues from the site to reach over $3 million by year end 1999. The site's redesign is being completed by Intersphere Communications Ltd., (http://www.intersphere.com) a Philadelphia-based subsidiary of IGC which focuses on online development and software design and markets its world-renowned gambling software, The Live Action Gaming Platform, for online or land-based casino gaming. As has been demonstrated, the concept of developing a one-stop shop of sites to everything you need on the Web, and where Internet users will want to hang around, "portals" is the big buzz of 1998. The Yahoo! portal site delivers 100 million page views a day. Over the past year Yahoo! has been a leader in search functionality and advertising revenues and now trades over $195 per share. Similarly, Amazon.com leads the world in electronic commerce on the web with the sale of books, CDs, and videos, and now trades for $231 per share. Industry leaders have predicted the electronic commerce industry to surpass $260 billion by the year 2002, and the online advertising industry to surpass $8 billion by 2002. Similar to AMAZON.COM and YAHOO!, IGC -- the leader in Internet/Intranet Gaming software -- now intends to lead the way in creating the GambleNet portal and to be well positioned in this multi-billion dollar industry. For further information about IGC see their website at www.igccorp.com. 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 IGC's expectations. SOURCE Intersphere Communications Ltd. -0- 12/15/98 /CONTACT: Jeffrey D. Erb of Intersphere Communications, 610-941-0305, Ext. 12, or fax, 610-941-4752, or E-mail, jeff@intersphere.com/ /Web site: playforfun.com /Web site: gamblenet.com /Web site: igccorp.com /Web site: intersphere.com (SBET) CO: Interactive Gaming & Communications Corp.; Intersphere Communications Ltd. ST: Pennsylvania IN: MLM CNO SU: