To: Bruce Hoyt who wrote (11884 ) 12/17/1998 10:22:00 AM From: Mark S. Schroeder Respond to of 19109
Saw this news release today, yet I don't think it has anything to do with our Total Multimedia.......but interesting ******* (BSNS WIRE) Total Entertainment, Inc. Soars Into 1999 Total Entertainment, Inc. Soars Into 1999 Business/Technology Editors RED BANK, N.J. & MONTREAL--(BUSINESS WIRE)--Dec. 17, 1998-- Intercapital Canada Ltee, a subsidiary of Total Entertainment Inc. (OTC BB:TTLN), reported that THEONLINECASINO.COM, month of November gross profit was $82,840.00, an increase of 11% over October for Casino Operations and Sportsbook. THEONLINECASINO.COM increased its account base again by over 85% in November and anticipates this growth trend to continue. Total Entertainment, Inc. will announce first quarter operational results in January 1999 along with the appointment Deloitte and Touche as the company's accounting firm that will support our international growth. As of December 1st, THEONLINECASINO.COM has expanded its Casino by adding 16 additional slot machines ranging from five cents to two dollar slots. Based on preliminary results, the December forecast of a gross profit of $75,000 will exceed expectations to well above $100,000.00. The momentum of Casino traffic and increase in account base activity should carry over into January 1999. THEONLINECASINO.COM has seen its Sportsbook experience substantial growth over the past 30 days and feels that with its growing account base and College Bowl season vastly approaching as well as the NFL playoffs and the Super Bowl, revenues and earnings should continue to exceed expectations. THEONLINECASINO.COM feels that with the continuation of its extensive Internet advertising campaign and its superior customer service, the client base should more than double in the first quarter of 1999. The company also has reached a tentative agreement to add an additional licensee in 1999, along with Chinese and Japanese language versions and additional Casino style games. Total Entertainment, Inc. goal is to become a leader in the Internet gaming industry in 1999. Total Entertainment Inc., through its wholly subsidiary Online Software Inc., licenses software for Internet gaming. Intercapital Canada Ltee is an Internet-based commercial service business providing secure automated transaction processing and proprietary software for Internet clients. Total Entertainment Inc., provides entertainment management, marketing and consulting services. The Internet Casino and Sportsbook can be found online at WWW.THEONLINECASINO.COM/ "This press release contains forward-looking statements which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995." --30--de/ny* CONTACT: Total Entertainment Sandy J. Masselli, Jr. Phone: 1-732-345-1166 or Intercapital Canada, Ltee Alex Kennedy Phone: 1-888-860-4110