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

To: Mac S. Giballa who wrote (1908)	1/28/1999 4:04:00 PM
From: jr	Read Replies (1) \| Respond to of 2585

Company Press Release GGNC Signs Agreement With Asian Star Developments, Inc. to Open the First Internet Sports Bar Club in Asia -- Also the First in China LAS VEGAS--(BUSINESS WIRE)--Jan. 28, 1999--GIC Global Intertainment Corporation (OTC BB:GGNC) a high technology Internet entertainment and marketing Company that markets a ''5 star'', award winning, online Sports Book and Casino at www.cyberbetz.com announced today that they have signed an agreement with Asian Star Developments Inc., (the owner and operator of an Asian Water World Park and Entertainment City), to open the first Internet Sports Bar Club in Asia (also the first in China). 1) The Internet Sports Bar Club will be located within an existing and operating Water World Park and Entertainment City just above Hong Kong and Shenzhen and below Guangzhou city in southern China. 2) The Water World Park and Entertainment City is located on 132 acres of land in Shilong city, Dongguan in Guandong Province in Southern China which is the current leading entertainment and fashion region of China. 3) Guandong Province is currently the wealthiest and the most developed Province of China. The surrounding areas where GGNC's Internet Sports Bar Club will be located (within the Water World Park and Entertainment City), has a total population of 62,460,000. 4) The Internet Sports Bar Club is currently under renovation and will be opened approximately 60 days from now. 5) One of the majority shareholders of Asian Star Developments, Inc. is one of the largest publicly trading companies in Asia: New World Development Co. Ltd. which is founded and owned by one of Asia's most famous billionaires. New World Developments Co. Ltd. currently has significant business interests, investments, hotel chain operations and connections in China. GIC Global Intertainment Corporation is a high technology, Internet Company that searches for proven technologies that are directly linked to the Internet. The Company intends to seek market dominance by way of mergers and acquisitions of Internet related companies and technologies that are already positioned in the marketplace. For additional information contact Chris Sargent, or Keith Lindquist, at 877/442-9467. 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. Contact: GIC Global Intertainment Corporation Chris Sargent/Keith Lindquist, 604/688-6888 Toll Free: 877/442-9467 Ir@ggncwins.com