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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (6089)	2/17/1999 7:52:00 PM
From: David Sirk	Read Replies (1) \| Respond to of 11130

He was on CNBC I saw him. The commentator in a joking way said that when DM gets off the phone he will be getting a call from the SEC. I don't think it's a joke. It will happen!

To: amadeus who wrote (6089)	2/17/1999 7:52:00 PM
From: Daniel Miller	Respond to of 11130

Nope, I was there alright.

To: amadeus who wrote (6089)	2/18/1999 10:04:00 AM
From: Kimberly Lee	Read Replies (2) \| Respond to of 11130

LA, SBET good news out 9:45am, received 2.5M initial funding and more to come -- our hunches were right. Century Industries, Inc. to Provide $2,500,000 in Initial Funding for IGC to [.17320] /FROM PR NEWSWIRE PHILADELPHIA 800-523-4424/ TO BUSINESS EDITOR: Century Industries, Inc. to Provide $2,500,000 in Initial Funding for IGC to Develop ToteMaster, a Proprietary Live Internet/Intranet Video Simulcasting And Wagering System for the Thoroughbred Horseracing Industry PLYMOUTH MEETING, Pa., Feb. 18 /PRNewswire/ -- Interactive Gaming & Communications, Corp. (IGC) (OTC Bulletin Board: SBET) today announced that it will receive $2,500,000.00 in initial funding from Century Industries, Inc. (PHLX: CII.B) (OTC Bulletin Board: CNTI) for GambleNet Technologies Ltd. (GTL), a Joint Effort project between the two companies. The funds will be used to complete the software development of IGC's LiveAction Gaming Platform with the addition of "ToteMaster," an Internet/Intranet Live video and wagering system for Thoroughbred Horseracing. Century and IGC will operate their joint effort, GambleNet Technologies Ltd. (GTL), from the headquarters of Intersphere Communications, Ltd. -- a subsidiary of IGC in Plymouth Meeting, Pa., where both programming and marketing staff is already in place. Both companies plan to exchange shares of their respective stocks with GTL as a basis of capitalizing GTL. The Memorandum is focused on both Century and IGC jointly owning GTL, which will be the exclusive Marketing and Promotion arm of the two companies for the finished software products "ToteMaster" and "StockSleuth." "ToteMaster" when completed will reside and operate on the already successful LiveAction Casino Gaming platform developed and offered by Intersphere Communications Ltd. GambleNet Technologies Ltd. will market and license "ToteMaster" to Thoroughbred Horse Tracks and Off Track betting facilities throughout the world. "ToteMaster" will replace the existing and costly to operate simulcasting systems currently in use at these tracks and will provide users increased wager handles by accepting wagers over the Internet. Horse Bettors will be able to place multiple bets into participating tracks wager pulls and then view the race or races in real time video over their computer. "ToteMaster" was presented to the (RCI) Racing Commissioners International and received outstanding reviews and interest for the use of "ToteMaster." As many tracks today are now receiving permission to include slot machines and video poker games to increase track revenues, "ToteMaster" becomes even more desirable. Tracks using "ToteMaster" combined with the LiveAction Casino software will instantly enable tracks to offer Video Slot Machines and Poker Card Games at about a third of the cost and operating expense of traditional casino manufactured games. Revenues are estimated at 3.5% to 5% of the track handle for using the simulcasting and wagering software. Combined revenues from the Horseracing industry in North America alone exceeded $17 billion with the tracks net earnings in excess of $4 billion. The first Beta release for "ToteMaster" is scheduled for late 1999. Profits from GTL will be shared on a 50/50 basis between the two companies. "StockSleuth" is a stock market information search engine, which provides a comprehensive analysis of any trading security with major institutional investors' short and long-term prospects and position. In the near future "StockSleuth" will be offered over the Internet to users with plans to allow for individual investors to eventually trade stocks and other securities over the Internet similar to the successful Internet site ETRADE.COM 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 Interactive Gaming & Communications Corp. /CONTACT: John Marshall, Investor Relations, Interactive Gaming &Communications, 610-941-0305, Ext. 21, or fax, 610-941-4752, or e-mail,investorrelations@igccorp.com/ /Web site: igccorp.com Feb-18-1999 06:45 GMT Symbols: US;SBET US;CNTI CA;CII Source PRN PR NewsWire Categories: NWR/PA NWI/CNO NWI/MLM