To: Skycat who wrote (1096 ) 2/22/1999 8:49:00 AM From: sandstuff Read Replies (2) | Respond to of 9115
Netbet.com Announces Completion of Construction At Its Grand Pacific Casino in Costa Rica and Plans for Casino Grand Opening LAS VEGAS--(BUSINESS WIRE)--Feb. 22, 1999-- Announces New General Manager for Grand Pacific Casino Netbet.com (OTC BB: NBET) Monday announced the completion of the extensive renovation and expansion of the company's Grand Pacific Casino at Jaco Beach, Costa Rica. Jaco Beach is a world-renowned surfing beach and destination resort center on the Pacific Ocean in Costa Rica. It is the nearest beach to San Jose, the capital of Costa Rica. The Grand Pacific Casino is located in the Jaco Beach Fiesta Hotel, one of the largest hotels in Jaco Beach. The Jaco Beach area is undergoing substantial expansion with the Marriott Serrano Resort and International Marina, including an 18-hole championship golf course scheduled for opening in mid-1999. Costa Rica is a democratic republic with over 3.5 million people and is considered to be the tourist destination of choice in Central America, with excellent beaches on both the Caribbean and the Pacific Ocean and an interior often called the "Switzerland of America." The Grand Pacific Casino will be one of the largest casinos in Costa Rica and will offer all legal forms of gaming. Training of casino personnel has been in progress for approximately one month with final training and testing of Casino security and control procedures to be completed prior to the grand opening. The grand opening of the Grand Pacific Casino is planned to be held in mid-March. New General Manager of Grand Pacific Casino Netbet.com announces the appointment of Miguel Dinarte Guzman as general manager of the company's Grand Pacific Casino in Costa Rica. Guzman was born in Costa Rica and has over 16 years of experience in all phases of casino operations and management with particular emphasis on Costa Rica casinos. For eight years Guzman was employed by Costa Cruise Lines in casino operations. He started as a slot machine attendant and moved on to positions as card dealer, inspector, and then senior inspector, further to be an assistant pit boss and finally an assistant casino manager. For the past eight years Guzman was general casino manager for the Hotel San Jose Palicio in San Jose. During the same period he opened and operated three other casinos in Costa Rica which are all currently in operation. Guzman is a graduate of the University of Costa Rica in business administration. He has taken advanced courses in public relations at the National University of Costa Rica. He is fluent in English, Italian, Portuguese and Spanish. A company special stockholders' meeting is planned for March 8, 1999, to vote on the previously announced proposed merger with Internet Gaming Inc. (news release dated Feb. 17, 1999). Safe Harbor Statement Some statements in this release are forward-looking and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward-looking statements. NetBet.com's scope of operation includes the design, development and promotion of interactive, software-based games of chance. Utilizing the Internet as a medium for presentation, the company provides technology services for the online worldwide casino marketplace 24 hours a day, 365 days a year. CONTACT: Netbet.com Jim Brewer, Chief Financial Officer 949/474-2191 or Market Pathways Shannon T. Squyres, President 949/955-1860 KEYWORD: CALIFORNIA BW1138 FEB 22,1999 5:34 PACIFIC 08:34 EASTERN