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Non-Tech : World Wide Web Casinos (Internet Casino/Sportsbook) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Harb who wrote (435)	2/23/1999 10:28:00 AM
From: Michael Harb	Read Replies (1) \| Respond to of 688

(PR NEWSWIRE) New Discoveries Publishing Corp. Announces CEO New Discoveries Publishing Corp. Announces CEO SYDNEY, Australia, Feb. 23 /PRNewswire/ -- Software development company, New Discoveries Publishing Corporation (OTC-Bulletin Board: NWDP), today announced the appointment of a control person, Peter Michaels, as Chairman and Chief Executive Officer. Michaels, described as a "technological visionary", was instrumental in the purchase of the company in December 1998. Michaels is also the founder and CEO of World Wide Web Casinos and a director of Australian Media Company (AMC). AMC recently signed an exclusive Memorandum of Understanding with the government of Norfolk Island (an external territory of Australia) to host an Internet gaming enterprise on the Island. New Discoveries Publishing Corporation has licensed its Internet gaming software to AMC and will receive royalties from this arrangement -- projected revenues could be over $25 million* in the first year. According to Mr. Michaels, the project will make Internet gaming accessible to the world's wagering population -- estimated to be worth a staggering $29.2 billion by the year 2000. Mr. Michaels says the growth of Internet gaming is being reflected in investor confidence and predicts stock prices of publicly traded, regulated Internet gaming companies could parallel those of other Internet stocks currently trading on Nasdaq. In the past three months, Excite, Inc. has risen by 90% from $50 to $95; CNET Inc. has risen by 105% from $59 to $121; Infoseek has risen by 80% from $34 to $61-4/8; Geocities has risen by 102% from $42-6/8 to $86-4/8; Netscape has risen by 66% from $42 to $70; Yahoo has risen 23% from $110 to $135; Amazon.com has risen by 40% from $72-5/8 to $101-7/8; Microsoft has risen by 24% from $119 to $147-6/8; Cisco Systems has risen by 27.5% from $76 to $97; and Lycos Inc. has risen by 35% from $65 to $87-1/2. An advocate for the regulation of Internet gaming, Mr. Michaels was instrumental in the creation of Bill C353 in Canada to amend the Criminal Code (Regulation of Internet Gaming). Mr. Michaels has also worked with governments in Australia, South Africa and other G7 countries to ensure that Internet gaming sites in these regions offer protection for consumers in terms of gaming integrity, competitive odds, prompt payment of winnings and fair dispute resolution when needed. New Discoveries Publishing Corporation, a Nevada-based company, was formed providing high quality, gaming and entertainment with an emphasis on customer service. For further information, visit the company's website at www.webcasinos.com. Australian Media Company (AMC) is a privately held Norfolk Island corporation. AMC has negotiated telecommunications contracts to enable the delivery of home gaming via the Internet and an interactive satellite television channel to be produced in Sydney, Australia. * All dollar figures quoted in US dollars. SOURCE New Discoveries Publishing Corporation -0- 02/23/99 /CONTACT: Jennifer Parker, +61-2-9818-0919, or jparker@ppr.com.au, or Melanie King, + 61-2-9818-0920, or mking@ppr.com.au, both of Professional Public Relations/ /Web site: webcasinos.com (NWDP) CO: New Discoveries Publishing Corporation; Australian Media Company ST: Australia, Nevada IN: FIN CNO SU: PER * end of story *