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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (12496)	2/25/1999 9:53:00 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

RIHI alert: Thursday February 25, 9:30 am Eastern Time Company Press Release WorldNet Casinos Signs Contract with Global Intertainment Corporation LAS VEGAS, Nev.--(BUSINESS WIRE)--Feb. 25, 1999--Ranes International Holdings Inc. (OTC BB:RIHI - news) under a definitive agreement to merge with WorldNet Casinos (WNC) and trade under a new symbol, announced WorldNet Casinos has finalized a license with Global Intertainment Corp. (GIC) (OTC BB:GGNC - news) to use its patented Internet online Sportsbook software. In addition to direct sales revenue, WorldNet Casinos will receive 25% of the win Cyberbetz will gain from this new Sportsbook offering. Cyberbetz, www.cyberbetz.com, the Internet Casino run by GIC, will now offer its extensive list of customers the opportunity to bet on all major sporting events. The company has a worldwide customer base with emphasis on the Asian and European markets. By releasing its new full blown version of its patented Internet Online Sportsbook Software, WorldNet Casinos expects to convert the traditional gambler from Las Vegas style gambling to Internet gambling with a fully automated interactive sportsbook, allowing the gambler to see and bet on real time global sporting events from the comfort of their home. This strategy is key to the company diversifying its revenues beyond the traditional on-line gaming market by leveraging the Internet. According to Datamonitor, online gambling transactions have the potential to dwarf those of other interactive services, with the most successful services turning over more than $1 million per week. WorldNet Casinos currently posts revenue in excess of $7 million per month, and is growing at a rate that will attain approximately 5% market share within 12 months. Some of WNC's competitors within the Internet gaming market include Anchor Gaming Inc. (NASDAQ:SLOT - news), Harrah's Entertainment Inc. (NYSE:HET - news), Trans World Gaming Group (OTC BB:IBET - news), Argosy Gaming Co. (NYSE:AGY - news), International Game Technology Inc. (NYSE:IGT - news), and Azbar Corp. (NYSE:AZR - news). WorldNet Casinos.com, pioneer of Casino Games and services for the Internet, is the leader in developing Casino games that are easy to access, exciting to play and safe and secure to use. For additional information please visit our web site www.worldnetcasinos.com, e-mail press@worldnetcasinos.com or call John Kirk, investor relations at 877/899-9950. Note to Editors: Certain statements herein that are not historical are forward looking statements which involve risk and uncertainties. Investors who seek more information about the company's business and relative risk factors may wish to review the company's periodic reports filed with the SEC including, but not limited to, its most recent Annual Report on Form 10-K/SB and Quarterly Report on Form 10-QSB. Contact: Ranes International Holdings Inc. Andy Ruppanner, 561/367-7432

To: Gator who wrote (12496)	2/25/1999 9:53:00 AM
From: buckshot	Read Replies (2) \| Respond to of 25711

(PR NEWSWIRE) MPTV Inc. Announces Commitment to Refinance MPTV Inc. Announces Commitment to Refinance NEWPORT BEACH, Calif., Feb. 25 /PRNewswire/ -- MPTV, Inc., a Nevada corporation, announces that it has received a commitment to refinance the loan for the Lake Tropicana Timeshare resort in Las Vegas, Nevada. The commitment of $7,800,000 will pay off the underlying lienholder's on the property as well as complete the construction of Phase I. The loan is scheduled to close prior to March 31, 1999. Within approximately 60 days of the loan being closed, sales will commence. In addition, MPTV, Inc., is involved in ongoing negotiations for the procurement of additional working capital. MPTV, Inc., is also pleased to announce the addition of Brent H. Hall as Executive Vice President/CFO. Mr. Hall is a 14-year veteran of the real estate development industry serving in senior management position with large national public companies as well as successful experienced start-ups. The Lake Tropicana Timeshare Resort is located on prime real estate in Las Vegas, Nevada on 7.5 acres between the MGM Grand Hotel and Casino and the Hard Rock Cafe and Hotel Casino. The Lake Tropicana Timeshare Resort consists of 22 buildings, tennis court, spa, swimming pools and recreation facilities. MPTV, Inc., will offer 9,152 timeshare intervals at an average price of $12,500 per interval, typical gross profits for the industry exceed 15%.(1) The Lake Tropicana Resort will be MPTV's flagship property. Management plans to open several off-site sales offices in California to increase sales production at a rapid rate. MPTV Inc. is engaged in Timeshare Resort Development, Resort Management and Vacation Oriented Television Entertainment and Advertising. (1) This sentence constitutes a forward looking statement, and is subject to various factors that could cause actual results to differ materially from the result anticipated in such forward looking statement, as more fully discussed in Item 1 of MPTV's Annual Report on Form 10-KSB for the year ended December 31, 1995 under "Forward Looking Statements." SOURCE MPTV, Inc. -0- 02/25/99 /CONTACT: James C. Vellema, Chairman of MPTV, Inc., 949-760-6747/ (MPTV) CO: MPTV, Inc.; Lake Tropicana Resort ST: California, Nevada IN: LEI TLS RLT SU: * end of story *