To: Joe Griffin who wrote (167 ) 3/16/1999 9:50:00 AM From: CUBBY Respond to of 363
WorldNet Casinos Signs StrategicAlliance with Internet Ad Agency SiteAds March 16, 1999 09:30 AM LAS VEGAS--(BUSINESS WIRE)--March 16, 1999--Ranes International Holdings Inc. RIHI under a definitive agreement to merge with WorldNet Casinos (WNC), announces WorldNet Casinos has entered a strategic alliance with Internet Marketing Leader, SiteAds. In this alliance, SiteAds will manage WorldNet Casinos' Internet marketing campaigns for current and future business operations. WorldNet Casinos President Kelly Arruda continued, "On the heels of our recently announced contract with SBG Global Sports, this strategic alliance will enable WorldNet Casinos to participate with SBG in their over $1 million traditional print, radio and TV advertising campaign. In addition WorldNet Casinos will fund a $500,000 Internet ad campaign throughout the world over the next twelve months. We need strong partners, such as SiteAds, to ensure we attain our significant 1999 growth plans." SBG Global Sports, "The world's most respected Sportsbook", operates out of Costa Rica and may be visited at www.sbgglobal.com. SBG, a partner of WorldNet Casinos, is one of the largest offshore sports betting operations in the world. SiteAds (www.siteads.com) is a leader in Internet marketing and is the publisher of the award winning "High Rollers" e-zine. SiteAds specializes experience in search engine technologies, allowing their accounts to regularly be placed in the top three results of any Internet search. Because of this expertise, WorldNet Casinos has contracted with SiteAds to develop 250 new "sports related" sites to feed their premier Sportsbook site, CyberBookie(TM), "The First and Biggest Sports Book on the World Wide Web". These 250 new sites, operational in April, will include a major sales "Super Contest" with a 1999 JEEP Grand Cherokee as a prize. Forrester Research recently estimated that worldwide Internet commerce could reach as high as $3.2 trillion in 2003. The 1998 Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US $100 billion to US $200 billion in annual revenues by 2005. According to Datamonitor, online gambling turnovers have the potential to dwarf those of other interactive services, tapping into an existing traditional gambling market valued at over $700 billion in Europe and the US alone. Casinos, lotteries and sports books dominate the new market, allowing customers with an Internet connection and a credit card to gamble literally anywhere in the world. With the most successful services turning over more than $1 million per week, the current market value of $600 million is just the tip of the iceberg The fast growth Internet casino and land based gaming industry include such participants as: CCA Companies Inc. RIPEC , NevStar Gaming Corp. NVST , and WMS Industries Inc. WMS . 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: 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. CUBBY