To: Mr. Rhino who wrote (2124 ) 3/11/1999 10:19:00 AM From: LORD ERNIE Read Replies (1) | Respond to of 8858
some old news: News article received, Wednesday, March 10, 1999 10:15:28 AM EST Total Entertainment, Inc. Announces Asian Strategy; Theonlinecasino.com Site Now Translated Into Chinese RED BANK, N.J. & MONTREAL, QUEBEC (March 10) BUSINESS WIRE -March 10, 1999--Business Wire Total Entertainment Inc. (OTC BB:TTLN) announced today that the ONLINECASINO.COM, Internet Casino and Sportsbook has been translated into Chinese Language for the world's largest untapped market of Greater China and South East Asia. With Asian Internet usage growing at a rate of over three hundred (300%) per cent per year, Total Entertainment, Inc., has identified this market as a priority. To this end Mitchell Brown, President of Total Entertainment, Inc. stated shareholders of the company can look forward to Total Entertainment, Inc., completing negotiations with a Major Asian financial Interest having the capability to impact the future of the company. Further, Mitchell Brown stated that a report on this development will be announced to shareholders by March 16, 1999 and that The ONLINECASINO.COM has continued to experience record wagering revenues and account growth since the site went live on October 15, 1998. The company previously reported year end revenue for 1998 of four million nine hundred twenty two thousand fifty eight ($4,922,058) dollars. Leisure and Gaming research analysts predict On-line gaming will become a twenty five billion ($25,000,000,000.00) dollar market by the year 2002. According to the Computer Industry Almanac, by the end of 1998 there were more than 147 million Internet users worldwide. This number is constantly growing. By the year 2000, 327 million people around the world will have Internet access. The top 15 countries will account for nearly 82% of total Internet users (including business, educational and home Internet users). By the year 2000 there will be 25 countries where over 10% of the population will be Internet users. Forrester Research recently estimated that worldwide Internet commerce could reach as high as $3.2 trillion in 2003. The 1998 Casino and 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. Total Entertainment, Inc. is committed to become a leader in the Internet gaming industry. Successful competitors in the exploding On-line casino and gaming industry include: CryptoLogic (TSE: CRY.TO), GLC Limited (NASDAQ: GLCCF), Starnet Communications International Inc. (OTC BB: SNMM), GIC Global Entertainment Corp. (OTC BB: GGNC), GoCallInc (OTC BB: GOCA), Cybergames Inc. (OTC BB: CYGA). Winners Internet Network (OTC BB: WINR), GLC Limited (NASDAQ: GLCCF), Atlantic International Entertainment Ltd. (OTC BB: AIEE). The Online Casino and Sportsbook can be found online at www.theonlinecasino.com. The statements in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of Total Entertainment, Inc.