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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Rubin who wrote (2269)	3/19/1999 10:50:00 AM
From: William Hayden	Read Replies (1) \| Respond to of 2585

GGNC NEWS!!! (COMTEX) B: GGNC Has Acquired 100% of an Established and Operating In B: GGNC Has Acquired 100% of an Established and Operating Internet Lottery Website LAS VEGAS (March 19) BUSINESS WIRE -March 19, 1999--GGNC on the O.T.C. Bulletin Board (located and licensed in the Commonwealth of Dominica), today announced that it has acquired 100% of an operating and established Internet Lottery Website from Casino World Holdings, Ltd. of Del Mar, California. GGNC's Internet lottery Website includes the same type of established and operating internet lottery software and games currently in use by a well-known site operated by an U.S. Native Indian Tribe. This tribal owned and operated land based Casino, which has been operating and using the same internet lottery software for over two years with a proven success and track record. GGNC's Internet Lottery Software currently can offer Daily, Weekly and Monthly Lotteries, Instant Scratch Lottery, U.S. $1 Million Jackpot Monthly Lottery, etc. GGNC is currently in the process of re-designing and changing the graphics of the Internet Lottery Website, to be launched in the next 30 days. James Chu, president and CEO of GGNC stated, "We are very excited about this new 100% software and Website acquisition which open many new revenue streams and opportunities for our company and also in the new area of the Internet gaming markets. People would love to be able to purchase a $1.00 lottery ticket anywhere around the world (through the Internet) to win $1,000,000 Jackpot throughout the year, especially in the huge gaming markets in Asia. Many niche markets can be developed with our Internet lottery software that has a proven track record of operation, security and reliability." Mr. Chu went on further to say, "Our Goal is to become a leader and major force in the Internet Lottery field and is dedicated to achieving this goal in a timely manner." GNNC's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq:SLOT), Harrah's Entertainment Inc. (NYSE:HET), Trans World Gaming Group (OTC BB:IBET), Argosy Gaming Co. (NYSE:AGY), International Game Technology Inc. (NYSE:IGT), and Azbar Corp. (NYSE:AZR). Cryptologic Inc. (TSE:CRY), Starnet Communications International Inc. (OTC BB:SNMM), GLC Limited (Nasdaq:GLCCF), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Cybergames Inc. (OTC BB:CYGA), IGN Internet Global Network Inc. (VSE:IGN) (OTC BB:IGINIF) and Global Games Corp. (OTC BB:GLOW). The potential of the Internet continues to increase each week. Forrester Research recently estimated that worldwide Internet commerce could reach as high as US$3.2 Trillion in 2003. The 1998 Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US$100-200 Billion in annual revenues by 2005. GIC Global Intertainment Corporation is a high technology Internet Gaming Company that searches for proven technologies, which are directly linked to the Internet. The company intends to seek market dominance by way of mergers and acquisitions of Internet-related gaming companies and technologies that are already positioned in the marketplace. The Wall Street Research Group, a company that features undervalued emerging growth stocks, has listed GGNC as a "recommended buy." For further information, call 1-888-615-1145. 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 is subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of GIC Global Intertainment Corporation. -0- MC/RYG/se* CONTACT: GIC Global Intertainment Corporation Keith Lindquist or Shawn Balaghi 877/442-9467 or 604/688-6888 ir@ggncwins.com KEYWORD: NEVADA CALIFORNIA NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *