To: The Big Guy who wrote (490 ) 3/22/1999 9:05:00 AM From: Michael Harb Read Replies (1) | Respond to of 688
(PR NEWSWIRE) New Discoveries Strikes Deal With Internet Giants New Discoveries Strikes Deal With Internet Giants SYDNEY, Australia, March 22 /PRNewswire/ -- New Discoveries Publishing Corp. (OTC Bulletin Board: NWDP), an Internet e-commerce software company, has signed agreements with Internet giants America Online (NYSE: AOL), Excite (Nasdaq: XCIT), Lycos (Nasdaq: LCOS) and Yahoo (Nasdaq: YHOO), in a bid to win the lucrative online gaming market. The four largest search engines will host links to New Discoveries' home page, allowing Internet users direct access to the Webcasinos interactive gaming sites and stock information site. The agreement allows New Discoveries to reach most of the world's Internet users, currently estimated to be 75 million people. The agreement is for a combined number of 7.9 million hits to the New Discoveries' site. Lycos is the second most visited Internet hub and the worlds largest online community with over 28 million visitors each month, reaching 48.8% of the Internet audience. New Discoveries aims to reach the huge number of Internet gaming players and attract new users to its virtual casino site. Industry estimates suggest the online gaming market could be worth a staggering $29.2 billion by next year. Chairman and Chief Executive Officer, Peter Michaels, said: "This could be the first part of a series of online alliances between New Discoveries and Internet-related companies. We are market testing to identify the best method to allow as many players as possible quick access to our entertaining gaming sites." "We are confident that traffic to our "webcasinos" site will increase due to the existing traffic to these popular search engines. "Internet users and investors have also expressed their interest in knowing more about our company as a potential investment. Shareholders can easily monitor the performance of New Discoveries stock by visiting one of the online investment pages of America Online, Excite, Lycos or Yahoo," said Mr. Michaels. Shares in the popular Internet search engines have performed strongly over the past three months, since 22 December 1998 to 19 March 1999, with America Online increasing 125% from $53 to $1191/4; Excite increasing 146% from $49 3/8 to $121 6/8; Lycos rising 73% from $55 6/8 to $96 5/8; and Yahoo moving higher 39% from $122 4/8 to $170. New Discoveries Publishing Corporation, a Nevada-based company, was formed in 1993 and approved for trading in September 1998. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time. For further information visit the company's website atwebcasinos.com SOURCE New Discoveries Publishing Corp. -0- 03/22/99 /CONTACT: Lauren Stewart, +612-9818-0950, or laurenstewart@ppr.com.au, or Jennifer Parker, +612-9818-0919, or jparker@ppr.com.au, both of Professional Public Relations for New Discoveries Publishing Corp./ /Web site: webcasinos.com (NWDP)