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To: Daniel Miller who wrote (5915)3/22/1999 6:23:00 PM
From: Steven G. Trapp & Company  Read Replies (1) | Respond to of 9115
 
Atlantic International Entertainment, Ltd. Announces License Agreement For The Interactive Casino Extensions(TM) (Ice(TM)); Revenues Are Anticipated To Exceed $500,000 With A Recurring Revenue Stream
PR Newswire - March 22, 1999 10:41

BOCA RATON, Fla., March 22 /PRNewswire/ -- Atlantic International Entertainment, Ltd., AIE Ltd. (OTC Bulletin Board: AIEE) announces today that it has entered into a license agreement with Caribbean Trade Winds, Ltd., (CTW, Ltd.). CTW, Ltd., a Commonwealth of Dominica Corporation, is the owner of PairofDice Casino & Sportsbook. This license is for their Interactive Casino Extension(TM) (ICE(TM)) system. The contract calls for multiple casinos being installed over time, with the first casino scheduled for installation on April 6, 1999.

Atlantic's President and CEO, Richard Iamunno, stated that, "We are pleased to announce that the Dominica based CTW, Ltd. has decided to license our gaming and wagering products. The CTW, Ltd. casino, PairofDice Casino, will cater to both the traditional and interactive gaming & wagering players.

Atlantic International Entertainment, Ltd. develops and markets Internet and private network transaction based products, including global turn-key Internet Casino Extension, for licensed casinos; webSports, an Internet sports wagering system; Lottery Systems for private, government and fund raising purposes; and Bingo for charity and private organization use. Internet-related products and services, including sales of handheld wireless computers and e-Commerce, are provided by Atlantic Internet.

This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 26, 1998 and form 10Q filed November 16,1998.

For Investor Relations please contact:

Ira W. Miller or Larry Fortune

I.W. Miller Group, Inc.

(949) 833-9001

SOURCE Atlantic International Entertainment, Ltd.

/CONTACT: Richard Iamunno, President & CEO, Atlantic International
Entertainment, Ltd., 561-393-6685, or fax, 561-393-1485; or Investor
Relations, Ira W. Miller or Larry Fortune, both of I.W. Miller Group, Inc.,
949-833-9001/

/Web site: aieltd.com

(AIEE)




To: Daniel Miller who wrote (5915)3/23/1999 10:46:00 AM
From: Retired41  Read Replies (3) | Respond to of 9115
 
Daniel, you just don't understand.

Running a successful business, ESPECIALLY one like what ABFG purports to be, requires knowing where you are at all times. In a business that means always knowing your financial position. Not doing so is why most businesses fail. The CEO is quite familiar with failure which should scare you.

If they can't post an audited financial immediately they are simply either avoiding posting bad news, or incompetent as they don't have one and apparently don't care. Would you want to go to a basketball game where they didn't keep an official score... just letting the players and fans keep it in their head? I think not.

Follow me on this one? It is a VERY bad sign that they don't have a statement to post. Reporting to SEC is a totally different story.

Remember an AUDIT quality statement with full notes is what is needed. Without one they could not even borrow significant money... of course that might be why they have issued stock.

Good luck with this pick, as bottom line, that is what you are counting on.