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Non-Tech : RIHI - Merger with Internet Gambling Co, - Worldnet Gaming -- Ignore unavailable to you. Want to Upgrade?

To: Whisperer! who wrote (212)	4/8/1999 9:25:00 AM
From: James E Lynch	Read Replies (2) \| Respond to of 363

(BSNS WIRE) Ranes/WorldNet Casinos Announces First Contract Under Its Ne Ranes/WorldNet Casinos Announces First Contract Under Its New Enhanced "Casino Partner" Program Business Editors LAS VEGAS--(BUSINESS WIRE)--April 7, 1999-- WorldNet Casinos, with it's "FREE" Sportsbook, Now Has the Most Lucrative Internet Entrepreneur Program In the Industry Ranes International Holdings Inc. (OTC BB: RIHI), merging with WorldNet Casinos.com unveils the industry's most lucrative and value laden "Casino Partners" program. WorldNet Casinos' new program is the linchpin to WorldNet Casinos competitive market strategy. For only $150,000, WorldNet Casinos Partners, receive a turn-key Casino license from WorldNet Casinos that includes a fully operating Internet casino, with award winning gaming software that "Players Love to Play", and 70% of the operating profits. Free Sportsbook - Unique in the Industry In addition, because of WorldNet Casinos' exclusive contract with SBG Global, one of the largest, and the most reputable, offshore sports betting operations in the world, Casino Partners will receive free, our famous CyberBookie(TM), "The First and Biggest Sports Book on the World Wide Web". SBG will handle all Internet (no phones) sportsbook transactions through CyberBookie(TM), allowing WorldNet Casinos' Partners to offer their customers the unique ability to wager on any sports event in the world. Without any additional investment, and at no risk, WorldNet Casinos Partners will receive 15% of the "Net Win". "Becoming a Casino Partner with WorldNet Casinos includes the benefits of joining a veteran team. We started developing gaming software in 1Q96, and since that time we have never stopped, we are constantly developing and improving our games. However we found out quickly that developing the actual games was only a small part of Internet gaming", said Kelly Arruda, president of WorldNet Casinos." Arruda continued, "WorldNet Casinos provides its Casino Partners a complete turnkey program, that can be up and running in just a few days. "If you combine the speed and strength of our infrastructure, the safety and security of our operations, the audio and visual excitement of our Casino software with 'round the clock technical support, you'll know why WorldNet Casinos' Partners Program is the choice of Internet entrepreneurs. "We plan to sell 12 new casinos this quarter. We will also open 250 sports sites to generate traffic to those sites. We forecast a monthly growth rate of three new casinos per month for a year end number of approximately 36." New Casino Partner Announced WorldNet Casinos announces the contracting of Casino Pirata to Simulator Systems (OTC BB: SIMMD). Simulator Systems, the first Casino Partner signed under WorldNet Casinos new Casino Partners program, plans to market Casino Pirata globally. Operating out of Cost Rica in May, Casino Pirata will be available at www.casinopirata.com offering all traditional casino games and our enhanced Sportsbook feature, operated by our strategic partner, SBG Global. SBG Global, is one of the largest offshore sports betting operations in the world. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. Representative participants in the Internet gaming industry are YouBet.com (OTC BB: UBET), Bingo.com (OTC BB: BIGG), GLC Limited (NASDAQ: GLXW), StarNet (OTC BB: SNMM) and Global Intertainment Corporation ( OTC BB: GGNC). WorldNet Casinos.com, a 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 about our products or company, please visit our web site www.worldnetcasinos.com, e-mail press@worldnetcasinos.com or call the Investor Relations Department toll free at 877/899-9950. Note to Editors: 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. --30--aec/ix* CONTACT: Ranes International Holdings Inc. Andy Ruppanner, 561/367-7432 KEYWORD: ARIZONA INDUSTRY KEYWORD: ENTERTAINMENT PRODUCT 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 *