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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?


To: Francois Goelo who wrote (614)4/13/1999 1:47:00 PM
From: Fact4  Read Replies (1) | Respond to of 5041
 
VTEH NEWS
VentureTech, Inc. and Asian Star Development, Inc. Sign Pact for Strategic Alliance in Asia

KOWLOON, Hong Kong--(BUSINESS WIRE)--April 13, 1999--VentureTech, Inc. (OTC BB:VTEH), and Asian Star Development, Inc. (OTC BB:ASTV), are pleased to announce that pursuant to a prior letter of intent between the parties (see news release dated March 1, 1999), the companies have executed a formal agreement finalizing the terms of its strategic alliance to provide Internet-related gambling services in Asia.

Both companies will be carrying out its responsibilities and obligations under the agreement through wholly owned subsidiaries established specifically for this purpose. The companies anticipate launching gaming operations for real money by the end of second quarter 1999.

EuroAsian E-Casinos, VentureTech's wholly owned subsidiary, will provide the necessary licensing, technical and operational requirements to launch, operate and maintain a primary interactive web site -- www.asiacasino.com -- for this purpose. The company recently signed a technology licensing agreement with Softec Systems Caribbean Inc., a wholly owned subsidiary of Starnet Communications International Inc. (OTC BB:SNMM), to provide gaming technology customized to an Asian theme.

Asian Star will utilize its presence and reputation in Hong Kong, Asia, and Mainland China to assist in the exposure and marketing of the interactive gaming web site. Asian Star and VentureTech will then share in the net revenues of the operation under a specified revenue sharing formula.

The initial location of the web site's servers are expected to be located and operated outside of Asia under license with an existing authorizing jurisdiction. The parties anticipate developing further interactive gambling and other e-commerce web sites as deemed viable.

Art Rosenberg, COO of VentureTech stated, "The Asian gambling market is thought to be one of the most lucrative in the world for conventional gaming ventures. Internet-based gambling has yet to even breach the surface of the prospective demand for at-home wagering in that part of the world.

"The immediate credibility and understanding of the local culture brought to this venture by Asian Star and its majority shareholder, New World Development Co. Ltd., will go a long way toward assuring our Asian players that they are gambling in a legitimate, enjoyable and honorable casino environment. We look forward to a long and lucrative working relationship with Stephen Chow and Asian Star."

Stephen Chow, president of Asian Star commented, "This is but the first step on a long road toward establishing our companies as a major presence in the online-commerce community of Asia. The individual strengths of our two companies are ideally suited to such an association. We eagerly await the launch of what we hope will be the first of many such e-commerce ventures together."

Stephen Chow further noted that: "The recent resurgence of the Asian economy gives us further confidence that the growing medium of the Internet will be accepted as a natural way of conducting both business and pleasure activities in Asia."

To receive further corporate information: Investor Relations: Toll-Free 800/488-7151 or visit www.vteh.com and www.asianstardev.com.

Hong Kong: Contact Stephen Chow, president, Asian Star Development: 011-852-2721-0936. Corporate & Joint Venture Information: Contact Art Rosenberg, VentureTech: 703/471-5623.

The above statements in regard to VentureTech, Inc. and Asian Star Development, Inc. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including VentureTech, Inc. and Asian Star Development, Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes.

CONTACT:

M&A West, Inc.

Investor Relations

Jack Rosenberg, 650/588-2678

Info@mawest.com



To: Francois Goelo who wrote (614)4/13/1999 3:00:00 PM
From: Bram12345  Read Replies (1) | Respond to of 5041
 
Saw NSKY on another board. It has some potential.

Posted by Ken on April 13, 1999 at 13:11:09:

Here is the latest StockAlert's pick that was sent out late yesterday to subcribers:

NSKY - NSKY (ENTERTAINMENT CO.)

This stock is what you call a classic "rolling stock". It always moves up in price about a week prior
to upcoming news, it actually gets stronger and stronger leading up to news. Then it drops in price
afterward. The projected announcement on a news release by NSKY is expected by next week.
Upward movement has already begun, not too many are aware of it yet.

The event for NSKY will be the Seattle International Film Festival to be held in May. NSKY has
submitted its "Freaks Talk About Sex" movie to the festival, and the ceo is very confident of this film
being accepted. A Seattle invitation would do wonders for Freak because it is one of the largest, if
not the largest public film festival in the U.S. This festival allows potential distributors to see how an
audience reacts to a movie before finalizing a deal. From early indications, "Freaks Talk About Sex"
has been very well received in its limited showings. Many believe that the Seattle International
Film Festival will be the event that puts NSKY on the map. Expectations are that a distribution deal
will result from the exposure "Freaks Talk About Sex" receives at the festival.

The company has also recently acquired a 40% interest in The Movie Place. The ceo's of both
companies are putting together some business deals that will make The Movie Place the place to
go for movie/theater information. The development of this site will further give nice exposure to
NSKY.

Please do your DD before you decide if NSKY is for you.

Ken

Here are some links to get you started in your DD:
seattlefilm.com
movieplace.com

Latest PR Links:
dljdirect.com

Some information on some of the actors involved with "Freaks Talk About Sex":
geocities.com
the-trades.com
godzilla.com
nbc.com
cat.nyu.edu

Discussion boards:
207.82.252.253

ragingbull.com

Disclaimer:

This newsletter is for those of you who want a stock that will have
some news or event happening between one day to two weeks. The old
adage holds true for 99% of BB and most NASDAQ stocks: BUY ON
RUMOR,SELL ON NEWS. The newsletter will select a stock it believes has
the potential to move on rumored news/events. Stock selections will be
for the avid investor who is willing to do some DD.

StockAlert cannot be held accountable for those who don't care to take
the time to investigate the selections. All BB stocks have risk associated with them, with the
potential to make many times your return with little cash. StockAlert will select the companies that
have upcoming news, have turned the corner on past problems, and other events/rumors in the
near horizon.

The best way to make money with StockAlert is to only invest a small portion of your portfolio for
one stock pick. No one cannot predict what a stock will do on upcoming news. StockAlert will bring
you the best available at the time of the pick. One that is most likely to move up in a very short time.
You will find many of our picks are followed by many familiar names on Silicon Investor; these
people are ones who have a record for finding good potential stocks without the hype.

If high risk/high potential return with low investment is not for you, please put your money in blue
chip or money markets. Your funds will be much safer there.

To subscribe to newsletter, send email to:

stockalert@netscape.net