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Non-Tech : GNI Petroleum - GNT.V - www.casinouniverse.com -- Ignore unavailable to you. Want to Upgrade?

To: Nathan Hansen who wrote (7)	4/22/1999 9:39:00 PM
From: Ron Schier	Respond to of 38

Maybe this is what everyone has been waiting for ? Might be why all the blocks traded today. GNI Petroleum property agreement GNI Petroleum Inc GNT Shares issued 4,700,275 Apr 21 close $0.56 Thu 22 Apr 99 Property Agreement The Vancouver Stock Exchange has accepted for filing two loan agreements dated Feb. 12, 1999, and March 31, 1999, between the company and Universe Holdings Incorporated (Glen Tellier, Michael Hans Rafeisen and Trevor Verveke) whereby the company has loaned to Universe a total of $139,000. The loans are demand loans with interest of 12 per cent a year. In connection with the loans, shareholders of Universe have granted an option to the company to acquire all of the shares of Universe for $10.00 exercisable up to Dec. 31, 2000. Older news release : Date: 3/31/1999 2:25:24 PM Dateline: VANCOUVER, BC Stock Symbol: GNT Wire: ISDN Further to its March 24, 1999 press release, the Company wishes to announce that it has received the consultant's due diligence review on Universe Holdings Inc. ("Universe") and the Internet gaming industry. The Company also wishes to announce that it has loaned Universe an additional $50,000.00 with the same terms as the previous loan, secured by a Demand Promissory Note with interest payable at 12% per annum bringing the total funds advanced to Universe by way of a loan to $139,000.00. The funds will be used to continue the development of Universe's gaming site at casinouniverse.com and for a significant advertising campaign announcing the official launch of its second Internet gaming site at compucasino.com. The Compucasino site will target a higher end user and the Company will implement an intensive "comp" program for its VIP players. Frequent players will be able to win free airline tickets, holidays and tickets to international sporting events. Universe has a license agreement with Starnet Communications (OTC BB:SNMM) licensee Global Interactive Ltd. to operate two Internet casinos and sportsbook sites located at casinouniverse.com and compucasino.com. According to market analyst Datamonitor, online gaming revenues are forecast at US$955,000,000.00 in 1999 and over $2 Billion in the year 2000. Universe is attempting to capture a share of this market and build several more Internet casino sites. The Company will review the consultant's report and decide on whether it will exercise its option to purchase shares in Universe to acquire 100% of Universe. This Press Release was prepared on behalf of the Board of Directors which accepts full responsibility for its contents. ON BEHALF OF THE BOARD