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To: Brennan Wilkie who wrote (11211)	5/5/1999 1:14:00 PM
From: Rampant	Read Replies (2) \| Respond to of 62348

Tki NR- Sorry to post on thread but link is secure link.No Si thread Contiki Resources: Acquisition of Internet Soccer Gambling Business BusinessWire, Wednesday, May 05, 1999 at 12:58 VANCOUVER, British Columbia--(BUSINESS WIRE)--May 5, 1999-- Contiki Resources Ltd. (VSE:TKI) is pleased to announce that it intends to enter the Internet soccer gambling business through the acquisition of GoldenGoals.com. Betting on soccer games is a very large business in the UK, estimated at over 500 million ($1.2 billion) annually. GoldenGoals.com will offer an easy, low cost, fun way to win big prizes by predicting English Premier League Soccer scores. The guaranteed top prize of 1 million ($2.4 million) is expected to attract many players. Other prizes will be paid as a portion of the pool of stakes collected. GoldenGoals.com operations will be based in the UK and designed to attract English Premier League soccer fans worldwide. The business will be fully licensed and regulated by the British Government. Contiki has entered into an agreement with Alternative Card Company Ltd. ("Alternative") and its shareholders to acquire all of the issued and outstanding voting shares of Alternative from the existing shareholders. Alternative is a UK company that owns the GoldenGoals.com business and holds a license from the British Government to conduct online Internet gaming based on sporting events. Contiki will pay the following to acquire the Alternative shares: 1. 3,750,000 common shares of Contiki to be held in escrow and earned out on the basis of one share for every $0.25 of net cash flow generated by the Internet gaming website; and 2. A royalty of 7 percent of gross revenues earned by the Internet gaming website, less all general and administrative expenses. The acquisition is subject to a number of conditions precedent, including satisfactory due diligence, VSE approval and Contiki raising sufficient capital for past and future development and operational expenses. A finders fee will be paid, with respect to the transaction, within the VSE guidelines.