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Total Entertainment, Inc. Soars Into 1999 RED BANK, N.J. & MONTREAL--(BUSINESS WIRE)--Dec. 17, 1998-- Intercapital Canada Ltee, a subsidiary of Total Entertainment Inc. (OTC BB:TTLN - news), reported that THEONLINECASINO.COM, month of November gross profit was $82,840.00, an increase of 11% over October for Casino Operations and Sportsbook. THEONLINECASINO.COM increased its account base again by over 85% in November and anticipates this growth trend to continue. Total Entertainment, Inc. will announce first quarter operational results in January 1999 along with the appointment Deloitte and Touche as the company's accounting firm that will support our international growth. As of December 1st, THEONLINECASINO.COM has expanded its Casino by adding 16 additional slot machines ranging from five cents to two dollar slots. Based on preliminary results, the December forecast of a gross profit of $75,000 will exceed expectations to well above $100,000.00. The momentum of Casino traffic and increase in account base activity should carry over into January 1999. THEONLINECASINO.COM has seen its Sportsbook experience substantial growth over the past 30 days and feels that with its growing account base and College Bowl season vastly approaching as well as the NFL playoffs and the Super Bowl, revenues and earnings should continue to exceed expectations. THEONLINECASINO.COM feels that with the continuation of its extensive Internet advertising campaign and its superior customer service, the client base should more than double in the first quarter of 1999. The company also has reached a tentative agreement to add an additional licensee in 1999, along with Chinese and Japanese language versions and additional Casino style games. Total Entertainment, Inc. goal is to become a leader in the Internet gaming industry in 1999. Total Entertainment Inc., through its wholly subsidiary Online Software Inc., licenses software for Internet gaming. Intercapital Canada Ltee is an Internet-based commercial service business providing secure automated transaction processing and proprietary software for Internet clients. Total Entertainment Inc., provides entertainment management, marketing and consulting services. The Internet Casino and Sportsbook can be found online at WWW.THEONLINECASINO.COM/ ''This press release contains forward-looking statements which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995.'' -------------------------------------------------------------------------------- Contact: Total Entertainment Sandy J. Masselli, Jr. Phone: 1-732-345-1166 or Intercapital Canada, Ltee Alex Kennedy Phone: 1-888-860-4110 -------------------------------------------------------------------------------- More Quotes and News: Total Entertainment (OTC BB:TTLN - news) GGNC Announces Grand Opening of Chinese Version Of Cyberbetz Online Casino and Sports Book Friday, December 18th, 1998 at 8:08 p.m. Pacific Standard Time LAS VEGAS, Dec. 16 /PRNewswire/ -- GIC Global Intertainment Corporation, (OTC Bulletin Board: GGNC - news) a high technology Internet, entertainment and marketing company that markets an on-line sports book and casino at www.cyberbetz.com, announced the grand opening of its Chinese version of the Cyberbetz on-line sports book and casino has been set for December 18th, 1998 at 8:08 p.m. James Chu, president and CEO stated, ''Our Company will commence an aggressive marketing campaign throughout Asia starting December 28th 1998. We have already set up an infrastructure of Cyberbetz representatives in Beijing, Shanghai, Guanghou, Hong Kong, Taiwan, Korea, Japan and Australia to help increase the awareness and client base of the Cyberbetz Sports Book and casino. We will be setting up a number of elite gambling clubs throughout Asia. These clubs will target 'high roller gamblers' in the Asian market. Each representative feels that a target of 500 members per city is very achievable. This will help to spread the word about Cyberbetz on more of an international scale and will also create added value for our existing and future shareholder base.'' The population in Asia, including China, has now surpassed 3.6 billion. By the year 2010, the Asian population is expected to surpass 4.23 billion. With the explosive growth of the Internet, in conjunction with international business, the largest growth area coming on-line between 2000 and 2002 is expected to come from the Asian market. GGNC will be positioned for this exponential growth. For further information and a detailed company profile see Wall Street Research Group's listing at wallstreetresearch.net or call 1-800-943-2298. The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from GIC's expectations. SOURCE: GIC Global Intertainment Corporation -------------------------------------------------------------------------------- More Quotes and News: GIC GLOBAL (OTC BB:GGNC - news) | ||||||||||||
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