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Ranes International Holdings Inc. Announces Intent to Merge with WorldNet Gaming Inc. to Form the Most Player-Friendly Casino Company on the Internet Jump to first matched term SCOTTSDALE, Ariz., Jan. 28 /PRNewswire/ -- Today, Ranes International Holdings Inc. (OTC Bulletin Board: RIHI) signed a letter of intent with Toronto, Canada-based WorldNet Gaming Inc. to form a new publicly traded company -- WorldNet Gaming Inc., headquartered in Costa Rica. WorldNet Gaming, with gross betting of $7M per month and growing, is an Internet gaming veteran with 11 fully developed Internet Casinos, provider of the first Internet Sports Book (www.cyberbookie.com) and developer of world- class Casino software that is used by other Internet Casino Gaming Partners worldwide. "Internet gaming at $50B per year is the fastest growing segment of commerce on the Internet, and WorldNet Gaming has been a major part of the industry's growth," said a spokesman for WorldNet Gaming. He continued, "We have focused on the Internet-based Casino business for over three years and invested over $4M in software development alone. Coincidental with our upcoming merger, we will be releasing an entire new set of Casino software that will dazzle our clients." The Casinos of WorldNet Gaming offer nine JAVA-based Casino games with unmatched speed, graphics and audio, as well as the safety and security of international credit card capability with both MasterCard(TM) and VISA(TM). Complementing the Company's direct Casino business is a worldwide Internet Business Partner program that allows Internet entrepreneurs to establish their own "turn-key" Casinos using both software, communications support and offshore bank processing from WorldNet Gaming. These strategic partnerships provide WorldNet Gaming with both initial license revenues as well as long- term profit sharing annuities. WorldNet Gaming, 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 WorldNet Gaming or this press release, please visit their web site, www.worldnetgaming.com or e-mail Andy Ruppanner, VP of Marketing and Communications at andy@worldnetgaming.com or 1-800-548-0010. Certain statements herein that are not historical are forward-looking statements involving risks 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 Securities and Exchange Commission including, but not limited to, its most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. SOURCE WorldNet Gaming Inc. /CONTACT: Andy Ruppanner, VP of Marketing and Communications, WorldNet Gaming, 800-548-0010, or e-mail, andy@worldnetgaming.com/ /Web site: worldnetgaming.com | ||||||||||||||
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