A B.O.O.S.T For PlayStar.Business Editors ST. JOHNS, Antigua--(BUSINESS WIRE)--Dec. 24, 1999 PlayStar Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :PSCKF) PlayStar Wyoming Holding Corp. (PSCKF) NASDQ OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB. PlayStar announces the unleashing of B.O.O.S.T, its new casino 'Back Office, Operating Systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. Technologies' package, an evolution and refinement of its proprietary on line casino system. Intensive development has resulted in a fully integrated and scaleable casino system, which dramatically reduces labour and associated overhead costs overhead costs see fixed costs. related to casino operation and provides a turnkey casino solution. In tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with PlayStars' proprietary Bank Engine e commerce processing software, the company is now uniquely positioned to provide a one-stop solution for casino operators on a worldwide basis. Stuart Brazier, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PlayStar announces the appointment of Glynn Grummett, as the new President and Director of Operations of PlayStar Casino Limited, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PlayStar, and the base of PlayStars' casino operations. "We are fortunate to have Glynn on board as President of our casino division. His past experience in management of PlayStars' own casino, familiarity with the Internet gaming community A gaming community is usually a group of like minded individuals working towards a goal (such as promoting fair play and team work) or supporting each other within games (usually online video games such as MMORPG's or FPS's) RTS(real time strategy) games are developing larger , and knowledge of the industry in Antigua and the Caribbean make him a valuable addition to our management team. Glynn's mandate is to aggressively market B.O.O.S.T. to licensees wishing to operate on line casinos." "As we begin the next century" said Mr. Grummett, "PlayStar intends to be a market leader in the provision of gaming software, full back office management support and on line processing for casino and sports book operators. As former operators of an on line casino, we have learned precisely what is needed for an efficient and successful casino, and that is what B.O.O.S.T. delivers. We will earn revenue from license fees, ongoing back office support and transaction processing fees. Negotiations are currently underway with our first prospective licensees, and there have been expressions of interest from parties in Florida, Canada, Russia and the Caribbean." PlayStar has restructured to pursue two core business opportunities, e commerce transaction processing utilizing the Bank Engine suite of software, and the sale of turnkey on line casino systems using B.O.O.S.T. To accommodate expanded operations, PlayStar has moved its corporate offices to the Mutual Financial Centre, Antigua's newest corporate centre, which also houses the office of Antigua & Barbuda's Director of Gaming. Announcements related to the e commerce division will be forthcoming shortly. "Follow a rising star in the new millennium, PlayStar" (c) The statements in this press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Actual results may differ materially from PlayStars' expectations. |
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