Atlantic International Entertainment, Ltd's - AIEE - Announces New License of webSports, It's Turnkey Internet Sports Wagering System.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Florida--(BUSINESS WIRE)--December 2, 1998-- Atlantic Provides Another Turnkey Internet Sports Wagering System in Antigua Atlantic International Entertainment, Ltd., AIE AIE Adventures in Education AIE Associazione Italiana Editori (Italy) AIE Arts in Education AIE Associazione Italiana di Epidemiologia AIE Applied Information Economics AIE Australian Institute of Energy (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB:AIEE AIEE American Institute of Electrical Engineers (now IEEE) AIEE Aeronautical Imagery Exploitation Environment ) today announced that it has entered in to a license agreement for its webSports(TM) Internet wagering system with Carib Design, an Antigua based sports wagering company. The terms of the license call for approximately $200,000 in revenues over the initial 24 months of the contract. Atlantic President and Chief Executive Officer, Richard A. Iamunno, stated, "Carib Design represents another of the growing sports wagering companies committed to expanding their player base via the Internet as well as cutting operating costs operating costs npl → gastos mpl operacionales by migrating players from telephone wagering. We believe that this is part of the continuing growth of Internet-E commerce activity." Iamunno concluded, "Carib Design is an ideal client for Atlantic, because they are dedicated to bringing their players the best in Internet based sports wagering." AIE develops and markets Internet and private network transaction based products including global turnkey Internet Casino Extension, (ICE) for licensed casinos; webSports, Internet sports wagering system; Hotel Hotlinks, in-room gaming and entertainment system; realSports, an on-line sports information service and Internet-related products and services (Atlantic Internet). This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain of such risks and uncertainties, we refer you to the documents that the Company files from time to time with the Securities and Exchange Commission including 10K filed May 26, 1998 with the Securities and Exchange Commission and form 10Q filed November 16,1998. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Website at www.kcsa.com. |
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