Atlantic International Entertainment, Ltd --AIEE-- Sees Growing Market for Wireless Hand Held Computers.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. , Fla.--(BUSINESS WIRE)--Dec. 15, 1998-- Anticipates $7 Million in Sales in First Year 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 ) announced today that the market for wireless hand-held computers would grow significantly through 1999. The Company recently announced that its wholly-owned subsidiary, Atlantic Internet, signed a distribution agreement with South Africa's Accord Technologies (JSE JSE See: Johannesburg Stock Exchange : ACR See riser card. ) to distribute the Accord P-30 wireless hand-held computer to Internet suppliers in North America and to the gaming and wagering industry, worldwide. Richard Iamunno, Atlantic's President and Chief Executive Officer, said, "The hand-held computer will give complete accessability to the Internet from any location, and will cost under $1,000. It is an especially unique product for people interested in interacting with the gaming and wagering industry." The Accord P-30, which will be introduced in the second quarter of 1999 is designed to operate on multifaceted systems such as Microsoft, CE, Java, Windows 95 as well as Microsoft NT. The product will be available in full color or black and white models. Mr. Iamunno added, "The people who wager do not own a desktop PC. The hand-held allows for an inexpensive transaction-based unit that gets away from the traditional desktop PC. We estimate that sales to the gaming industry alone could exceed 10,000 units, or $7 million, in the first year." AIE develops and markets Internet and private network transaction based products including global turnkey Internet Casino Extension, (ICE) for licensed casinos; web Sports, 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 ,including hand held wireless computers for all forms of E- Commerce, including Internet gaming. (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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