Betracer.com And World Gaming Launch Internet's First Pari-Mutuel Motor Sport Site In Time For Daytona 500.Business Editors LONDON--(BUSINESS WIRE)--Feb. 11, 2002 World Gaming plc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: WGMGY), a global pioneer in I-gaming technologies, and Betracer.com based in Antigua and Barbuda Antigua and Barbuda (ăntē`gə, –gwə, bärbu`də), independent Commonwealth nation (2005 est. pop. 68,700), 171 sq mi (442 sq km), West Indies, in the Leeward Islands. , announced the launch of the Internet's first motorsport pari-mutuel wagering site and service in time for the 44th Annual Daytona 500 on February 17, 2002. Betracer.com (www.betracer.com) offers visitors real-time pari-mutuel betting on major motorsport events, including all NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. , Formula One, IRL 1. (jargon, chat) IRL - In real life. Generally synonymous with f2f. 2. (language, robotics) IRL - Industrial Robot Language. and CART races. Betracer.com will also provide players with the ability to track past performances of their favorite drivers and complete circuit statistics. "After two years of intense development, Betracer.com is an entirely original entertainment service that promises to attract motor racing motor racing n (BRIT) → carreras fpl de coches; automovilismo motor racing motor n (Brit) → course f automobile fans from around the world," said Mike Aymong, 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 World Gaming. "Betracer.com demonstrates our continued commitment to developing content that will attract increased numbers of players onto the World Gaming platform." With the largest purse in the race's history, in excess of $US 12 million, the Daytona 500 attracts more than 200 million fans worldwide and is considered the premier motorsport racing event of the NASCAR season. "NASCAR popularity has exploded into what members of the popular press are calling a cultural phenomenon," said Rodney Davis, interim chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and chief financial officer, World Gaming. "The addition of this world-class content on our platform falls immediately on the heels of the American football season, which is our strongest revenue period. The worldwide interest in NASCAR, Formula One, IRL and CART races most certainly has the potential to attract similar interest from fans and extend our peek revenue period." In addition to launching the service through www.betracer.com, Betracer.com is also pursuing agreements that will see their pari-mutuel wagering service available at leading land-based casinos. About Betracer.com Betracer.com is wholly owned by Betracer Network, Inc. a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , licensed in regulated Antigua. The company is committed to offering entertaining and informative products and services that appeal to motor sport fans across the globe. Betracer.com is the Internet's first motor sport pari-mutuel wagering site and service. About World Gaming plc World Gaming plc is a pioneer and leader in I-gaming software and e-commerce technologies. World Gaming is an international developer, licensor and provider of the industry's most comprehensive offering of online gaming products, including casino, sportsbook and pari-mutuel betting. World Gaming currently powers more than 750 Web sites with over 250,000 active accounts worldwide. For more information about World Gaming, visit the company's Web site at www.worldgaming.com 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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing, evaluation and deployment of products, fraud occasioned upon licensees of World Gaming, regulation of the online gaming industry, and other risks detailed from time to time in World Gaming's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities. |
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