CasinoLive.com Corp. Expands Its Game Development Capabilities Through the Acquisition of Starbelly Productions Inc.SALAMANCA, N.Y.--(BUSINESS WIRE)--July 13, 1999-- CasinoLive.com Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:YBET) announced today that it has acquired 100% of Starbelly Productions, Inc. CasinoLive is an Internet gaming and entertainment company created to pursue worldwide opportunities in the gaming industry. Starbelly is a software company that develops highly successful games for Internet casinos. "The addition of Starbelly to CasinoLive gives us the ability to be first to market with a new generation of gaming software and ensures that CasinoLive will achieve a dominant position in the Internet gaming industry worldwide. With the software developmental abilities provided by Starbelly, and our recent acquisition of Cyberspace Coined by William Gibson in his 1984 novel "Neuromancer," it is a futuristic computer network that people use by plugging their minds into it! The term now refers to the Internet or to the online or digital world in general. See Internet and virtual reality. Contrast with meatspace. Casino Technology Ltd., we believe CasinoLive.com will play a dominant role in Internet gaming as it matures into a $100 billion industry," said Chairman and 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. , Ross John, Sr. In 1997, Starbelly developed one of the first Java-based downloadable set of casino games Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are available in online casinos, where permitted by law. that has grown into one of the most successful games in the online casino Online casinos, also known as virtual casinos or internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. market. Over 80 casinos use Starbelly's technology, including some of the oldest and highest-rated gaming sites. The Starbelly development team brings a long list of accomplishments to CasinoLive. In addition to its gaming achievements, Starbelly has worked on software development projects for such prestigious clients as Price Waterhouse Coopers and Penton Publishing. The company's software is in use every day by hundreds of senior-level executives at such Fortune 500 firms as Boeing, Caterpillar, Motorola, Bell Tech, and many others. In October 1999, Starbelly will release Version 2, the completely new and revolutionary Multiplayer Casino that is eagerly awaited by casino operators and players alike. Version 2 will allow visitors to play any of 16 casino games, plus multiple types of slots and bingo. A partial list of Starbelly's accomplishments in software development since 1997 includes: - OPEL(tm) - a Java library that decreases development time by 30%, increases game performance by 10,000%, and eliminates database dependence; - Form Servlet A Java application that runs in a Web server or application server and provides server-side processing such as accessing a database and e-commerce transactions. Widely used for Web processing, servlets are designed to handle HTTP requests (get, post, etc. - a Java library that allows up to 90% savings in development time of casino game interfaces; - Pagelets - tools that provide the highest level of customizing flexibility for casino operators; - DYNACOM(tm) - incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. software distribution technology, transparent to players, that both simplifies and decreases download and upgrade times; and - SAB(tm) - a new Java library that provides the encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. necessary to protect CasinoLive's intellectual property investment in casino gaming technology. "Starbelly is committed to continued development of world-class software for the Internet casino industry, and we are proud to welcome them into our company," said CasinoLive.com Chairman and CEO, Ross John, Sr. "No other Internet gaming and entertainment company can match our software development resources." CasinoLive.com Corp. Ian D. Lambert, Director For further information, contact: CasinoLive.com Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. : Toll Free: North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. 1-888-350-YBET Toll Free International: 1-888-829-YBET. E-mail: casinolive@netsync.com or visit www.casinolive.com. CERTAIN STATEMENTS INCLUDED IN THIS COMMUNICATION (AS WELL AS INFORMATION REVEALED IN ORAL STATEMENTS OR OTHER WRITTEN STATEMENTS MADE OR TO BE MADE BY CASINOLIVE.COM CORP.) CONTAINS STATEMENTS THAT ARE FORWARD LOOKING, SUCH AS STATEMENTS RELATING TO relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc THE FUTURE ANTICIPATED DIRECTION OF THE INTERNET AND GAMING INDUSTRIES, PLANS FOR FUTURE EXPANSION, VARIOUS BUSINESS DEVELOPMENT ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE FUNDING RESOURCES, ANTICIPATED SALES GROWTH, POTENTIAL CONTRACTS AND REGULATORY INTERVENTION. THESE FORWARD LOOKING STATEMENTS ARE SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL OPERATIONS OR RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED. |
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