Chief Financial Officer with Extensive PricewaterhouseCoopers Experience Appointed by 'GGNC'; GGNC Engaging PricewaterhouseCoopers Accountants to be the Company's Auditor.

HONG KONG--(ENTERTAINMENT WIRE)--Feb. 22, 1999--GIC Global(OTC Bulletin Board:GGNC) PricewaterhouseCoopers accountants (in the Carribean) appointed to conduct due diligence on the existing and profitable Sports Book Acquisition by GGNC

GIC Global Intertainment Corporation - www.cyberbetz.com ("GGNC" on the O.T.C. Bulletin Board (located and licensed in the Commonwealth of Dominica)), has announced the appointment of Serena La, C.P.A. to the position of Chief Financial Officer. As the Company's C.F.O. working out of its Hong Kong Head Office, Ms. La brings ten years experience as a certified practising accountant, including five years as a Senior Auditor with leading international chartered accountancy firm PricewaterhouseCoopers.

James Chu, President and CEO of GGNC stated: "We are very pleased that someone of Ms. La's background is joining the Company at this time as an Officer in the capacity of C.F.O. to take responsibility for such an important corporate function." "This is especially so given that our Company is looking ahead to substantial, continuing wagering revenue growth, is poised to add - through acquisition - to our gaming offerings on the Internet, and continues its drive to sustain a position as a dominant Internet-related gaming organization," he said.

GGNC is currently engaging PricewaterhouseCoopers accountants (both in the Carribean and in Hong Kong) to be the Company's Auditor for the Company's operations both in the Carribean and in Asia. PricewaterhouseCoopers is currently the leading and the largest chartered accountant firm in the world with offices in every major city in the world.

As evidence of his recent efforts to acquire new gaming offerings for players on GGNC's www.cyberbetz.com site, its President also revealed that, subject to the completion of due diligence by the auditing firm PricewaterhouseCoopers, (in the Carribean), the Company will acquire 100 percent of an existing and profitable, privately-owned Sports Book wagering site. "We hope to announce the completion of the purchase during the month of March 1999, depending upon receipt of an extensive evaluation now underway by the Carribean office of PricewaterhouseCoopers," said Mr. Chu.

GGNC's competitors within the Internet gaming market include Cryptologic Inc. (TSE:CRY - news), Starnet Communications International Inc. (OTC BB:SNMM - news), GLC Limited (NASDAQ:GLCCF - news), Atlantic International Entertainment Ltd. (OTC BB:AIEE - news), Cybergames Inc. (OTC BB:CYGA - news), IGN Internet Global Network Inc. (VSE:IGN - news) (OTC BB:IGINIF - news) and Global Games Corp. (OTC BB:GLOW - news).

GIC Global Intertainment Corporation is a high technology Internet Gaming Company that searches for proven technologies, which are directly linked to the Internet. The Company intends to seek market dominance by way of mergers and acquisitions of Internet-related gaming companies and technologies that are already positioned in the marketplace.

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor provisions of these sections. Actual results may differ materially from the expectations and estimates of GIC Global Intertainment Corporation.