Double Eagle - "TV Bingo/Lottery" Sales Figures.VANCOUVER, BC--(BUSINESS WIRE)--June 20, 1995--Double Eagle Entertainment Corp. (VSE See DOS/VSE. VSE - Virtual Storage Extended : DBE DBE abbr. Dame Commander of the British Empire DBE Dame (Commander of the Order) of the British Empire OTC BULLETIN BOARD OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : DEECF) (Double Eagle) and Mr. Louis Dion, President, are pleased to announce recent sales figures for their "TV Bingo/Lottery" game which is played in the Czech Republic. Total ticket sales for the weekly games held between May 25, 1995 and June 15, 1995 totalled 4,881,084. Each ticket has a face value of 20Kc (Czech currency), and at present conversion rates has an equivalent value of $1.08 (Cdn) per ticket. Total ticket sales in Canadian funds for this four week period was $5,276,847 (Cdn). Double Eagle collects a management fee of 10 per cent of gross ticket sales and distributes that fee as follows: Double Eagle Entertainment 40 per cent, Dion Entertainment 40 per cent, and Delta Climatizer (Czech consultant) 20 per cent. Total management fees for the period of May 25, 1995 to June 15, 1995 are $527,685(Cdn), of which $211,074(Cdn) is distributable to Double Eagle Entertainment. Double Eagle Entertainment Corp. is a multi-national gaming company listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). that currently manages, operates, and produces in conjunction with Dion Entertainment Corp. (DIO DIO Diode DIO Digital Input/Output DIO Defence Intelligence Organisation (Australia) DIO Designated Institutional Official DIO Days Inventory Outstanding DIO Data Input-Output DIO Defence Industries Organisation .T) their highly successful, nationally televised "TV Bingo/Lottery" in the Czech Republic. Original signed by Louis Dion, President CONTACT: Double Eagle Entertainment Lindsay Macleod, 604/681-9003 |
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