GGNC Announces the Acquisition and Launching of the World's Finest 2000 Millennium Lottery Web Site.

LAS VEGAS--(BUSINESS WIRE)--June 18, 1999--

GIC Global Intertainment Corporation (OTC BB:GGNC) (located and licensed in the Commonwealth of Dominica), has signed and finalized an Asset Purchase Agreement with New Media Entertainment, Ltd., (New Media) a non-resident Republic of Ireland corporation, for the purchase of assets associated with the Millennium Lottery. The site http://www.y2klottery.com will be in full operation soon.

GGNC has purchased the Millennium Lottery assets in exchange for cash and stock and arranged for the transfer of ownership related to this turnkey Internet lottery system. GGNC has issued shares of the Company's common stock, with certain restrictions as to the resale of shares by New Media. Consequently, the right to transfer, sell, pledge or otherwise dispose of the Shares are restricted for twelve (12) months from the June 10, 1999 contract date.

James Chu, President and CEO of GGNC stated that "Our Company is currently diversifying and expanding into other Internet related businesses. This launching of the world's first Millennium Lottery project by our Company today is just the beginning. Our Company will be marketing the Millennium Lottery aggressively to everyone in the world including forming strategic marketing alliances with large national Greeting Card chain stores, Ticket re-seller chain stores, Flower Chain stores (including on-line flower shops),etc.

E-Commerce will be one of our Company's main focus in the future and many different projects for expansion purposes will be featured within this year. And our Company will be a fully reporting company within this year with plans to apply for a Nasdaq listing in the near future."

Y2K Lotto is an Internet online lottery site. Y2K Lotto operates its Lottery to guarantee its customers a user-friendly site, secured with the opportunity to become an instant millionaire. Y2K Lotto is similar to last year's U.S. Powerball Lottery (which pool all the jackpots form all of the states together into one large jackpot). Y2K Lotto will pool all the revenues generated form all the different countries in the world from our lottery site into one big jackpot. Anybody in the world can purchase the Millennium lottery ticket for only U.S. $1.00 per ticket on our web site and the anticipated pooled jackpot from countries around the world is U.S. $100 Million which will be draw on December 31, 1999. Currently, our Company's Millennium Lottery web site is in five different languages: English, Chinese, Spanish, Japanese and German. Within our www.y2klottery.com site will also featured a daily, weekly, and monthly lottery draws for people around the world to participate and enjoy.

Y2K Lotto is operated by GIC Global Intertainment Corporation. 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.

Y2K Lotto was granted a license to operate an Internet global lottery by the Government of the Commonwealth of Dominica, W.I.

Y2K Lotto is audited by Davidson & Company, an International accounting firm. Davidson & Company are among the top ten auditing firms and have extensive experience in auditing US, and Canadian public companies. Davidson & Company are internationally affiliated with offices around the world. They will audit the Y2K Lotto books of account and scrutinize all of the draw procedures and revenue accounting for the Lottery.

Players can withdraw their winnings in one of two ways. They can either request that their winnings be transferred onto their credit card, or they can request that an International money order be forwarded (for the daily, weekly, monthly lottery).

The Y2K Lotto will donate 10% of the total revenue generated from the Y2K Lotto site to an established charity in every country where Y2K Lotto receives play, in a bid to help them in their international humanitarian effort. Our Company has already established two Charitable Trust Foundations both in Asia and North America so the established charities in different countries can apply for the available charitable funding from our Y2K Lotto. By playing the Y2K Lotto game, you can rest assured that you will be helping needy people worldwide. You never know, YOU may become the next Y2K Lotto millionaire, and the difference it would make to your life!

For more information visit the Y2K website

http://www.y2klottery.com

GNNC's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq:SLOT), Trans World Gaming Group (OTC BB:IBET), Argosy Gaming Co. (NYSE:AGY), International Game Technology Inc. (NYSE:IGT), Cryptologic Inc. (TSE:CRY), Starnet Communications International Inc. (OTC BB:SNMM ), GLC Limited (Nasdaq:GLCCF), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Cybergames Inc. (OTC BB:CYGA), IGN Internet Global Network Inc. (VSE:IGN, OTC BB:IGINIF) and Global Games Corp. (OTC BB:GLOW).

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.

Investor Relations Contact: Keith Lindquist or Shawn Balaghi Toll Free 1-877-GIC-WINS (877/442-9467) E-mail [e-mail] or 604/688-6888.