GGNC Announces the Official Launch of the World's Finest Millennium Lottery 2000 Web Site www.y2klottery.com.

LAS VEGAS--(BUSINESS WIRE)--August 5, 1999--

GIC Global Intertainment Corporation (OTC BB:GGNC)(located and licensed in the Commonwealth of Dominica, WI), is pleased to announce that Millennium Lottery 2000, (also know as the Y2K Lottery) is fully operational and generating revenue as the countdown to the new millennium continues.

Millennium Lottery 2000 is currently accepting Visa and MasterCard using a secure on-line server. GIC has entered into a service agreement with M-pact/BCE Emergis to handle the lottery's E-commerce processing. M-pact/BCE Emergis has a solid reputation within the industry, and is highly recommended for their real time credit card processing and customer service support.

A Verisign Digital Certificate has been obtained and installed, which facilitates a 128-bit encryption program within Millennium Lottery 2000. This method of securing a site is currently used by financial institutions for on-line banking and other instances that require the ultimate in confidential transfers of information.

"Verisign Inc. is the leading provider of the Internet trust services and digital certificate solutions needed by websites, enterprises and individuals in order to conduct trusted and secure electronic commerce and communications over IP networks."(a)

GIC Global Intertainment Corporation has engaged Davidson & Company, an International accounting firm, to monitor Millennium Lottery 2000 procedures. Davidson & Company is among the top ten (10) auditing firms and has extensive experience in auditing Canadian and US public companies. Davidson & Company is internationally affiliated with offices around the world.

Millennium Lottery 2000 has been introduced with a variety of 6 different lottery games: -0-

--   Daily          $1,000.00                     cash draw

--   Weekly         $10,000.00                    cash draw

--   Monthly        $100,000.00                   cash draw

--   Y2K            up to $100,000,000            cash draw

--   Ferrari 328 GTS/GTB      $175,000.00         estimated value

--   Ferrari F 355Spider      $250,000.00         estimated value

Millennium Lottery 2000 will translated into Chinese, Japanese, German, and Spanish, with a completion date of mid August 1999. Marketing of the lottery site in Asia and Europe will begin in conjunction with the launch of the newly translated versions. Numerous aggressive advertising and marketing campaigns will be initiated throughout the course of the lottery to attract worldwide attention.

Frequent upgrades and enhancements to Millennium Lottery 2000 will create more playing opportunities, increased site traffic, and solidify GGNC's leading market position in the on-line gaming industry.

Five international charities have been designated by GGNC as recipients and beneficiaries of the Global Intertainment Corporation Charitable Trust Foundation. Ten (10%) percent of Millennium Lottery 2000's revenue will be held "in trust", and disbursed according to lottery participant's choice of charity, during the registration process.

The designated charities are as follows:

1. UNICEF (United Nations Children's Fund)

2. American Cancer Society

3. International Red Cross (Disaster Relief-Children's Fund)

4. Easter Seals Foundation (Children with Disabilities)

5. Asian Relief Fund

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 Millennium Lottery 2000 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 focuses in the future and many different projects for expansion purposes will be featured within this year. GIC will be a fully reporting company within this year with plans to apply for a NASDAQ listing in the near future."

For more information visit Millennium Lottery 2000 (also know as the Y2K website) at http://www.y2klottery.com.

GGNC'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).

note(a) source -- press release July 22, 1999 -- "Verisign reports second quarter results"

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.