GOCA.com Announces E-commerce Revenues of $4,010,637 and Record Net Win of $161,747 for April 1999; GoCasino.com Number of Casino Players Increases 200% in Past 90 Days.LOS ANGELES--(BUSINESS WIRE)--May 14, 1999-- Go Call Inc. (www.goca.com) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GOCA), Friday announced that its e-commerce division, which processes transactions for GoCasino.com, showed wagering revenues of $4,010,637 for April 1999 and a record Net Win of $161,747. Wagering revenues for GoCasino.com have increased to a total of $14,727,756 from January 1999 to April 1999. This significant growth in wagering revenues since January is the result of a 200% increase in the number of players at the GoCasino.com within the past 90 days. Since its inception in September 1998 the GoCasino.com has recorded wagering revenues of $16,684,851. Wagering revenues are the total amount of funds wagered by the casino players. The 1998 Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach $100-$200 billion in annual revenues by 2005. Go Call Inc. is following the success of its competitors within the Internet Gaming Market that includes Cryptologic Inc CryptoLogic Inc. is a Toronto-based online gambling software supplier, one of the four largest in the industry along with Microgaming, Playtech, and Real Time Gaming. CryptoLogic was founded by brothers Andrew and Mark Rivkin in 1995 from the basement of their parent's house. . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRY), Starnet Communications International Inc. (OTC BB:SNMM), GLC Limited (Nasdaq:GLCCF), and Atlantic International Entertainment Ltd. (OTC BB:AIEE AIEE American Institute of Electrical Engineers (now IEEE) AIEE Aeronautical Imagery Exploitation Environment ) and Youbet.com Inc. (OTC BB:UBET). Go Call Inc. develops, markets and manages secure, progressive and profitable ventures springing from the Internet entertainment and e-commerce revolution. The statements in this news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Actual results could differ materially from those described herein as a result of certain factors and circumstances. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion