Planet City Announces Internet Gaming Division.SEDONA, Ariz.--(BUSINESS WIRE)--June 28, 1999-- Planet City Corp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PINC PINC Printing Industries of Northern California PINC Permaculture Institute of Northern California (Point Reyes Station, CA) PINC Potential Incident of Noncompliance PINC Programma Instandhouding Nucleaire Competentie ) is pleased to announce the creation of a new division for Internet Gaming. The first entry in this Division is Planet City Casino, which provides many of the popular Las Vegas style casino games. Planet City Casino will provide both play-for-free and play-for-real options. Beginning Monday, June 28, the casino will begin its Beta test, and will be open to the public for free-play with the five games currently available. New games will be added periodically. The current games software is available for download from http://www.planetcitycasino.com. Free Installation CD ROMs are available upon request. Terry Dennis, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Planet City said, "The Planet City Casino is a complete turn key operation with minimal start up costs. Selecting a turn key operation allows us to keep our operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. low, while generating immediate income to fund our ongoing operations. This allows Planet City staff to concentrate on the primary focus of our company, which is providing leading edge software products and services to our clients." Internet gaming is growing at a rapid pace. Sebastian Sinclair, a gaming industry research analyst with Christiansen/Cummings Associates, estimates that expenditures for Internet gaming should reach $7.9 billion by 2001, exclusive of sports and horse betting. The Planet City Internet Gaming Division's goal is to provide future interactive single and multi-player game titles for this lucrative entertainment medium. A recent report by Wall Street Research on Planet City is available at http://www.wallstreetresearch.net. For further information call: 800/219-8785 The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "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. " for forward-looking statements. Certain of the statements contained herein which are not historical facts are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission. PINC on the Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : Bulletin Board |
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