Total Entertainment Introduces Multiplayer Games.MONTREAL--(BUSINESS WIRE)--July 20, 1999-- Total Entertainment (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TTLN) is pleased to announce that all online casinos owned by its wholly-owned subsidiary Intercapital Global Fund Ltd. will begin offering BINGO BLAST, the first in a series of new interactive multiplayer casino games. This game was created and licensed to TTLN by Atlantic International Entertainment (OTCBB:AIEE AIEE American Institute of Electrical Engineers (now IEEE) AIEE Aeronautical Imagery Exploitation Environment ) an independent software developer from whom TTLN licenses this and other casino gaming software. BINGO BLAST will offer TTLN players an easy-to-use and realistic gaming experience. Bingo game interfaces can be customized to virtually any pattern, and voice-overs and effects will shout numbers and announcements (initially available in English, Spanish, or Chinese). Participants can play their cards manually or can choose an autoplay feature which allows them to control multiple cards. Game winners and prize amounts will be broadcast live over the network. Prizes can be won from both the regular prize pool and from a progressive jackpot A progressive jackpot is a jackpot (highest payoff) for a gaming machine (usually a slot machine or video poker machine) where the value of the jackpot increases a small amount for every game played. (a percentage collected from each card purchased). TTLN plans to hold several daily bingo sessions for its clients. Growth figures for the international bingo market have shown a robust performance. The North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. commercial non-casino gaming market currently accounts for nearly US$20 billion, with more than 100 million bingo enthusiasts worldwide dabbing their cards yearly. BINGO BLAST should be available on line by late July 1999. Mr. Mitchell Brown, President of TTLN, indicated that, "The demand for the right niche entertainment product such as Bingo Blast is limitless. TTLN intends to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the rising interest in bingo by broadening its client base while boosting its market share." As discussed in the Atlantic International Entertainment Press Release dated July 6, 1999, AIEE internal revenues estimates are anticipated to exceed $750,000 during the term of the agreement with Total Entertainment. Based on AIEE's projections and other research, TTLN forecasts earnings to surpass US $7.5 million over the term of its software license agreement with Atlantic. Mr. Brown added that as previously reported on Feb. 2,1999, "With the expertise and efficiency of Atlantic International Entertainment, Total Entertainment's portal site Noun 1. portal site - a site that the owner positions as an entrance to other sites on the internet; "a portal typically has search engines and free email and chat rooms etc. which we have named http://www.gotototal.com and http://www.go2total.com, is progressing." The portal site will offer products and merchandise on online gaming, casinos, sports, sports betting, financial information, news and other related topics. Total Entertainment expects to debut the portal site third quarter 1999. Mr. Richard Iamunno, President of Atlantic International Entertainment, commented that, "Our relationship with Total Entertainment has been an exciting project for Atlantic. Total's gaming choices show a keen understanding of its player base." Mr. Iamunno added that, "We are pleased Atlantic has contributed to Total's success and look forward to pursuing more opportunities in our partnership." The company's auditor Grant Thornton is in the process of preparing the company's 1998 year-end and 1999 First Quarter audited financial statements. Mr. Brown, President of TTLN, stated that "We are anxiously awaiting our audited financial statements, as we can then file our Form 10-SB with the Securities and Exchange Commission, and become a fully-reporting company. This filing, our first filing with the S E C, is most important as it will lay the groundwork for our company's forward progress." Mr. Brown added, "At the company, we put upon ourselves the early filing of Form 10-SB with audited financial statements. (Earlier than required by the NASD*s phase-in schedule for OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB companies to become registered with the SEC). The company continues to establish itself as a leader in the I-gaming industry." TTLN's online gaming sites can be found at www.theonlinecasino.com, www.slotsvegas.com, and its three Asian sites www.dragongaming.com, www.theluckydragoncasino.com, and www.dragonbet.com. Successful competitors in the industry include CryptoLogic cryp·tol·o·gy n. The study of cryptanalysis or cryptography. cryp to·log (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRY.TO), Starnet Communications (OTCBB:SNMM), GLC Limited (OTCBB:GLXW), Cybergames Inc. (OTCBB:CYGA), and Youbet.com (OTCBB:UBET). The statements in 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 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. provisions of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. |
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