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Copyright 2004 PrimeZone Media Network,
Inc.
PrimeZone Media Network
December 6, 2004 Monday 4:00 AM EST
HEADLINE: AngelCiti's SharkCasino.com Wins Numerous
Awards
BODY:
PAngelCiti Entertainment's(OTCBB:AGCI)
SharkCasino.com was a recipient of numerous awards recently including
being rated as one of the top online casinos and one of the most
reputable online casinos by industry expert Gambling.com as well
as garnering distinction as a top new casino by Gambling
Online Magazine in their 2004 Award Special.
"We take great pride in the way that our
casino licensees operate and this notable industry recognition
serves as a testament to the hard work and effort our management
puts into running the company," remarked AngelCiti president
George Gutierrez. "It also confirms our business strategy
of focusing AngelCiti 's expansion in online casino operations
while maintaining a presence in the online poker industry through
our investment in Midas Entertainment. Midas has grown significantly
since our online poker operations were spun off into Midas in
July 2004 and AngelCiti's shareholdings of 4,600,000 shares in
Midas represent a value of over $20 million."
The Industry
A Bear Stearns report for the industry pegs
annual revenue at $4.2 billion for 2003, while Christiansen Capital
Advisors predicts a slightly more rosy picture pointing to an
estimated $4.5 billion in revenue for calendar year 2002, saying
2005 revenue could exceed $10 billion. InformaMedia Group, which
tracks electronic gambling predicts that online gaming revenue
will even reach $14.5 billion by 2006.
The Company
AngelCiti's wholly owned subsidiary Worldwide
Management provides gaming software to numerous online
casinos including SharkCasino.com, and TheHouseWins.com,
and currently services casinos in English, Spanish, German, Chinese
and Japanese.
This news release contains forward-looking
statements regarding AngelCiti's business strategies and future
plans of operations. Forward-looking statements involve known
and unknown risk and uncertainties. The company's risks and uncertainties
include: intense price competition, economic, political and regulatory
uncertainties, the need to raise additional capital for growth
and expansion and its reliance on the Internet as a means for
promoting the software it sublicenses. The forward-looking statements
contained in this news release speak only as of the date hereof
and AngelCiti disclaims any obligation to provide public updates,
revisions or amendments to any forward-looking statements made
herein to reflect changes in AngelCiti's expectations or future
events. The representations of net handle and gross net win in
this press release are presented as measures of performance for
the company that are different from those presented in the income
statement in accordance with Regulation G promulgated by the Securities
and Exchange Commission and are not to be considered as revenue
or a GAAP related financial disclosure criteria.
CONTACT:
AngelCiti Entertainment, Inc.
Evelyn Fallas
(800) 908-9574
Evelyn@angelciti.com
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