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Copyright 2004 PrimeZone Media Network,
Inc.
PrimeZone Media Network
November 15, 2004 Monday 4:14 AM EST
HEADLINE: CityPoker.com Players Excel at Monte
Carlo Millions Tournament
BODY:
Two online players from CityPoker.com won entry
into the Monte Carlo Millions Poker Tournament courtesy of CityPoker.com
and performed excellently against some of the world's top poker
players. CityPoker.com is powered by Midas Entertainment, Inc.
a publicly traded online
poker software company (Pink Sheets:MDAS).
Top world players attending the event included
Chris "Jesus" Ferguson, Phil Ivey, Howard Lederer, Scotty
Nguyen, Mel Judah, Phil "Unabomber" Laak, the Hendon
Mob, and many more. The CityPoker.com players finished a solid
38th and 32nd in the first leg of the tournament and performed
even better in the second leg where they finished 18th and 14th,
respectively. Both players received an exciting, all-expense-paid
trip to Monte Carlo as part of the CityPoker.com promotion.
"Our players are top notch and they have
proven they can play with and excel against some of the very best
players in the game," remarked Midas President George Gutierrez.
"Poker is a battle of wits, and experience plays a key role
in setting a good player apart from the very best. However, we
have seen that the top quality online player is every bit as good
as the top live players and that egalitarian opportunity is what
has fueled much of the meteoric growth experience in online
poker. We will continue to provide our players with exciting
online promotions and ways to even more greatly enjoy their time
with us online."
The Industry
A Bear Stearns report for the industry pegged
annual revenue at $4.2 billion for 2003, while Christiansen Capital
Advisors predicts a slightly rosier picture pointing to an estimated
$4.5 billion in revenue for calendar year 2002, saying
2005 revenue could exceed $10 billion. Recent estimates from PokerPulse.com
note that over $140 million is wagered at online
poker sites during any given 24-hour period.
The Company
Midas' wholly owned subsidiary, Creative Millenium
Ventures, provides gaming software to online poker sites including
CityPoker.com, KingMidasPoker.com, DesertPoker.com and SharkPoker.com.
This news release contains forward-looking
statements regarding Midas'
business strategies and future plans of operations. Forward-looking
statements involve known and unknown risks 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 Midas disclaims any obligation
to provide public updates, revisions or amendments to any forward-looking
statements made herein to reflect changes in Midas' 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:
Midas Entertainment, Inc.
Gabriella Jarquin
(800) 765-3781
Gabriela@Midas-Gaming.com
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