Online Poker at The Poker FatherOnline Poker - ThePokerfather.com - "Keep your friends close, but your Poker Friends Closer" Online Poker - ThePokerfather.com - "Keep your friends close, but your Poker Friends Closer" The Poker Father Online Poker Site
 

 

Online Poker News Archives - January 4, 2005

(Click Here for the Latest Online Poker News Stories)

Copyright 2005 PrimeZone Media Network, Inc.
PrimeZone Media Network

January 4, 2005 Tuesday 4:00 AM EST

HEADLINE: AngelCiti Rings Up More than $36 Million in Net Handle for 2004

BODY:
   AngelCiti Entertainment's (OTCBB:AGCI) wholly owned subsidiary, Worldwide Management, announced that it had a gross win of more than $1.43 million in 2004 on a net handle of more than $36.35 million.

   "The results from casino software operations are underscored by our decision to spin off the online poker operations which has now resulted in AngelCiti owning in excess of $20 million worth of shares in Midas Entertainment (Pink Sheets:MDAS)," remarked AngelCiti president George Gutierrez. "The online gaming market continues to expand worldwide and we intend on continuing to pursue these major and dramatic opportunities afforded by this growth."

   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, SharkPoker.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

(Click Here for the Latest Online Poker News Stories)

 

Online Poker Offers you CANNOT REFUSE

Last Updated:

 
Online Poker Offers YOU CANNOT REFUSE!

Help The Poker Father and WIN $100

 

 
The Pokerfather.com - Online Poker Site The Pokerfather.com - Online Poker Site The Pokerfather.com - Online Poker Site
The Pokerfather.com - Online Poker Site

Online Poker | Poker Bonus | U.S. Poker | Poker News | Poker Games | Casino Games |Poker Rules | Poker Tips
Poker Strategy | Poker Books | Poker Movies | Poker Banners | Partners | Poker Supplys | FreeRoll Poker
Poker Lessons | Poker Glossary | Security | Who We Are | Link Directory | Contact Us | Site Map

Didn't find what you are looking for - try Google, Open Directory Project or Yahoo! Directory

ThePokerFather.com is an independent online poker information website not affiliated with any poker room.
Copyright © 2005-2011 The Poker Father Online Poker Site - All Rights Reserved.

The Pokerfather.com - Online Poker Site