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Copyright 2005 PR Newswire Association
LLC.
All Rights Reserved.
PR Newswire US
January 13, 2005 Thursday
HEADLINE: Midas Entertainment Processes Over
$32.6 Million in Transactions
DATELINE: DAVIE, Fla. Jan. 13
BODY:
Midas Entertainment, Inc. (OTC Pink Sheets:
MDAS), an online poker
software company, announced today it has taken over $32.6 million
in bets, processed more than $3.2 million in payments and generated
$712,000 in gross revenue during its initial four and a half months
of operations. To date, the company has acquired over 10,500 players
playing through the Company's web portal licensees.
Midas Entertainment's President, George Gutierrez,
remarked, "We continue to be amazed by the rapid start we've
experienced in growing our user base, processing transactions
and generating revenue. The online poker market has grown over
700% this past year and continues to expand dramatically. We are
projecting continued growth for both the industry and our company
as we look forward to pursuing many exciting opportunities in
2005."
About Midas Entertainment, Inc.
Midas' wholly owned subsidiary, Creative Millennium
Ventures, provides gaming software to online poker sites including
CityPoker.com, KingMidasPoker.com, DesertPoker.com and SharkPoker.com.
Midas' operations were spun off from AngelCiti Entertainment,
Inc. (OTC:AGCI) (BULLETIN BOARD: AGCI) and into Midas in July
2004. AngelCiti owns 4.6 million shares in Midas Entertainment.
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.
For more information, contact:
OTC Financial Network
Rick McCaffrey, Investor Relations
781-444-6100 x625
rick@otcfn.com
Midas Entertainment, Inc.
Gabriella Jarquin
800-765-3781
Gabriela@Midas-Gaming.com
CONTACT: Gabriella Jarquin of Midas Entertainment,
Inc.,
+1-800-765-3781, or Gabriela@Midas-Gaming.com ; or Rick McCaffrey,
+Investor
Relations, OTC Financial Network, +1-781-444-6100, ext. 625, or
rick@otcfn.com , for Midas Entertainment, Inc.
Web site: http://www.angelciti.com/
SOURCE Midas Entertainment, Inc.
URL: http://www.prnewswire.com
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