PEMBROKE PINES, Fla., Jan. 13 /PRNewswire-FirstCall/ -- AngelCiti Entertainment, Inc. (BULLETIN BOARD: AGCI) , an online casino software licensor, announced today that OTC Financial Network, a division of National Financial Communications Corp., has issued a favorable InvestorFacts report on the Company. The report includes a profile of the Company''s innovative software, market potential, growth strategies and investment considerations. Interested parties can view the report online at http://www.otcfn.com/agci/report.html.
Geoffrey Eiten, publisher of the OTC InvestorFacts, stated, "The projected $10 billion industry of online gaming offers AngelCiti tremendous opportunity in North America along with Europe and Asia. AngelCiti plans to maximize its marketing capabilities by bringing on specialists experienced in the optimization of web design and regional marketing abroad. As AngelCiti focuses on expanding its online casino operations worldwide, the Company maintains a strong foothold in the online poker industry with an equity stake in Midas Entertainment (OTC Pink Sheets: MDAS). Midas has generated more than $700,000 in gross revenue within its first four and one-half months of operations. With multiple prospects for continued growth, AngelCiti offers solid upside opportunity for its early investors."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company''s proactive campaigns are custom designed to strengthen each client''s presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client''s existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com/.
About AngelCiti Entertainment Inc.
AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. The online gambling market has been booming since its inception and continues to expand at a rapid pace. Industry experts estimate that total gaming revenues could grow from $4.5 billion in 2002 to more than $10 billion by 2005 (source: Christiansen Capital Advisors). 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. For more information, visit http://www.angelciti.com/. AngelCiti owns 4.6 million shares in Midas Entertainment, Inc., a publicly traded online poker software company. Recent estimates from industry insider PokerPulse.com note that over $5 billion is anticipated to be wagered at online poker sites in 2005.
Disclaimer: OTC InvestorFacts, published by National Financial Communications Corp., endeavors to supply its readers with sound opinions and advice based on its analysis of publicly available information from sources believed to be reliable but makes no representation as to its accuracy or completeness. Opinions and advice of OTC InvestorFacts are not based upon individual needs or investment objectives of readers nor are they an offer to buy or sell securities. National Financial Communications Corp. and the publisher of OTC InvestorFacts have received fees and compensation from the featured Company, including a monthly base fee of $5,000, paid in cash. National Financial Communications Corp., its affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold or sell a position in the securities mentioned in its profiles. Upon request, the Company can furnish specific information in this regard. For full disclosure information, visit http://www.otcfn.com/agci/disclaim.html.
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.
For more information, contact: OTC Financial Network Rick McCaffrey, Investor Relations 781-444-6100 x625 rick@otcfn.com AngelCiti Entertainment, Inc. Evelyn Fallas 800-908-9574 Evelyn@angelciti.com
AngelCiti Entertainment, Inc.
Geoffrey Eiten, publisher of the OTC InvestorFacts, stated, "The projected $10 billion industry of online gaming offers AngelCiti tremendous opportunity in North America along with Europe and Asia. AngelCiti plans to maximize its marketing capabilities by bringing on specialists experienced in the optimization of web design and regional marketing abroad. As AngelCiti focuses on expanding its online casino operations worldwide, the Company maintains a strong foothold in the online poker industry with an equity stake in Midas Entertainment (OTC Pink Sheets: MDAS). Midas has generated more than $700,000 in gross revenue within its first four and one-half months of operations. With multiple prospects for continued growth, AngelCiti offers solid upside opportunity for its early investors."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company''s proactive campaigns are custom designed to strengthen each client''s presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client''s existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com/.
About AngelCiti Entertainment Inc.
AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. The online gambling market has been booming since its inception and continues to expand at a rapid pace. Industry experts estimate that total gaming revenues could grow from $4.5 billion in 2002 to more than $10 billion by 2005 (source: Christiansen Capital Advisors). 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. For more information, visit http://www.angelciti.com/. AngelCiti owns 4.6 million shares in Midas Entertainment, Inc., a publicly traded online poker software company. Recent estimates from industry insider PokerPulse.com note that over $5 billion is anticipated to be wagered at online poker sites in 2005.
Disclaimer: OTC InvestorFacts, published by National Financial Communications Corp., endeavors to supply its readers with sound opinions and advice based on its analysis of publicly available information from sources believed to be reliable but makes no representation as to its accuracy or completeness. Opinions and advice of OTC InvestorFacts are not based upon individual needs or investment objectives of readers nor are they an offer to buy or sell securities. National Financial Communications Corp. and the publisher of OTC InvestorFacts have received fees and compensation from the featured Company, including a monthly base fee of $5,000, paid in cash. National Financial Communications Corp., its affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold or sell a position in the securities mentioned in its profiles. Upon request, the Company can furnish specific information in this regard. For full disclosure information, visit http://www.otcfn.com/agci/disclaim.html.
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.
For more information, contact: OTC Financial Network Rick McCaffrey, Investor Relations 781-444-6100 x625 rick@otcfn.com AngelCiti Entertainment, Inc. Evelyn Fallas 800-908-9574 Evelyn@angelciti.com
AngelCiti Entertainment, Inc.