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American Gaming & Entertainment Changes Name

13 October 2000

INDIANAPOLIS, Minnesota -- (Press Release)--Oct. 13, 2000-- American Gaming & Entertainment, Inc. (``AGEL'') will change its name to ``WOW Entertainment, Inc.'' and stock symbol to ``WOWI'' effective after the close of business, October 13, 2000.

Also after the close of business on October 13, 2000, the company will complete a 1 for 6 reverse stock split resulting in each share of WOW's current common stock, $0.01 par value being reclassified into 0.1667 of a share of new common stock, $0.01 par value.

WOW's common stock currently trades on the OTC Bulletin Board. The primary purpose in effecting the reverse stock split is to increase the minimum bid price of WOW's common stock. Increasing the minimum bid price above $4.00 per share, along with various other qualifications, is required before the company can apply for listing on the NASDAQ Small Cap Market. Additionally, management is hopeful that the reverse stock split will have a positive effect on the marketability of its common stock.

WOW creates state-of-the-art, live events featuring women's professional wrestling, which are taped for worldwide television broadcast. WOW also develops pay-per-view programs and live-action Internet broadcasts designed to generate revenues from the sale of commercial advertising time, e-commerce, pay television programming, branded merchandise and live event presentations.

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