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AngelCiti Applies to Nasdaq, AMEX

16 February 2005

PEMBROKE PINES, Florida – (PRESS RELEASE) -- AngelCiti Entertainment, Inc. (OTC Bulletin Board: AGCI), an online casino software licensor, announced today that it plans on moving forward with an application to the Nasdaq(R) or AMEX(R) exchanges upon the successful completion of its merger with Carib Gaming, the largest land-based gaming company on the Turks and Caicos Islands.

AngelCiti President George Gutierrez stated, "Moving to a major national exchange is the next logical step for our company as we meet the shareholder's equity and market valuation requirements set by the Nasdaq and AMEX. This move will fuel both the future growth of the Company, enhance shareholder value and increase our liquidity and visibility."

Gutierrez continued, "This application is timed with our merger with Carib Gaming. Carib Gaming owns and operates slot machine locations in several bars, restaurants and clubs. During the past year, Carib acquired the Islands' second-largest gaming operator, further cementing its position as the number-one gaming company on the Islands. AngelCiti's acquisition of Carib Gaming will provide the Company the unique opportunity to leverage the benefits of online and land-based gaming to one company."

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