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AngelCiti Hires New Chief Operating Officer

"Mr. Lee helps to fill a huge gap that will enhance the Company's ability to expand its reach on the internet, with a particular emphasis on expansion into the Asian markets," stated AngelCiti president George Gutierrez. "We are assembling the tools and resources to focus on taking the company to the next level and look forward to having our strategic planning take shape as the year progresses."

Prior to coming on board with AngelCiti, Mr. Lee was the founder and president of Web Venture Asia, a management consulting services company providing business development expertise to technology and gaming-related companies. Previously Mr. Lee had worked in senior level positions in Japan, China and the United States, and has been integrally involved in the online gaming industry since its inception.

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.

Worldwide Management provides gaming software to over a dozen gaming websites. AngelCiti's current websites include AngelCitiCasino.com, VacationCasino.com, StarbrightCasino.com, WelcomeToOurCasino.com, QuePasaCasino.com, UrlaubCasino.com LuckyDogCasino.com and many others.

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