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AngelCiti Launches TheHouseWins.com8 May 2003PEMBROKE PINES, Florida -- (Press Release) -- AngelCiti Entertainment, Inc. (OTC Bulletin Board: AGLC) announced that its wholly owned subsidiary Worldwide Management has reached agreement to launch its own private label version of the popular Be the Dealer person-to-person casino gaming platform that enables players to be the dealer in playing online casino games. This novel new approach to online gaming has proven exciting to players looking for a unique angle on the entertainment action. AngelCiti anticipates being able to provide TheHouseWins.com with this software by the end of May and that this will provide yet another revenue stream for the Company. "This is just another move to keep the company at the forefront of the emerging technology in this industry," said AngelCiti president George Gutierrez. "This unique model has proven very popular with both online casino customers and players and we feel it provides a unique opportunity for our customers to capitalize on their existing player base, while attracting new players." "AngelCiti's decision to introduce Be the Dealer to its client base is yet another milestone in the growing popularity of this platform. With person-to- person betting exchanges gaining enormous popularity on the internet, Be the Dealer stands alone as the only casino gaming platform of its kind in the world today," commented Craig Marshak, director of CV Holdings, parent company of Be the Dealer. 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. About Be the Dealer Be the Dealer software was developed by C.V. On Net NV, a company which holds its gaming license in Curacao, Dutch Netherlands Antilles and by the companies wholly owned software development subsidiary, Tandem Research Limited based in Hypha, Israel. |