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AngelCiti on Target13 February 2003PEMBROKE PINES, Florida – (Press Release) -- AngelCiti Entertainment's (OTC Bulletin Board: AGLC) wholly owned subsidiary Worldwide Management announced that it processed a net handle in excess of $5.9 million for January 2003, putting the Company on target for a Net Handle of $70.8 for the entire year of 2003. "While this was a great start to the new year and represents almost a tripling of the Company's business as compared to calendar year 2002 we feel that results will only continue to improve as the year moves along," remarked AngelCiti president George Gutierez. "We have an aggressive growth strategy in place for 2003 and believe that those results will begin to be more greatly reflected in the Company's bottom line over the next 4 to 6 months." 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. The Company Worldwide Management provides gaming software to over a dozen websites and in just 8 months of operations in 2002 grew to a net handle of approximately $26 million. AngelCiti's current websites include VacationCasino.com, StarbrightCasino.com, WelcomeToOurCasino.com, QuePasaCasino.com, UrlaubCasino.com, LuckyDogCasino.com and many others. |