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Gaming World Launches Public Offering via the Web6 March 1997Antigua, West Indies -- Gaming World, Ltd., the first World Wide Web-based Casino and Sports Book ever to go public via the Internet, has opened its public offering globally, said Kevin G. Duffy, President of the company. Gaming World's digital public offering (DPO), facilitated by the company's site at http://www.gamingworld.com, consists of 1,425,000 shares of common stock priced at $3.50 per share. The proceeds of the offering will allow the company to introduce new casino games, including real time, multi-player games and lottery products. "Our decision to sell shares directly to the public, exclusively via the World Wide Web, allows for the commission-free purchase of Shares by a global public, and enables the Company and our shareholders to avoid the high costs and dilution associated with investment banking services", said Duffy. The offering is qualified under the International Business Companies Act. A copy of the prospectus may be reviewed and downloaded from the company's site upon registration. The securities may only be sold to individuals that would ordinarily be qualified as sophisticated investors. Incorporated in the British Virgin Islands with operations in Antigua, West Indies, the company is Licensed by the Government of Antigua to operate an Internet-based casino and sports book on the Island. |