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IGW Signs Additional Licensees

Under the agreements, IGW will develop sportsbook and casino sites utilizing the company's proprietary software. The package enables licensees to immediately handle betting for all major sporting events and casino gaming. Features include detailed accounting and reporting functions, numerous security layers and a multilingual interface.

Through its division, TheSportsDaily.com, Global Entertainment provides information on the most wagered sporting events and key links to online news and wagering sites including lines, odds, live scores, information on teams and players, match-up and injury reports, game schedules, and sports news.

The $2 million of expected revenue for IGW consists of initial set-up fees for customized Web site development, hardware and software installation, monthly maintenance fees and software licensing royalties. The operations are expected to be fully functional in July 1999, when Gameday (www.gamedaysports.com)(www.gamedaycasino.com) and Sports Network (www.aNETbet.com) will launch their new Web sites for online gaming consumers worldwide.

Based in Curacao, IGW has developed the Internet & telephony sportsbook system, a turnkey sportsbook software package, and two versions of video poker, all of which it licenses to online sportsbook and casino operators. Global Entertainment has recently partnered with Predict It! (OTC BB:PRIT) and DBC Sports to maximize the information available to Web site users. The site offers direct links to online sportsbooks and casinos, including VIP.sports.com. The two new agreements brings the total number of IGW licensees to five.

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