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Sportingbet, dot com Entertainment Sign License Agreement29 April 2002OAKVILLE, Ontario--(Press Release)--April 29, 2002-- dot com Entertainment Group, Inc. (OTCBB: DCEG), through its wholly-owned subsidiary corporation Parlay Entertainment Limited of Barbados, W.I., ("dot com"), announced today that it has entered into a software license agreement with Sportingbet plc (LSE: SBT), through its wholly owned subsidiary Capital Consulting (NA) NV ("Sportingbet"). dot com will provide Sportingbet with a minimum of five on-line gaming systems: three Casino and two Bingo. Each system will be branded separately with delivery dates scheduled for Q2 2002. Inferno Media, dot com's in-house digital agency, will also provide web development and branding services to Sportingbet, on terms which have been agreed to by the parties. "As the leading Internet sportsbook, Sportingbet will be able to expand its current user outreach through our Bingo and additional Casino technologies," said Scott F. White, dot com's President & CEO. "End users will notice no decline in the high levels of service or security. We expect to generate fees for software implementation, web development and branding, as well as associated royalty income in Q2 2002." dot com is a supplier of Internet gaming technologies, being one of the first companies in the world to develop and license multi-play, pay-for-play on-line Bingo technology. |