PEMBROKE PINES, Fla., May 16, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online software licensor, announced today it is featured in an interview with Bram Solloway on the Bullseye at www.StreetCast.TV.
"We had a very favorable interview," remarked AngelCiti president George Gutierrez, "And this is just part and parcel of a concerted management effort to have the capital markets stand up and take notice of the positive ongoing developments of the Company. We will additionally be attending the conference sponsored by the National Investment Banking Association on May 19th and 20th in San Diego, CA and plan on attending more this coming year. We strongly feel that our company's shares are undervalued and in addition to a broker targeted road show, we will be considering such additional measures as a further stock dividend of Midas Entertainment stock in the very near future."
About AngelCiti Entertainment Inc.
AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. The online gambling market has been booming since its inception and continues to expand at a rapid pace. Industry experts estimate that total gaming revenues could grow from $4.5 billion in 2002 to more than $10 billion by 2005 (source: Christiansen Capital Advisors). AngelCiti's wholly owned subsidiary Worldwide Management services casinos in English, Spanish, German, Chinese and Japanese. For more information, visit http://www.angelciti.com .
This news release contains forward-looking statements regarding AngelCiti's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and AngelCiti disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in AngelCiti's expectations or future events. The representations of net handle and gross net win in this press release are presented as measures of performance for the company that are different from those presented in the income statement in accordance with Regulation G promulgated by the Securities and Exchange Commission and are not to be considered as revenue or a GAAP-related financial disclosure criteria.