PEMBROKE PINES, Fla., May 24, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software licensor, announced today the recent popular addition of 3-reel Australian slot machines (Ronin, Aztec's Treasure and Goldbeard) have been an even bigger hit than anticipated, and plans to include French as a new language in order to more effectively target European gamblers. AngelCiti already offers multi-currency options enabling people to wager in the currency of their home country.
"Innovation is a key way to stay competitive in the online gaming market," commented George Guiterrez, president of AngelCiti Entertainment. "While we are focused on the corporate transactions on hand such as the acquisition of Carib Gaming, we continue to strive and heighten the online entertainment experience in our software. We have seen a nice jump in wagers this year and anticipate that the growth of players worldwide will continue to add to the bottom line."
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 and Chinese. 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.