AngelCiti’s Kicks-Off Strategic Online Marketing Campaign
Pembroke Pines, FL, 01/26/2005 -- AngelCiti Entertainment, Inc. (OTC BB: AGCI), an online casino software licensor, announced today that it is more than doubling its marketing budget and kicking off a new national marketing campaign that will run over the next six months. AngelCiti’s newly hired Director of Operations, Oliver Treumann, has begun targeting numerous advantageous marketing opportunities. The recent $300,000 capital infusion provides the Company with a unique opportunity to immediately capitalize on those opportunities.
AngelCiti President George Gutierrez stated, “The online gaming market is perpetually evolving. We are extremely pleased to have Mr. Treumann’s stewardship to guide the company’s operational growth through what we anticipate will be another major corporate growth phase. We have taken numerous measures throughout the years to emphasize the interest of our investors and we continue to have that policy at the forefront of our corporate philosophy.”
Gutierrez continued, "In addition to attention to corporate operations, management continues to explore and pursue additional synergistic corporate activities. Our spin-off of the online poker operations, which resulted in a dividend to shareholders and left the company with 4.6 million shares of Midas Entertainment, is a prime example of what the company has done and will strive to look for in the 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 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.
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