AIE Announces New License Agreements

3 August 1998

BOCA RATON, Fla. -- Atlantic International Entertainment, Ltd. (OTC BB: AIEE) has entered into two license agreements with Costa Rican-based International Commercial Finance, L.L.C. (ICF).

ICF owns Lucky's Casino & Sportsbook. The agreements, totaling $675,00, are for the Internet Casino Extension(TM) (ICE)(TM) and webSports(TM) gaming systems.

"We are pleased to announce that the Costa Rican-based ICF has decided to license our gaming and wagering products," said Atlantic President and CEO Richard Iamunno. "The ICF casino, Lucky's Casino & Sportbook, will cater to both the traditional and interactive gaming & wagering players. This casino plans to target the growing South American and Spanish-speaking gaming markets."

"Atlantic offered a comprehensive and sophisticated gaming & wagering product line along with an international support structure unequaled in the industry," an ICF spokesperson said. "With our Atlantic products and a customer-oriented marketing philosophy, we look forward to offering an exciting casino and sportsbook to the public by late August."

AIE develops and markets Internet and private network transaction-based products including global turn-key Internet Casino Extension, (ICE) for licensed casinos; webSports, Internet sports wagering system; Hotel Hotlinks, in-room gaming and entertainment system; realSports, an on-line sports information service and Internet-related products and services (The Eminet Domain).