AIE Announces Third Deal with ImperiaMedia

22 June 1999
Atlantic International Entertainment, Ltd. (AIE)has announced the third license its Internet Casino Extension (ICE) gaming software to Caribbean-based ImperiaMedia, Ltd. Revenue projected from the alliance exceeds $300,000 in up-front cash and royalty payments over the term of the agreement. The casino is expected to go live in July.

"We are finding that our customer base is now providing us with multiple orders for our Internet gaming product line," said Richard A. Iamunno, president and CEO of Atlantic International Entertainment, Ltd. "ImperiaMedia is a client that plans to expand its online casino presence on an ongoing basis and we look forward to working closely with them as they go forth with expansion plans."

AIE specializes in the development and licensing of Interactive Software Systems for the gaming and entertainment industries. It develops and markets Internet and private network transaction based products such as Internet Casino ExtensionTM (ICE), for licensed casinos; webSportsTM, an Internet sports wagering system; Lotto MagicTM, a lottery system for private, government and fund-raising purposes; and Bingo BlastTM, for charity and private organization use.

"We are pleased with our alliance with Atlantic International Entertainment, Ltd. It is a perfect match to our Internet gaming hosting and licensing services. We feel that the AIE software is the superior product in the market place," said Oliver Vermeulen, managing director of ImperiaMedia, Ltd.