AIE Introduces ICE Version 2.0

21 August 1998

BOCA RATON, Fla. -- ICE (Internet Casino Extension) Version 2.0, the latest gambling software from Atlantic International Entertainment, Ltd. (OTC BB: AIEE), is available now for Beta testing.

"We are pleased to announce the next generation in gaming technology with the availability of our new Version 2.0 of our ICE product," Atlantic President and CEO Richard Iamunno said. "Version 2.0 is the culmination of our experience in the marketplace. It offers the security and reliability of the client server environment and the ease of use of browser technology. We are confident that the market acceptance for this new product will be exceptional. In a market where the continual advent of new technology is commonplace we are fortunate that we have maintained both the high quality and support infrastructure such 'cutting-edge' products require on an international level. We intend to start installing the systems in late September and early October. We will also be announcing a new pricing format to coincide with the release our Version 2.0 to the marketplace."

Karen S. Welch, VP of Operations and General Manager, added, "The utilization of industry standard technologies, as well as the tremendous development team at AIE, were instrumental factors in delivering ICE Version 2.0 in record time."

ICE Version 2.0 will continue to offer state-of-the-art games, however, the sophistication of this version will feature no download time as a result of utilizing shockwave technology. The instantaneous nature of the product will produce a more fluid momentum consistent with live play in a casino/entertainment environment. In addition to slots, video poker and blackjack, roulette will be modified to include multi-player capabilities within the next month (along with keno). All Atlantic products use the latest SQL server and NT technologies to provide for complete backroom support, allowing for management to generate reports, review accounts, do audits and keep complete player ledgers. All data transactions are encrypted to afford state-of-the-art security.

AIE develops and markets interactive and private network transaction-based products for the casino, gaming /wagering and entertainment industries. The two flagship products offered on a global level include ICE and webSports, an Internet sports wagering software system. The company also offers an international sports information service product, and has plans to introduce Internet pari-mutuel and lottery-based products.

To access and play ICE, version 2.0, visit the demo through