AIEE Signs Deal with Intercapital Canada

14 April 1999
Atlantic International Entertainment, Ltd. (AIEE) has signed a deal to license its multiple ICETMand webSportsTM systems to Intercapital Canada, a subsidiary of Total Entertainment Inc.

The games will be offered by Intercapital at its "" and "" websites. The agreements represent revenues of over $200,000 with reoccurring revenue streams anticipated to exceed $1million during the term of the agreements.

Atlantic President and CEO Richard A. Iamunno believes the deal is a big plus for both companies. "Total Entertainment, Inc. is a leader in the Internet gaming and wagering industry and has a proven track record of providing quality gaming products to their player base," Iamunno said. "With the addition of the Atlantic software, Total Entertainment, Inc. will upgrade and expand on the features it currently offers its player base. … The new site will provide an exciting forum for the Asian player base that the company is now targeting. Atlantic will work closely with Intercapital to ensure a quality product to the rapidly growing Asian online gaming market."

"The agreements between Total Entertainment and Atlantic International Entertainment will enable to become more competitive within the gaming industry, as we will be offering a state of the art gaming system that uses shockwave and downloadable games," Total Entertainment Inc. President Mitchell Brown said. "With the additional games that Atlantic will provide, our revenues will substantially increase."

Atlantic International Entertainment, Ltd. (OTC BB AIEE) develops and markets Internet and private network transaction based products, including global turn-key Internet Casino ExtensionTM (ICETM), for licensed casinos; webSportsTM, an Internet sports wagering system; Lotto MagicTM a lottery system for private, government and fund raising purposes; and Bingo BlastTMfor charity and private organization use.