Daily Nambling Notes - July 23, 2002

23 July 2002

Makin' Deals -- The Players Network will be acquired, pending due diligence and shareholder and regulatory approval, by Northfield Inc. , a Canadian company that is in the process of amassing gaming-related broadcast and media groups. The purchase is valued at US$4.16 million, or approximately 32 cents for the 13 million outstanding shares of The Players Network. Mark Bradley, president and CEO of The Players Network, said the company will continue to specialize in gaming content for TV and the Internet as a wholly owned subsidiary of Northfield. "Players and Northfield share the vision of creating an international media brand for the gaming enthusiast," he said. "I am excited by our opportunities for the future and the ability to significantly expand our business." … Virtual Gaming Enterprises Inc. , which holds a master gaming license in the Commonwealth of Dominica, is entering a development agreement with InfoFlash.com to redesign the VTGE sites and launch five new gaming sites. By the end of the redesign, Virtual Gaming Enterprises will have 22 gaming sites in its portfolio. "The agreement with Infoflash.com gives us a competitive technology advantage for simulated gaming over the Internet using flash games for desktops, laptops, PDAs and pocket PCs," said VTGE CEO Virgil G. Williams. "The synergy between both our companies gives us the opportunity to streamline our infrastructure, (and) lower our cost, which increase our overall profit potential."

New Stuff -- Global Entertainment Holdings/Equities Inc. said Tuesday that its subsidiary, Interactive Gaming and Wagering, is entering an agreement to launch a horse race betting section for one of its licensees, www.VIPSPORTS.com. The site already offers sports betting and casino games.

Anne Lindner can be reached at anne@rivercitygroup.com.