E-Casinos International Goes Live

19 July 1999
EuroAsian E-Casinos International Ltd. (E-Casinos), a subsidiary of Idaho-based VentureTech, Inc., has been approved by the Government of Antigua for an Offshore Virtual Casino Wagering License.

The Antigua-based international business corporation has already launched its first real-money Internet gaming website at www.asiacasino.com. This site will target the Asian gaming market, but will be accessible from all parts of the world with the exception of the United States and Canada, until laws regarding online wagering in these jurisdictions are clarified.

"With the launch of our first online casino, we can now begin to realize our vision of becoming one of the premier players in this industry." VentureTech CEO Art Rosenberg. "As a founding member of the Interactive Gaming Council, we expect to help set the standard by which all Internet gaming companies will be judged. Asia Casino is but the first step on a long road toward becoming a broad based gaming provider."

E-Casinos has licensed its software technology from Starnet subsidiary Softec Systems Caribbean Inc. Softec will supply E-Casinos International with a customized, full-service Internet gaming system, which will allow players to place wagers for real money. Games will include pari-mutuel racing, an international sportsbook and casino-style games.

E-Casinos International intends to operate multiple Internet gaming websites around the world with varying cultural themes to appeal to a broad spectrum of international players.

VentureTech is a high technology investment and finance company which licenses technologies for businesses, particularly those in the online in