RIHI and WorldNet Gaming to Merge

19 February 1999
WorldNet Gaming Ltd. and Ranes International Holdings Inc. have reached an agreement to form a publicly traded company called WorldNet Casinos.com Inc. The new company will continue to provide Internet gaming software through the WorldNet GamingTM brand.

"The financial markets this past year, were dominated by Internet related stocks that demonstrated incredible gains for investors," WorldNet Casinos.com President Kelly Arruda said. "Now we plan to offer our investors the same opportunity--with the added attraction of being in the fastest growing segment of E-commerce. … We feel that this attention to Internet stocks combined with our high quality casino software products, will only help fuel interest in WorldNet Casinos.com."

For additional information on WorldNet Casinos.com, visit http://www.worldnetcasinos.com.