GGNC Announces Grand Opening of Interactive Cyberbetz On Line Sportsbook Software: First Year Revenues Estimated at $14 Million

Business Wire, Nov 23, 1998

LAS VEGAS--(BUSINESS WIRE)--Nov. 23, 1998--GIC Global (OTC BB:GGNC) November 23rd, 1998: GIC Global Intertainment Corporation, (United States OTC BB: GGNC) a high technology entertainment and marketing company that markets an online sports book and casino at www.cyberbetz.com, announced today that it has begun beta testing of its interactive on-line sports book. The entire interactive on line sports betting system (which allows on line sports betting on any sports using credit cards in real time) will be fully operational by November 28th, 1998.

James Chu, president and CEO stated "We have been anxiously awaiting the arrival of this interactive on line sports book software. This is a feature that has been in demand from our clients since we came on-line in September. The introduction of this interactive on line sports book will not only be exciting for our existing client base, but it will allow us to capture a much bigger percentage of the on-line sports betting market overall."

GIC anticipates that its first year revenue obtained from the interactive on line sports book will be approximately U.S. $15 Million with profits of U.S. $3.75 Million.

GIC Global Intertainment Corporation. is a high technology entertainment and marketing company that searches for proven state of the art technologies that are directly linked to the Internet, specifically in the area of Internet gaming.

For additional information, see Wall Street Research Group's "recommended buy" listing at www.superstocks.net/gicglobal or call 1-800-943-2298.

The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from GIC's expectations