Business Services Industry
Go Call Inc. Announces Purchase of Hollywood Online Casino.com, Inc. in Stock Deal
Business Wire, Dec 6, 2000
Business Editors
SAN JOSE, Costa Rica--(BUSINESS WIRE)--Dec. 6, 2000
Go Call, Inc., (Pink Sheets:GOCA) (www.gocash.com), is pleased to announce that it is aquiring 100% of the assets of Hollywood Online Casino.com, Inc. (www.hollywoodonlinecasino.com) for 750,000 shares of common Go Call stock plus additional shares based on various performance items. Hollywood Online Casino.com, Inc. has three sites operating at this time. A key part of the agreement provides contracts with well known celebrities from Hollywood and sports figures who have agreed to use their photos, likenesses, names, and personal appearances in promoting "their" sites and Go Cash. The agreement also provides for the President of Hollywood Casino to join the Company as the Director of Celebrity Promotions for Go Cash and will deliver more celebrities and exclusive advertising rights to Go Cash, Inc. Also included in this contract is an agreement with one of the most well known web development providers in the world, Global Interactive Communications, to provide web services to this new venture, (www.globalinteractive.com.) Global uses Starnet software for the casino implementation (www.starnet.com.) These sites will not accept wagers from the US market. The sites are currently available in eight languages.
James Palmer, CEO of Go Call Inc., said, "We believe this acquisition will offer an outstanding capability for Go Call to develop additional sites that will carry some of the best known names in the entertainment and sports fields. This agreement is providing five well-known names in sports and Hollywood entertainers who are already under contract with us to use their names in the promotion of our sites. We plan on having sites (Celebrity Casinos) built for each of these celebrities over the next four to eight weeks. Each site will be translated into eight different languages and come with a Sportsbook and Casino with 25 differently appealing table games. Each celebrity Casino/Sportsbook will have a theme developed around the personality and likeness of the Celebrity. Part of the contract with these celebrities calls for each to attend from two to twenty company functions per year, as well as plug their site and Go Cash in such forums as; LATE NIGHT WITH DAVID LETTERMAN (www.cbs.com/latenight/lateshow), THE TONIGHT SHOW WITH JAY LENO (www.nbc.com/tonightshow), ENTERTAINMENT WEEKLY (www.ew.com), THE TODAY SHOW (www.msnbc.com), etc. including radio, Internet, magazines, and newspaper interviews. Go Cash plans on having from 3-6 parties per year in New York, Las Vegas, Los Angeles, London, etc. These parties will coincide with Go Cash's celebrity sign-ups and keep our shareholders, and the investment communities updated on the company's developments. This is an exciting campaign that will provide one of the best advertising capabilities I have seen in this industry. Fueled by the combination of Internet Gaming and the incalculable value of celebrity power, I see this as a tremendous opportunity to promote our business by making us one of the most well known gaming providers in the world. Go Cash will build up to fifty Celebrity Casino web sites over the next eighteen months.
"Matthew DiTommaso is a highly talented individual who brings us a variety of skills, experiences, and connections that will be very useful in promoting these new sites. Matthew, in his roll as Director of Celebrity Promotions, is already actively engaged in negotiating with sports stars, Hollywood film stars, and television personalities to sign on with the company. Matthew brings not only the connections we need to acquire more celebrity names but he is also well connected in the Wall Street financial area which will help us with any additional financing we may need. Mr. DiTommaso will be occupying an office on Wall Street, where he is very much at home, having been a registered broker the past 15 years. We are pleased with the addition of Matthew to our team and I know he will give us the required direction to be the world leader in this marketing approach," said Mr. Palmer.
Mr. DiTommaso was quoted as saying, "I have spent the last few years putting this plan together and the acquisition by Go Cash is just what I have needed to enable my vision. I am currently in negotiations with a significant number of celebrities and expect numerous sign-ups in the very near future. I am very close to signing one of the top young stars in all of Hollywood, and major soccer star in Europe. I have been pursuing discussions with numerous investor relations, and stockholder public relations firms on behalf of Go Cash. I am currently pursuing funding deals with an investment banker, venture capitalists, and private investors to generate the funds needed to build and advertise the fifty Celebrity Casino sites we have planned."
Go Call Inc. is an Internet and E-commerce company. Its services include the processing of transactions for online gaming through its Go Cash subsidiary. Its customers include Charities Sports Book.com (www.charitiessportsbook.com), Bets On The Net.com (www.betsonthenet.com), Charities Bingo.com (www.charitiesbingo.com), and Go Scratch Tickets.com (www.goscratchtickets.com).
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