VentureTech to Acquire Cyberdome Entertainment; Expands Online Gambling Business and Adds Internet Video Game Tournament Network.
All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. and Cyberdome Entertainment Inc.
The above statements in regard to VentureTech, Inc. We will now be able to send this traffic to the Cyberdome website and receive qualified leads in return. Players at the online site will be provided with incentives to visit the locations of the company’s network affiliates. 14, 1999–
VentureTech, Inc. (“Cyberdome”), a privately held company located in Ottawa, Ontario, Canada. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes. Closing of the acquisition is expected to take place in early January 2000. “Significant website traffic for our casinos comes from North America and, due to the uncertain legal environment for online gambling, we have chosen not to accept players from Canada or the U.S. .
“Cyberdome complements our existing online gambling business and fits into our strategy of becoming a leading online gaming and entertainment business,” stated William Baker, C.F.O. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including VentureTech, Inc. In addition, it has developed a line of “cyberpod” video game machines which enable the participant to enjoy a multiplayer game not only with players in the same facility, but with those in other facilities and at home on the internet.
In order to acquire Cyberdome, the Company will issue convertible, retractable, preferred shares. “VentureTech’s experience in developing and marketing online casinos in a highly competitive environment will be invaluable. is a high technology investment and finance company that commercializes leading edge technologies for emerging markets with a focus on internet related opportunities. “We have positioned the company to enjoy strong revenue growth over the next few years, not only from existing operations but from new initiatives coming on stream,” stated Hutchingame. Cyberdome Entertainment Inc’s beliefs, expectations, hopes or intentions regarding the future. This will provide the Company with new avenues for attracting international players who can play for real money at its recently launched E-Casinos (www.ecasino.com or www.asiacasino.com) utilizing gaming systems licensed from Starnet Systems International Inc., a subsidiary of Starnet Communications (OTC: BB SNMM).”
Revenue for Cyberdome is forecast to be approximately US$620,000 for 1999.
Investor Relations: Toll-Free (800) 488-7151 or visit www.vteh.com.
“We are excited to have found a partner who understands the online gaming business,” stated Eric Hutchingame, C.E.O. of VentureTech. CyberDome operates the futuristic 25,000 square foot “CyberDome Virtual Reality Theme Park” in Eastern Ontario’s largest indoor mall. of Cyberdome. The site will feature tournaments among online and onsite players for cash prizes. (OTC BB: VTEH), (`the Company) a US Corporation, has signed a letter of intent to acquire CyberDome Entertainment Inc. “We believe that by setting up the tournament network and by providing a seamless integration of online and onsite play, we will attract a large membership for the website, with demographics which will be very desirable to advertisers.”
VANCOUVER, British Columbia–(BUSINESS WIRE)–Nov. Alliances with other LBE’s will promote the website to the predominantly Generation X members of those locations.
Cyberdome intends to become the leader in online/onsite multiplayer (non gambling) gaming and will officially launch its gaming website, cyberdomeonline.com in the first quarter of 2000. In North America there are approximately 3,500 LBE’s with an estimated 14 Million members. Future revenue will be derived from the operation of its facility, sales of cyberpods, tournament fees, website advertising and e-commerce. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. This Location Based Entertainment Center (“LBE”) features motion simulators, virtual reality rides, interactive games, laser tag arena, etc.
VentureTech, Inc. Industry revenues for both online and onsite entertainment are expected to exceed $11 Billion next year and we see significant growth potential,” he further stated
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