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Company Press Release
Simulator Systems to Enter Internet Gaming Industry
PORTLAND, Ore.--(BUSINESS WIRE)--April 15, 1999--Simulator Systems Inc. (OTCBB:SIMMD) announced today that the Company is positioning itself to profit from the fastgrowing Internet gaming industry under the new name Casino Pirata.com.
Casino Pirata.com will be a theme based Casino and Sportsbook that will offer Las Vegas style casino games such as blackjack, roulette, pai-gow, and craps along with wagering on professional sporting events such as the NFL, NBA, NHL, and Major League Baseball.
The Casino & Gaming Business Market Research Handbook predicts that the Internet gaming market could reach US $100 billion to $US 200 billion in annual revenues by 2005. Currently, Internet gaming companies such as Starnet Communications (OTC BB:SNMM), YouBet.com (OTC BB:UBET) and Bingo.com (OTC BB:BIGG) are benefiting from the huge popularity of online wagering. With this in mind, Casino Pirata is expecting to be fully operation in April located at www.casinopirata.com.
Casino Pirata has established strategic alliances with WorldNet Gaming (OTC BB:RIHI), the leader since 1996 in developing casino games and SBG Global, one of the largest offshore sports betting operations in the world.
Casino Pirata's website is graphically enhanced and easy to navigate. In addition to offering games found at traditional Las Vegas casinos such as MGM Grand (NYSE:MGM - news), Mirage Resorts (NYSE:MIR - news), Circus Circus (NYSE:CIR - news), Harrah's Entertainment (NYSE:HET - news), the website will offer players secured credit card transactions as well as languages in French, Spanish, German, and Italian in order to accommodate players from all over the world.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press
Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
FMC, Longwood, Fla.
Jennifer Thompson, 407/696-2221