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Most Recent Online Casino News

AngelCiti Plans to Distribute Stock Dividends

AngelCitiEntertainment, Inc. (OTC Bulletin Board: AGCI), an online casinos software licensor, announced today that management has decided to dividend out additional shares in Midas Entertainment, Inc. (OTC Pink Sheets: MDAS) held by the Company, to shareholders in order to allow them the added benefit of direct share ownership in the meteoric growth of the online poker industry.  The dividend will be 1 share of Midas Entertainment for every 5 shares of AngelCiti owned by a shareholder.

The record date will be March 23 with an issue date of March 25.  Midas was spun off from AngelCiti in July 2004 and AngelCiti retains a stake in Midas of over 4.6 million shares.  AngelCiti anticipates that it will continue to own over 3.5 million shares in Midas after the
dividend payout.

George Guiterrez, president of AngelCiti Entertainment, stated, "We have
received a tremendous amount of feedback from the shareholders indicating
their interest in owning shares in both companies.  This is a unique
opportunity for our shareholders to own a position in two companies with high
growth and return potential in a very hot segment of the market."

Guiterrez continued, "The decision to spin off Midas has benefited both
the online poker and online casino software operations and has resulted in
even greater market awareness and appreciation for both companies.  It has
also paved the way for AngelCiti’s pending acquisition of Carib Gaming, which
will further help to position the Company for added opportunities and
recognition."

Read the entire article at: PR Newswire

2004 Online Casino News Archive

 

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