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AngelCiti Announces Plans to Dividend out Shares

AngelCiti Entertainment, Inc. (OTCBB:AGEL) announced that management has decided to dividend out a portion of the shares to be held by the company in Midas Entertainment, Inc. as a result of the spin-off of the company’s online poker operations. The Midas Entertainment acquisition is anticipated to close by the third week in July. The online poker industry has grown over 700% in the past year according to statistics provided by PokerPulse.com, with billions of dollars to be wagered at online poker websites this year.

"We have received a tremendous amount of feedback from the shareholders indicating their interest in owning shares in both companies," noted AngelCiti President George Gutierrez. "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. The two separate companies will provide the market with even better information and we should be rewarded with a higher stock price and higher shareholder value, as both separate companies continue to markedly improve their performance."

Poker’s tremendous growth and attraction has been evidenced by such show’s as Celebrity Poker and the Travel Channel’s 13-week WORLD POKER TOUR series, which was a huge ratings success on television, quickly becoming the highest-rated programming on that network in 2003.

Read the entire article at: PrimeZone.com 

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