Here's the news that will have IGNIF and GLOW sky rocketing with their next earnings report. Already the Wall Street Research Group has a Strong Buy for the internet gambling stocks. They're on the brink of making serious headway into the global gambling industry. IGNIF and GLOW is especially well positioned b/c not only do they have great sites, they are also the suppliers of the software for this sector. Remember Cisco and the Internet stocks? We'll how much growth potential is there in the internet gambling? Imagine these company taking a small percentage of each game or bet or winnings. That can amount a huge revenue as more and more people are utilizing their sites.
Here's the beginning of great news coming out for IGNIF. Check it out for yourself!
Internet Gaming Founder to Join IGN's Board of Directors
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 18, 1999-- Internet Global(VSE:IGN. - news; OTC Bulletin Board:IGNIF - news) IGN Internet Global Network Inc. (NASD OTC BB - IGNIF; VSE - IGN) is pleased to announce that Warren Eugene has agreed to join the company's Board of Directors.
Featured in Time Magazine (June 1995) and in the Wall Street Journal, Eugene, 37 years old, is widely considered to be the pioneer of the Internet gambling industry. In an interview with GQ Magazine (June 1998), it was noted that he is ``The Captain of the Invisible Industries''. Eugene was also recently featured in Playboy (November 98), where he was described as the head of ``a small but growing group of young gambling moguls''.
Eugene advises that he was the first to accept an online wager and estimates that, by the end of 1998, companies he has been involved with had electronically transacted in excess of US$700 million. Eugene has been recognized by many as one of the grandfathers of electronic commerce and he has created several electronic banking software applications that are in use by licensees.
Along with his extensive experience in the Internet gaming industry, Eugene also brings to IGN his worldwide financial and business contacts. With the recent announcement that IGN intends to license its award-winning Internet gaming software and its financial transaction-processing system to third parties around the world, the company is excited to have Eugene join the Board.
IGN's Casinos of the World (www.casinosoftheworld.com) features a full complement of popular casino games, including blackjack, video poker, roulette, video keno and various slot games, including single-line slots and the only eight-line slots on the Internet. Casinos of the World also features large progressive jackpots. Casinos of the World's gaming software has won numerous industry awards, including The Gambling Registry's ``Golden Seal Award'', a ``5 Aces award'', and Game Royal's highest honor, its ``5 Cards award''. *****Why IGNIF will be a winner!*****
The potential of the Internet continues to increase each week. With only 25 percent of US households having access to the Internet, this figure, according to research firm Jupiter Communications, is expected to increase to 55 percent in four more years. Forrester Research recently estimated that worldwide Internet commerce could reach as high as $3.2 trillion in 2003. The 1998 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.