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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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