Midas Entertainment

- 09/11/2004 16:09

claxm04 N° messaggi: 1 - Iscritto da: 01/8/2001

Midas Entertainment Processes Over $1.77 Million in Transactions in Its Initial Two Full Months of Operations

Tuesday November 9, 7:00 am ET

DAVIE, Fla., Nov. 9, 2004 (PRIMEZONE) -- Midas Entertainment, Inc. (Other OTC:MDAS.PK - News) announced that it has taken over $21 million in bets, processed more than $1.77 million in transactions and generated in excess of $370,000 in revenue during its initial two full months of operations. To date, the company has acquired over 8,400 players playing through the Company's web portal licensees. October trended higher over September and the addition of new portals is expected to accelerate that trend over the next several months.

``We are frankly amazed by the early numbers we are generating as a company,' remarked Midas President George Gutierrez. ``The online poker market has grown over 700% this past year and continues to expand month-over-month. The incredible popularity of live high-stake poker tournaments, televised poker tournaments, and the excitement of honing one's poker skills appear to be major attractions to fueling this growth. Moreover, the demographics for online poker appear to encompass a more mainstream population than that for online sports and casino wagering, providing a much larger pool of players from which to generate revenue.'

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