AngelCiti Entertainment, Inc. (BB: AGCI) is officially our 43rd fully profiled stock for our storied home page at www.*************.com. Our profile price at about $1.10 per share is considered by us to be ideal for accumulation based on many technical and fundamental factors. We are proud to release this information during trading hours today, and we believe that percentage gains in AGCI will compare to those we have seen in our last three monthly focus stocks.
Fundamentally, solid valuation can be seen just in AGCI”s ownership position in Midas Entertainment, Inc. (PK: MDAS). AngelCiti currently owns 3.1 million shares of MDAS which now trades at over $8.00 per share (a valuation of about $25 million). AGCI recently announced that a dividend of one share of MDAS will be paid for every seven shares of AGCI owned by a shareholder. Following payout of the dividend which is expected to take place within the next few weeks, AGCI will retain about 2.1 million shares of MDAS currently valued at over $16 million.
In essence, shareholders will receive stock in MDAS with an approximate value of over $1.00 per share in AGCI stock, while retaining ownership of AGCI which will hold a remaining interest of 2.1 million MDAS shares (The 2.1 million MDAS is worth over $2.00 per share based on the current MDAS price and AGCI share structure). The Green Baron Report believes the additional ongoing assets and business plans of AngelCiti add significantly more value to this stock. More on this will be addressed later.
AngelCiti spun off its online poker operations in July of 2004 to Midas Entertainment, Inc. for an approximate 15% stake in Midas so that it could focus on its core operations. MDAS has in turn experienced tremendous growth since it began it core operations. Online poker continues to grow at the fastest pace of any online wagering sector. The Green Baron Report has some degree of caution that MDAS stock can maintain its meteoric rise, but based on the continued increased popularity of the online poker industry, the estimated huge valuation of industry leader PartyPoker.com, and the potential gains in AngelCiti’s core operations, we believe AGCI remains vastly undervalued at these levels.
Technically, AGCI has found solid support at levels at about .75 to .85 per share (The first trading day of the year on January 3, 2005 is the only day that AGCI has traded below .75 per share). We see a break of over $1.25 per share will establish AGCI in an uptrend, and we do not see much resistance below $2.00 per share. Although we do not provide precise target levels, we see many reasons to support a trading price in AGCI at $4 to $5 per share today.
Please Note: Percentage gains on our home page in AGCI common stock from The Green Baron Report’s profile price to the subsequent high will take into account stock dividend distributions after they have been paid to AGCI shareholders.
About AngelCiti Entertainment, Inc.
AngelCiti Entertainment, Inc. (BB: AGCI) is an online casino software licensor that is focused on acquiring interests in companies that provide software to the online gaming industry. The online gaming market has been booming since its inception and continues to expand at a rapid pace, particularly the online poker market that has grown more than 1000% in the past 20 months and represents a greater that $5 billion industry.
AngelCiti currently retains 3.1 million shares of Midas Entertainment (PK: MDAS). Midas is part of the Prima Poker Network, and since Midas joined Prima Poker, Prima has moved up from about the 7th or 8th position to a very solid 3rd industry position. Party Poker and PokerStars remain the industry leaders. The recent announcement by PartyPoker.com to explore the possibility of going public at a valuation to be more than $4 billion, and the acquisition of ParadisePoker.com by Sportingbet.com for over $300 million continues to create excitement to online companies like AngelCiti.
AngelCiti continues to pursue opportunities in its core online casino software business, which represented a Net Win of over $3.89 million on more than $125 million in wagers since its inception two and a half year ago. It has a pending acquisition of Carib Gaming, the largest land-based gaming operator in the Turks & Caicos Islands with slot machines in over 22 locations and is projected to add in excess of $3 million in annual revenue to the Company in 2005. The acquisition would provide a synergistic combination of online and land based gaming, and would help AngelCiti achieve a listing on the Amex or Nasdaq small cap stock exchange. AngelCiti entered into a Letter of Intent to acquire Carib Gaming in January 2005, and entered into a definitive Merger Agreement in March 2005. An update on this acquisition is expected soon.
The Company currently provides software to casinos in languages including English, Spanish, German, Chinese, and soon French (see announcement on May 24). AngelCiti has also recently added multi-currency wagering options to casino players so they can universally enjoy their online entertainment without currency confusion. From inception in May 2002 though September 30, 2004, AngelCiti has had more than 156,000 downloads of its software, signed up over 58,000 players, and has garnered over 2,000 affiliates to drive traffic to its customers websites as part of its aggressive affiliate program. Moreover, AngelCiti operated casinos have been voted Best Online Casino in the Insider’s Betting Digest, voted Best New Online Casino in the Gambling Online Magazine, and featured in Casino Player Magazine.
Recent Announcements
May 25, 2005 – AngelCiti Plans Additional Stock Dividend in Midas Entertainment to Shareholders - AngelCiti Entertainment announced that management has decided to dividend out additional shares in Midas Entertainment, Inc. (PK: 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 one share of Midas Entertainment for every seven shares of AngelCiti owned by a shareholder. The record date will be set within the next few weeks.
George Guiterrez, president of AngelCiti Entertainment, stated, "We have received a tremendous amount of positive feedback from the shareholders after the initial dividend and wanted to reward our shareholders for their continued belief in the ongoing development of our company. 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."
Poker's tremendous growth and attraction has been evidenced by such shows as Celebrity Poker and the Travel Channel's World Poker Tour series, which has been a huge ratings success. NBC has recently begun televising poker events as well. Last year's World Series of Poker champion walked away with a world record prize of over $5 million, out of $49 million in total prizes, more than double the prize values awarded in 2003. The 2003 champion also earned his seat by winning an online tournament.
May 24, 2005 – AngelCiti Announces Addition of New Games and Plans for French Language Websites - AngelCiti Entertainment, Inc., an online casino software licensor, announced the recent popular addition of 3-reel Australian slot machines (Ronin, Aztec's Treasure and Goldbeard) have been an even bigger hit than anticipated, and plans to include French as a new language in order to more effectively target European gamblers. AngelCiti already offers multi-currency options enabling people to wager in the currency of their home country.
"Innovation is a key way to stay competitive in the online gaming market," commented George Guiterrez, president of AngelCiti Entertainment. "While we are focused on the corporate transactions on hand such as the acquisition of Carib Gaming, we continue to strive and heighten the online entertainment experience in our software. We have seen a nice jump in wagers this year and anticipate that the growth of players worldwide will continue to add to the bottom line."
April 29, 2005 – AngelCiti’s Software Obtains Certification - AngelCiti Entertainment, Inc. announced that Technical Systems Testing (TST), an internationally recognized accredited testing facility, whose esteemed client roster includes International Game Technology (IGT), Aristocrat, Mikohn and the Michigan, Massachusetts, D.C., and Ontario Lotteries--to name a few--has certified that the Random Number Generator (RNG) used in the AngelCiti-licensed software is deemed to be fair and random.
TST's fully independent and impartial testing procedures ensure that the software systems and equipment that operate today's most trusted gaming destinations are certified to the strictest standards of technical compliance. Gaming applications that bear the TST seal of certification accord end users with the assurance that the game being played is both random in outcome and fair in operation.
AngelCiti President George Gutierrez stated, "This marks another step in our evolution. Certification of the integrity and fairness of online gaming software is critical because it is important for players to know and understand that they are playing online with the same true odds they would receive in a land-based casino. This accomplishment should assist us considerably in our ongoing marketing efforts."
April 26, 2005 – AngelCiti to Redeem Outstanding Loan and Retire Collateral Shares - AngelCiti Entertainment, Inc., an online casino software company, announced that the Company has reached agreement with its lender to retire the outstanding $300,000 loan under its Revolving Credit Agreement, plus all interest and any other amounts accrued hereunder. In addition, AngelCiti will retire 25.6 million of the shares that had been held as collateral in conjunction with that loan. The result of this transaction will leave AngelCiti with approximately 6.5 million common shares issued and outstanding. The effective date of this transaction is May 20, 2005.
AngelCiti President George Gutierrez stated, "This immediately eliminates all but deminimus debt from our balance sheet and further eliminates the uncertainty of having a large block of shares outstanding collateralizing the loan. This is the first step in our progress toward completing the acquisition of Carib Gaming and we anticipate providing investors with additional information on that transaction in the near future."
Green Baron Conclusion
It’s hard to spin through cable channels on television and not see at least one station televising Texas Hold’em or another poker game with professional players or celebrities vying for the top prize. The popularity channeled to online poker sites such as the leader PartyPoker.com is just phenomenal. The industry has seen some consolidation already, and a leading company like the Prima Poker Network could see suitors and continued huge growth.
The Green Baron Report believes AngelCiti stock will begin a major upswing. Its software has recently received certification to be fair and random, the value of its MDAS holdings is significant, there is strong underlying technical support, a large stock dividend is coming any day, and the acquisition of Carib Gaming should bring revenues and synergies to make AGCI a stock worthy of a better exchange listing. We believe the Company’s attendance a conference sponsored by the National Investment Banking Association less than two weeks ago was likely beneficial to the Company.
Posts: 3 | Registered: Jun 2005
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Question that another member raised, what do you guys think will happen when they start paying dividends? Or have they already started? What are your pps predictions?
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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AngelCiti Reaches Agreement with Basic Investors for $3 Million Commitment to Finance Carib Gaming Acquisition
PEMBROKE PINES, Fla., June 2, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTC BB:AGCI.OB - News), an online casino software company, announced today that it has entered into a Business Consulting Agreement with Basic Investors and has agreed to a term sheet providing $3 million in funding towards the Company's slated acquisition of Carib Gaming. Carib Gaming is the largest gaming operator on the fast growing Turks and Caicos Islands and has operations in 23 locations island-wide. ADVERTISEMENT
AngelCiti President George Gutierrez stated, ``We are ecstatic as we take our next key step towards completing our acquisition, which will instantly make the company quite profitable. This also serves as the future model for other similar acquisitions, for which we have recently been offered as well. Finally, we are proud to announce that the financing will be upon terms we consider quite favorable and which will preserve and enhance shareholder value both in the short and long term. The financing and acquisition are truly landmark next steps in the positive evolution of our company.''
Posts: 3 | Registered: Jun 2005
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PRESS RELEASE: AngelCiti Entertainment, Inc. Co-Founder Larry Hartman to Conduct Webcast with *************.com
AngelCiti Entertainment, Inc. Co-Founder Larry Hartman to Conduct Webcast with *************.com
PEMBROKE PINES, Fla., June 3, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, today announced that Larry Hartman, Co-Founder of AngelCiti Entertainment, Inc. will conduct a CEO Webcast so that shareholders and the investment community can learn more about the current and future prospects of AngelCiti Entertainment. The webcast is conducted by Evergreen Marketing, Inc. and will be available to the general public on June 7, 2005 on The Green Baron Investors Society´s website at www.*************.com.
The CEO Webcast with Larry Hartman, Co-Founder of AngelCiti Entertainment, Inc. will be conducted by Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at www.EvergreenMarketingInc.com and www.*************.com.
About AngelCiti Entertainment, Inc.
AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. The online gambling market has been booming since its inception and continues to expand at a rapid pace. Industry experts estimate that total gaming revenues could grow from $4.5 billion in 2002 to more than $10 billion by 2005 (source: Christiansen Capital Advisors). AngelCiti´s wholly-owned subsidiary Worldwide Management provides gaming software to online casinos including SharkCasino.com, and currently services casinos in English, Spanish, German, and Chinese. For more information, visit http://www.angelciti.com. AngelCiti owns 3.1 million shares in Midas Entertainment, Inc. (Pink Sheets:MDAS), a publicly traded online poker software company. Recent estimates from industry insider PokerPulse.com note that over $200 million is wagered at online poker sites daily.
This news release contains forward-looking statements regarding AngelCiti´s business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The company´s risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the Internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and AngelCiti disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in AngelCiti´s expectations or future events.
CONTACT: AngelCiti Entertainment, Inc.
Evelyn Fallas
(800) 908-9574
Evelyn@angelciti.com
(END) Dow Jones Newswires
June 03, 2005 11:01 ET (15:01 GMT)
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER Posts: 363 | From: Belgium | Registered: Dec 2003
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i might be i have to do more dd there is a few questions i am going to research out first but it looks pretty good so far
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Yes, that is true. The MDAS stock dividend that will be paid to shareholders of AGCI will be restricted.
The Green Baron staff -------------- Original message --------------
hi, a question about midas ent. that is being offered as a stock dividend by angel citi your pick of the month. rumor has it on many bb's that midas stock that is offered is restricted and cannot be traded until march 2006 is this true?
kindest regards ray bond
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Just listened to the webcast, it was very good! Anyone have any other thoughts on it?
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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Not a lot of new stuff if you ask me in that webcast. He's still talking that the MDAS dividens will be for the next weeks, so not for the near future.
Posts: 363 | From: Belgium | Registered: Dec 2003
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Short term and long term MA's are having a little conversation. The price still has support, looks like the short term MA is wanting push upward.
-------------------- w i k i s t o c k . c o m Posts: 234 | From: Gainesville, FL | Registered: Feb 2005
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Is that why the stock is dropping in your opinion?
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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This will be my third dividend of MDAS, and yes the shares are all restricted. I am holding long because i feel the acqusition of Carib Gaming Angel will operate in the black. It sounds to me like marketing has a huge impact in the bottom line operating expense, however Angel has cash to operate for several months IMHO. I holdin longer. Averaged down to 70 cents holdin 16000 shares
Posts: 12 | From: mahtomedi | Registered: Oct 2004
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AngelCiti Sets Date for Additional Stock Dividend in Midas Entertainment to Shareholders
Distribution Source : PrimeZone Media
Date : Tuesday, June 28, 2005
PEMBROKE PINES, Fla., June 28, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online software licensor, announced today that management has picked a date for the previously announced dividend of shares in Midas Entertainment, Inc. (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. Midas Entertainment is an online poker software company whose software fuels such sites as CityPoker.com, DesertPoker.com and SharkPoker.com This comes on the heels of yesterday's extremely successful IPO by Partygaming, the largest online gaming poker company, which was valued the company at $8.5 billion, and whose stock rose 9% on its first day of trading. This announcement also coincides with the current World Series of Poker in Las Vegas, the previous two winners of which earned their entry by winning poker tournaments online. ADVERTISEMENT
The dividend will be one share of Midas Entertainment for every seven shares of AngelCiti owned by a shareholder. The record date will be for shareholders of AngelCiti stock on October 26, 2005. Midas was spun off from AngelCiti in July 2004 and AngelCiti retains a stake in Midas of over 3.1 million shares prior to this dividend.
George Guiterrez, president of AngelCiti Entertainment, stated: "We have received a tremendous amount of positive feedback from the shareholders after the initial dividend and wanted to reward our shareholders for their continued belief in the ongoing development of our company. 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."
Poker's tremendous growth and attraction has been evidenced by such shows as Celebrity Poker and the Travel Channel's World Poker Tour series, which has been a huge ratings success. NBC has recently begun televising poker events as well. Last year's World Series of Poker champion walked away with a world record prize of over $5 million, out of $49 million in total prizes, more than double the prize values awarded in 2003. The 2003 champion also earned his seat by winning an online tournament. The winner of this year's World Series is estimated to walk away with $10 million.
-------------------- w i k i s t o c k . c o m Posts: 234 | From: Gainesville, FL | Registered: Feb 2005
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Press Release Source: AngelCiti Entertainment, Inc.
AngelCiti Reports a 28.5 Percent Jump in Third Quarter Results Tuesday October 18, 7:00 am ET
PEMBROKE PINES, Fla., Oct. 18, 2005 (PRIMEZONE) -- AngelCiti Entertainment, Inc. (OTC BB:AGCI.OB - News), an online casino software company, announced today that it had a gross net win of $270,841 and an overall handle of $6,994,216 for the third quarter of 2005 as compared to a gross win of $210,654 and an overall handle of $5,189,873 for the 2nd quarter of 2005.
We're pleased to again be showing a positive trend from our core operations and fully expect to continue to carry that trend into the fourth quarter,'' remarked George Gutierrez. ``The tide of the meteoric rise of online poker seems to have subsided, resulting in players returning to their old forms of online entertainment, such as online casinos. That, combined with re-focused marketing efforts and new games provided by our software seems to be garnering additional customers and play to our platform.''
The Industry
Revenues from online gambling are expected to soar from $12 billion this year to $24.5 billion in 2010, according to Christiansen Capital Advisors, a Maine-based consulting firm. A recent article in the Toronto Globe and Mail estimates that in the past five years, online gambling has grown threefold, into a $12 billion-a-year business, and InformaMedia Group, which tracks electronic gambling, predicts that online gaming revenue will even reach $14.5 billion by next year.
-------------------- w i k i s t o c k . c o m Posts: 234 | From: Gainesville, FL | Registered: Feb 2005
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