Aggressive investors need to watch AngelCiti Entertainment (OTCBB: AGEL) this morning! Yesterday after the markets closed, the company issued a press release stating that its wholly owned subsidiary Worldwide Management announced that gross net win was up more than 102% in 2003 as compared to the third quarter 2002 and net handle was up almost 53%. "We pulled through with strong results during the slowest quarter of the year," remarked AngelCiti president George Gutierrez, "and have built up nice momentum as we head into the traditionally stronger months for the industry. Moreover, we have added additional revenue streams in the form of online Poker, The HouseWins.com and Gamblepack, which are not reflected in the foregoing results. We expect those sectors and our expansion into the Asian markets to have a greater impact on our overall revenue through the remainder of 2003 and into 2004."

The Industry could get exciting for investors! A Bear Stearns report for the industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling, predicts that online gaming revenue will even reach $14.5 billion by 2006.

Investors should keep an eye on this one!

AngelCiti's wholly owned subsidiary Worldwide Management provides gaming software to numerous online casinos including SharkCasino.com, SharkPoker.com and TheHouseWins.com, and currently services casinos in English, Spanish, German and Chinese.

Stocks showing interesting activity yesterday were: Universal Express Inc. (OTCBB: USXP) up 1% on 8.4 million shares traded, Liberty Media Corp. (NYSE: L) up .41% on 8.3 million shares traded, Sanmina-SCI Corporation even on 7.8 million shares traded and Fonix Corporation (SANM) up 35.3% on 5.5 million shares traded.

Commentary: "Corporate earnings peak was last week, but there are still five Dow Components reporting this week: American Express, International Paper, Proctor & Gamble, Boeing, and Exxon Mobil. Additionally, statistics out this week will include advance gross domestic product for the third quarter on Thursday. Economists think the economy grew an astounding 6.1% in the third quarter according to a survey by Macroeconomic Advisors," Stated Sonja Rudd in Wall Street News Alert` s daily commentary continued at: http://www.WallStreetNewsAlert.com.

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Originally posted by justplayin:
Moving up slowly on no news (10%+) and 500k traded.

Any Thoughts??

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