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Tuesday 15th June 2004
George Gutierrez, president of AngelCiti, has announced an agreement to acquire control of online poker company, Midas entertainment. In a statement released today he said: 'This is the first step in fully separating the Company's two distinct businesses,' remarked AngelCiti president George Gutierrez. 'The Company is close to finalizing material financing dedicated to the growth and development of the online poker company, which has proven attractive to investors given poker's astounding popularity.”
Midas is certainly an apt name for an online poker company in an industry, which, according to PokerPulse.com, has grown over 700% in the past year, and Gutierrez is optimistic about the future:
“Midas will begin a major marketing campaign this fall to capitalize on the peak months for online gaming to significantly grow the company's presence. Management anticipates that Midas Entertainment will generate millions of dollars in revenues over the next 12 months as a stand alone company, materially enhancing AngelCiti's market value and market exposure.'
AngelCiti's wholly owned subsidiary Worldwide Management provides gaming software to numerous online casinos and currently services casinos in English, Spanish, German, Chinese and Japanese as well as providing software for Sharkpoker.com.
Source: OnlineCasinoNews
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