Gaining a licence and withdrawing an application

ATLANTIS GOES SOUTH

Atlantis Internet Group, based in Henderson, Nevada is a corporation specializing in the management of online casinos and the development of casino software. It offers management and product development criteria utilised by the Nevada and New Jersey gaming jurisdictions. Today it has announced that subsidiary Atlantis Gaming International (Australia) P/L has been granted a licence to supply approved gaming machines in Australia’s Northern Territory. The company sees this as a first step in its future as a distributor and developer/manufacturer of gaming machines.

Previously the company had applied for a Slot Distribution License in the State of Pennsylvania but has officially withdrawn from the bidding. Its decision was based on the attempts by Pennsylvanian legislators to change or eliminate the requirement under the present law and the fact that the state has failed to reach a decision on the regional division for distributor licences. Atlantis feels that the two factors could have a major effect on the economics of the application. It has not ruled out reapplying if the law is defined in the future.

Internationally the company's objective is to introduce the trademark and patent pending Jukebox Slots product through the Northern Territory and other jurisdictions in Australia, New Zealand and the UK. The company will also be able to test market its new products once they are approved or test its sales strategies on the approved machines that it distributes to an international market. It will seek the approval to introduce new slot content to the Australian market with products developed by its recent joint venture (Jukebox Slots, LLC) with development partner ID Interactive, a premier slot machine and content provider within the United States.

Atlantis Internet Group already develops a line of electronic games such as blackjack, craps, and roulette currently being used online in a Nevada Casino. The international market will allow the company to prepare for the future of slots and casinos, which is moving toward the use of other electronic games now being introduced in the global gaming market. The company sees itself as bridging the gap between traditional gaming casinos and online gaming. Atlantis Internet Group Inc. is one of the first companies to interface with online games and player tracking systems found on traditional floor slot machines.
(E-06.14.06)

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