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B2Digital Closes on EuroSwiss Gaming
BEVERLY HILLS, Calif., Jan 24, 2005 (BUSINESS WIRE) -- B2Digital, Inc. (OTCBB:BTWO), a provider of Pay per View and Interactive Digital Services to the hospitality industry announced today that it has opened a new off shore division to facilitate the purchase of EuroSwiss Gaming, in the Turks and Caicos Islands, a relatively new licensed online poker and gaming operation under the umbrella of IOG Casinos, Antigua. http://www.euroswissgaming.com
B2Digital President Robert Russell stated, "This is an online gaming site with proprietary software that fits well with our current hotel package and affords us entry into this high growth, primarily off shore sector. Online poker grew more than 700% last year, according to recent statistics, to over 4 billion dollars that was wagered online last year. In fact, to capitalize on this high growth sector, we have hired a separate operational team to fully pursue online gaming strategies; while we maintain focus on expanding our hotel business`s Software package to now include `gaming where legal` this benefits shareholders as it will create additional income from many of our properties through Hoteliers internationally as it gives us a distinctive marketing advantage."
The tremendous growth and attraction of poker has been evidenced by such shows as Celebrity Poker and the Travel Channel`s 13-week WORLD POKER TOUR series, which was a ratings success on television, quickly becoming the highest-rated programming on that network in 2003 and 2004.
The 2004 winner of the World Series of Poker walked away with a world record prize of over $5 million, out of $49 million in total prizes, more than doubling the prize values awarded in 2003.
A Bear Stearns report for the industry pegged annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly rosier picture pointing to an estimated $4.5 billion in revenue for calendar year 2004, saying 2005 revenue could exceed $10 billion. www.PokerPulse.com estimates that approximately over $150,000,000 is wagered at online poker sites every day (24/7).
About B2Digital, Inc.
B2Digital, Inc. is a provider of video-on-demand and pay-per-view services to the hospitality industry with over 10,000 rooms now deployed in the United States alone. The Company is currently marketing hi-speed Internet access and VOD products, including wi-fi and now in room gaming where legal. The Company can now offer licensing of online poker and gaming software to the hotel industry worldwide. B2Digital is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please visit http://www.b2digital.com or http://www.euroswissgaming.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company`s future performance. Such statements are based on management`s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company`s Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
CONTACT: B2Digital, Inc.
Robert Russell, 310-281-2571
James Wexler, 480-221-8080
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