ATLANTIC INTERNATIONAL Ligaz888 ENTERTAINMENT, LTD (AIEE) ANNOUNCES APPOINTMENT OF SENIOR VICE PRESIDENT AND GENERAL MANAGER

Boca Raton, Florida, December 10, 1997 – Atlantic International Entertainment, Ltd. (NASDAQ- BB- AIEE) announced that Karen S. Welch has been appointed as Senior Vice President of Operations and General Manager.

Atlantic’s President & CEO, Richard A. Iamunno stated that “Ms. Welch brings to Atlantic significant market knowledge, experience and a long record of successful projects. The addition of Karen Welch has underlined our commitment to expand the current management team and infrastructure while positioning the company to handle the increase in worldwide demand for our products and services”.

 

Karen Welch, stated that “I look forward to being a member of the Atlantic International Entertainment team, and the opportunity to share my experience and knowledge as AIE™ begins its’ new growth period. Karen Welch had worked for IBM Corporation for twenty years in various New York locations and Florida. She managed various software organizations, ranging from PC operating systems to embedded systems and formed a Business Development Organization, which marketed to Fortune 500 companies. Her management responsibilities have included development, service, support, marketing and business development. Karen most recently worked for CyberGuard Corporation as the Director of NT Development and Alliances and later as Director of Business Development.

 

AIE develops and markets Internet and Private Network transaction based products including global turn-key Internet Casino Extension™, (ICE™) for licensed casinos; webSports, its Internet Sports Wagering Product, Hotel Hotlinks, in-room gaming and entertainment system, realSports, an online sports information service and the Internet related product and services (The EmiNet Domain).

 

This press release contains potential forward-looking statements regarding the Ligaz888 Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain of such risks and uncertainties, we refer you to the documents that the company files from time to time with the Securities and Exchange Commission including 10K filed July 3, …