WE HAVE NEWS!(Applies to: CTORF)
Creator Capital Expands Interests in Asia
HAMILTON, Bermuda, Nov 1, 2001 (BUSINESS WIRE) -- Creator Capital (OTCBB:CTORF)
As China's booming economy experiences a major upswing in growth, so does the
demand for recreational activities, fueled by an increase in the average
consumer income.
This has created a major interest in the countries' sports lotteries. In view of
this fact, Creator Capital Limited ("CCL") has acquired a number of additional
lottery operations in China, which include Sports, Olympic and Soccer Lotteries.
With regard to other regions of Asia mentioned in the previous release, CCL's
Asian representatives are in discussions with the Vietnamese government to
create similar lottery operations in Vietnam (population 70 million). To date,
Vietnam has not had a Lottery system, thus CCL's proposed operation would be the
first such introduction.
CCL will also be presenting a similar proposal to the Malaysian government to
set up sports lottery operations within that country (population 30 million).
An essential component of CCL's strategic business plan includes participating
in these types of revenue producing opportunities, as the need for large amounts
of capital investment in R&D, or the acquisition and maintenance of inventories
is not required.
Initial indications show that CCL's primary Chinese interests are being very
well received.
CCL has also received further enquiries regarding the Sky Games Interactive
Gaming System. This interest is significant, in view of the current financial
state of the airline industry.
About Creator Capital
Creator Capital Ltd., a Bermuda exempted company, along with Harrah's
Entertainment Inc., introduced the in-flight interactive gaming experience to
international airline passengers as a method of creating additional revenues for
airlines in 1998. Creator Capital's two products are Sky Games and Sky Play. Sky
Games consists of interactive gaming, such as Blackjack (21), Draw Poker, and
Slots. Sky Play consists of interactive PC amusement games such as Mah Jong,
Solitaire and Chess.
ON BEHALF OF THE BOARD OF DIRECTORS
Deborah Fortescue-Merrin
Safe Harbour statements under the Private Securities Litigation Reform Act of
1995; - this release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, and Section 21B of the Securities
Exchange Act of 1934. Any statements which express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
goals, assumptions or future events or performance are not statements of
historical fact, may be forward looking statements. Forward-looking statements
are based upon expectations, estimates and projections at the time the
statements are made, which involve a number of risks and uncertainties which
could cause actual results or events to differ materially from those presently
anticipated.
CONTACT: Creator Capital Ltd.
Deborah Fortescue-Merrin, 604/947-2555
E-mail: info@creatorcapital.com
Website: www.creatorcapital.com