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Wednesday
January 16, 9:01 am Eastern Time
Press Release
iCrystal announces
Cyber 2000 new Master Partner of Manihi Inc.
SURREY, BC, Jan. 16 /PRNewswire/ - iCrystal
Inc. (the ``Company'') (OTC Bulletin Board: ICRS - news),
a designer, developer and licensor of Internet- based casino
gaming and lottery software, announced on January 14, 2002
that Manihi Inc., the Company's Master Partner Licensee, has
completed negotiations and has finalized the signing of a
contract with a new Master Partner, Cyber 2000, to be fully
operational within the first quarter of 2002, under the name
``Casino Freedom''.
Cyber 2000 is a profitable internet website
provider. They presently experience a substantial amount of
internet traffic each month and have a huge network, consisting
of over 7000 webmaster affiliates to help them promote their
current sites. Cyber 2000 has entered into the agreement with
Manihi Inc., allowing them to provide iCrystal Casino Software
games to their entire base of over 7000 webmaster affiliates,
currently in operation.
Cyber 2000's experience and success within
their current operation provides them with an extremely valuable
marketing avenue in which they expect to generate immediate
revenue. Their current affiliate program reaches a huge amount
of people that are comfortable with the internet and internet
transactions, giving Cyber 2000 the potential to acquire a
large casino player base without the usual marketing expenses.
Cyber 2000 is expected to derive a substantial increase in
revenue to their current operation, thereby increasing iCrystal's
main source of revenue from ongoing royalties.
An example of iCrystal Inc.'s Casino Software
can be found at http://www.videopokerclassic.com.
This press release contains forward-looking
statements based on the Company's current expectations about
its business and its industry. You can identify these forward-looking
statements when you see words such as ``expect'', ``anticipate'',
``estimate'' and other similar expressions of plans or uncertainties.
These forward-looking statements involve risks and uncertainties
and actual results could differ materially from those anticipated
in these forward-looking statements. Such risks relate to
uncertainty in the internet gaming and credit card processing
laws around the world, terrorism and its effect on business
and the internet, consumer acceptance of and confidence in
internet gaming, continued development of our software to
keep abreast of current technology, competition from larger,
better staffed and financed companies in the gaming industry
and reliance upon our limited number of software licensees
to continue operations and perform according to their agreements.
The Company undertakes no obligation to publicly update any
forward-looking statements for any reason, even in the event
new information becomes available or other events occur in
the future.
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