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Las Vegas From Home.Com offers the best entertainment value
Symbols: LVH.TSX Venture Exchange LVFHF.OTC Bulletin Board LVH.Berlin Stock Exchange
4/13/2005 1:50:42 PM
VANCOUVER, April 13, 2005 -- Las Vegas From Home.com Entertainment Inc. (the "Company") or ("LVFH") is pleased to announce that through its wholly owned Action Poker Network (the "AP Network"), LVFH is sending 5 players to play at next week's World Poker Tour World Championship Tournament, Season 3, at the Bellagio Hotel and Casino in Las Vegas, Nevada. The 5 players, who qualified for entry at next week's tournament, prevailed over hundreds of other players in an AP Network/Tigergaming.com sponsored online tournament. In the end, 3 players qualified through the AP Network's flagship website, www.tigergaming.com and two others from another licensee operating within the AP Network.
Each of the 5 players won a package valued at US $28,000 which is comprised of airfare, a week's accommodation at the Bellagio Hotel and Casino, spending money, and a "buy in" at the tournament valued at US $25,500. Total prize money to be won at the one week long tournament, beginning April 18, 2005, and to be broadcast at a future date, is estimated to be US $6.5 million.
President and CEO, Jake Kalpakian states, "This was the Company's first attempt at such a promotion within the AP Network and its flagship site, www.tigergaming.com. It was a resounding success. 3 of the players that won are Tigergaming.com players, while 2 others are from another licensee within the AP Network. As a result of this, our AP Network has inspired even greater confidence amongst our existing licensees and has also generated an increase in new licensing inquiries from other casino and sportsbooks looking to join the AP Network.
On the tails of this success, the AP Network and Tigergaming.com launched a second multi-stage tournament promotion recently in order for their players to earn seats at this year's World Series of Poker, to be held in Las Vegas, Nevada in July. Originally, Tigergaming.com and the AP Network were offering 5 seat packages to be won. Due to overwhelming demand, Tigergaming.com and the AP Network have doubled the amount of seats to 10. Each US $14,000 package will include airfare, accommodation, spending money, special VIP events, and a World Series of Poker entry fee of US $10,000. What makes this even more remarkable is that a player could actually obtain a World Series of Poker seat for an unbelievable US $0.14 cents."
Mr. Kalpakian continues, "This new promotion has to be the best entertainment value found anywhere. Where else can one enjoy playing for several hours at a time, at such a price, with a chance to win a seat at the World Series of Poker Tournament? We believe this promotion is just the beginning in our quest to be a leading entertainment choice for the general public. In that respect, we are confident we will be able to launch in the current quarter our casino games (Black Jack, Roulette, Slots, etc) whereby our licensee's customers will have an even greater choice of games for their gaming and entertainment pleasure."
LVFH is an "E-Gaming" Software Developer and provider, and through its wholly owned Antiguan Subsidiary, Action Poker Gaming Inc., licenses its software to third parties.
On behalf of the Board of
Las Vegas From Home.com Entertainment Inc.
"Jake Kalpakian"
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Jacob H. Kalpakian,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Statements in this news release which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition, risks associated with changing customer preferences and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
SOURCE Las Vegas From Home.com Entertainment Inc.
PLEASE CONTACT US AT TELEPHONE NUMBER (604) 681-0204, OR VISIT OUR WEBSITE AT
WWW.LVFH.COM
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