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AngelCiti Signs Agreement

17 Mar 2005

PEMBROKE PINES, Florida – (PRESS RELEASE) -- AngelCiti Entertainment, Inc. (OTC Bulletin Board: AGCI), an online casino software company, announced today that a definitive Agreement has been signed in connection with its pending acquisition, previously announced on February 2, 2005. The Company's internal accountants are in the midst of preparing the Company's overall financial statements for the requisite audit. The closing is planned to occur once an audit has been completed, which is anticipated within 60 days.

AngelCiti President George Gutierrez stated, "The signature of this agreement is the next step in the growth of our Company. By combining land- based and online gaming assets, AngelCiti will maximize its potential to increase revenues and enhance services. Already, Midas Entertainment has produced favorable results for our Company. The acquisition of the largest land-based casino in the Turks and Caicos will enable us to leverage online and land-based casino operations to increase our top line."

 
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