After filing an IPO, the demand was heavy for shares in Boss Media.
Public and private investors in Sweden purchased all 1,800,000 common
shares, corresponding to 18% of total company shares, at the price of 39
SKr. (approx. $4.60 USD) each.
The initial public offering resulted in 65 million SKr. ($7,650,000
in net proceeds to Boss Media. The company's stock will be listed on the
Stockholm Stock Exchange's O-list for trading approx., June 24, 1999.
BossMedia is currently one of the largest and most prolific companies
in the online casino industry. Since its start in the spring of 1997,
BossMedia and its subsidiaries have expanded to include 50 employees in
Växjö, Sweden and St. John's, Antigua. The total number of employees is
expected to rise to more than 100 by the year 2000.
Based in Sweden, BossMedia provides Internet gaming enterprises with
complete, turnkey casino solutions that include game software, a game
server, a secure payment system, operational services, and
state-of-the-art web site design. Licensee's will also enjoy the
exclusive privilege of using Casino.com as a marketing platform.
BossMedia has provided the innovative solutions behind eight leading
Gold Club Casino (http://www.goldclubcasino.com)
USA Casino (http://www.usacasino.com)
New York Casino (http://www.newyorkcasino.com)
Five Star Casino (http://www.fivestarcasino.com)
Cowboy Casino (http://www.cowboycasino.com)
Diamond Club Casino (http://www.diamondclubcasino.com)
Sunset Casino (http://www.sunsetcasino.com)
Jackpot Palace (http://www.jackpotpalace.com)
Note to the editors: This release contains forward-looking statements,
which are made pursuant to the safe-harbor provisions of the Private
Securities Litigation's Reform Act of 1995.