AngelCiti Reports a 16% Jump in Monthly Net Handle

AngelCiti Reports a 16% Jump in Monthly Net Handle

PEMBROKE PINES, Fla., Feb. 2 /PRNewswire-FirstCall/ -- AngelCiti Entertainment, Inc. (BULLETIN BOARD: AGCI) , an online casino software company, announced today that it had a net handle of over $3.4 million in January, a jump of 16% over the previous month, setting the stage for a banner year in 2005.

AngelCiti President George Gutierrez stated, "We are excited by the increase in handle as we begin our new marketing phase. The online poker industry is red-hot. For example, news this past week indicated that PartyPoker.com, the world's largest online poker company, is considering a public offering of its company's shares with a potential float valuation upwards of $4 billion. That would potentially value PartyPoker higher than companies such as British Airways, ICI and EMI. This news is yet another historic moment in the evolution of the online gaming industry and comes on the heels of a $270 million acquisition of Paradise Poker by publicly traded Sportingbet, whose shares are up over 64% since the acquisition."

Gutierrez continued, "We feel that these watershed events can be only beneficial for additional exposure and market valuation considerations for our Company and set the stage for additional merger and acquisition opportunities, which we plan on pursuing. We feel strongly that AngelCiti and Midas (OTC Pink Sheets: MDAS), an online poker operation in which we are shareholders, are both extremely well situated to capitalize on these high- growth industry trends."

About AngelCiti Entertainment, Inc.

AngelCiti Entertainment is focused on acquiring interests in companies that provide software to the online gaming industry. The online gambling market has been booming since its inception and continues to expand at a rapid pace. Industry experts estimate that total gaming revenues could grow from $4.5 billion in 2002 to more than $10 billion by 2005 (Source: Christiansen Capital Advisors). AngelCiti's wholly owned subsidiary Worldwide Management services casinos in English, Spanish, German, Chinese and Japanese. For more information, visit http://www.angelciti.com/ .

About Midas Entertainment, Inc.

Midas' wholly owned subsidiary, Creative Millennium Ventures, provides gaming software to online poker sites including CityPoker.com, KingMidasPoker.com, DesertPoker.com and SharkPoker.com.

This news release contains forward-looking statements regarding AngelCiti's business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the Internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and AngelCiti disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in AngelCiti's expectations or future events. The representations of net handle and gross net win in this press release are presented as measures of performance for the company that are different from those presented in the income statement in accordance with Regulation G promulgated by the Securities and Exchange Commission and are not to be considered as revenue or a GAAP-related financial disclosure criteria.

Contact:
OTC Financial Network
Rick McCaffrey
Investor Relations
781-444-6100 x625
mailto:rick@otcfn.com

AngelCiti Entertainment, Inc.
Evelyn Fallas
800-908-9574
mailto:Evelyn@angelciti.com


Source: AngelCiti Entertainment, Inc.

CONTACT: Evelyn Fallas of AngelCiti Entertainment, Inc.,
+1-800-908-9574, or Evelyn@angelciti.com; or Investor Relations, Rick
McCaffrey of OTC Financial Network, +1-781-444-6100, ext. 625, or
rick@otcfn.com, for AngelCiti Entertainment, Inc.

Web site: http://www.angelciti.com/


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