Midas Entertainment Nets $5.82 Million in January Wagers

Midas Entertainment Nets $5.82 Million in January Wagers

DAVIE, Fla., Feb. 9 /PRNewswire-FirstCall/ -- Midas Entertainment, Inc. (OTC Pink Sheets: MDAS), an online poker software company, announced today that it has taken in $5.82 million in bets for the month of January as it continues to reap the benefits of the explosion in online poker, generating in excess of $135,000 in revenue for the month.

Midas Entertainment's President, George Gutierrez, remarked, "Our January numbers indicate our strong continued growth as an important online poker software provider. We are currently exploring additional areas for the marketing and growth of the company and continue to be amazed at the formidable sustained growth of the industry."

Guiterrez continued, "The recent announcement by industry leader PartyPoker.com, which is exploring the possibility of going public at a valuation reported to be over $4 billion, paves the way for much greater attention to be drawn to this industry by the capital markets. We feel that such initiatives combined with our strong sales results, will make the markets stand up and take even greater notice of our company."

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. Midas' operations were spun-off from AngelCiti Entertainment, Inc. (BULLETIN BOARD: AGCI) and into Midas in July 2004. AngelCiti owns 4.6 million shares in Midas Entertainment.

This news release contains forward-looking statements regarding Midas' 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 Midas disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Midas' 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.

For more information, contact:
OTC Financial Network
Rick McCaffrey, Investor Relations
781-444-6100 x625
rick@otcfn.com

Midas Entertainment, Inc.
Gabriella Jarquin
888-765-3781
Gabriela@Midas-Gaming.com


Source: Midas Entertainment, Inc.

CONTACT: Gabriella Jarquin of Midas Entertainment, Inc.,
+1-888-765-3781, or Gabriela@Midas-Gaming.com ; or Rick McCaffrey, Investor
Relations, OTC Financial Network, +1-781-444-6100, ext. 625, or
rick@otcfn.com , for Midas Entertainment, Inc.

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


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