SOURCE: Market Pulse

October 03, 2005 08:30 ET

Market Pulse Breaking News Alert for Monday, Oct. 3, 2005: PGGG - Pegasus to Offer Seats to the World Poker Tour Event!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- October 3, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: Pegasus Gaming Corp. (OTC: PGGG), SanDisk Corp. (NASDAQ: SNDK), American Energy Production, Inc. (OTC BB: AMEP) and JDS Uniphase Corp. (NASDAQ: JDSU).

Investors need to be watching Pegasus Gaming Corp. (OTC: PGGG) this AM! Pegasus Gaming Corp. is an innovative, turnkey, online-gaming platform provider. Pegasus is an I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including online bingo, casino, sports book, and pari-mutuel betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform. Online gaming has now become a $10 billion per year industry, with continued growth on the horizon. Pegasus Gaming has developed and implemented a program for the future and remains focused on its proven business model to become a major player -- if not the major player -- in the I-gaming technology licensing and management industry. PGGG has had several excellent news announcements out lately and one again before Monday's bell announcing that it will offer seats to the World Poker Tour Event! This could be great news for investors!

Pegasus Gaming Corp. (OTC: PGGG) http://www.PegasusGaming.com ), an I-gaming software and e-commerce services company with exclusive licensing rights for Europe and Africa, is pleased to announce that it will offer the lowest entry to a World Poker Tour Event.

WIN UP TO A MIILLION DOLLARS FOR PENNIES

Pegasus will offer to its licensees satellite tournaments for as little as 6 cents. World Poker Tour ("WPT") events typically offer winners up to a USD$1 Million. The final tables are broadcast on the Travel Channel in the United States. The Travel Channel receives its highest ratings during the airing of WPT events. Two of the last three winners of the World Series of Poker have found their way into the tournament through these Internet satellite tournaments. Shareholders are welcomed to demo the Texas Hold'em platform by visiting the demo site below by downloading the Poker software, install it on the computer and start enjoying their various notorious Poker games.

http://www.724sportsbook-poker.com/

The gaming industry is booming at the moment with news that SportingBet has offered to purchase Empire Online (EOL.LN) for over USD$1.5 Billion. SportingBet is the Number One online sports gaming site in the world. In addition, the world's largest online casino operator, 888 Holding plc, parent company of Pacific Poker, one of the world's largest online Texas Hold'em Poker Rooms, announced plans for an IPO on the London Stock Exchange, the company held its IPO at GBP 1.75 per share, reflecting a market cap of GBP 590 million ($1.04 billion USD).

This news comes on the heels of Senator Kyl's 7th failed attempt in the senate to force banks and credit card companies to block e-gaming transactions. It is widely believed by analysts that this legislation will never pass.

"We are extremely pleased to offer our licensees the ability to offer their clients a chance to win up to a Million dollars for only 6 cents," stated Pegasus Gaming President & CEO David Cheng. "The gaming industry and Texas Hold'em poker in particular is on a high with its exposure on networks such as ESPN, FOX Sports and the Travel Channel and we feel this trend is likely to continue in the near future."

About Pegasus Gaming Corp.

Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including casino, sports betting, and pari-mutuel horse betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.

To view the corporate presentation with sound, please click on the following link:

www.pegasusgaming.com/slide.pps.

Stocks in the news and acting well as of late include: SanDisk Corp. (NASDAQ: SNDK), American Energy Production, Inc. (OTC BB: AMEP) and JDS Uniphase Corp. (NASDAQ: JDSU).

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