World Entertainment Corp.

World Entertainment Corp.

August 19, 2005 09:31 ET

World Entertainment Announces Strategic Joint Venture with Media5 LLC

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 19, 2005) - World Entertainment Corp. (PINK SHEETS:WETM), a Nevada company headquartered in Vancouver, announced today an Agreement entered between World Entertainment Corp. ("WETM") and Media5, LLC ("Media5") for the purpose of developing and promoting bingo-related interactive mobile marketing, entertainment, and information services and products and in building and developing a community of mobile users.

The mobile services and products may include, but are not limited to: alerts, promotions, sweepstakes, contests, quizzes, surveys, ring tones, mobile screen savers and wallpapers, games, mobile coupons, members-only clubs, comment lines, announcements, chats, and two-way messaging.

Media5 will oversee the hosting of the mobile services and products, and providing expertise as to the best methods for maximizing their success. A spokesman for Media5 stated, "There are over 190 million cellphone subscribers in the United States alone. We at Media 5 are elated about the potential for new media applications and interactive global technologies for Bingo and World Entertainment Corp."

The total value of the global mobile games market is expected to reach nearly 5.6 Billion US in 2005 according to Jupiter Research. By 2009, mobile gaming services in the US alone are expected to generate $1.8 Billion annually from close to 200 million wireless subscribers according to the Mobile Consumer Data & Multimedia Services.

Louis Dion, President and Founder of World Entertainment says, "With the content, prizes, marketing, advertising sponsors, and promoting the mobile services and products through, our website ---Bingo as we all know is still the largest played game in the world and with the expanding mobile community we are helping to create, this is absolutely exciting!"

About World Entertainment Corp.

WEC is an emerging provider of Internet gaming software including its Bingo software that features live web-cast ball calling; interactive chat; and its unique Mega Bingo Bucks progressive networked jackpot. WBL brings expertise, proprietary software and strong industry leadership to Bingo and online gaming.

Forward-Looking Statement

The statements in the press release that relate to the company's expectations with regard to the future impact the company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Contact Information

  • World Entertainment Corp.
    Mr. Louis Dion
    (604) 616-6410