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Chancellor Corporation Sets Major Press Conference in Beijing to Launch
China Lottery Operations
Released_By: USANews
Date: 9/3/97
Time: 1:58:57 AM
For_Immediate_Release
Chairman Ron Sparks announced today that Chancellor Corporation, in
conjunction with the official Chinese Press Agency will hold a major press
conference in Beijing to launch its new Lottery operations within the People’s
Republic of China. World Wide International Coverage of this event is
anticipated.
OTHER RELATED NEWS
Mr. Sparks, returning from the company’s Beijing office reports that the
Chinese Government is encouraging foreign investment, and has extended every
opportunity to Chancellor Corporation to develop other membership related
ventures.
The Joint Venture will begin pre selling "Founder Club Memberships"
A contract was signed for a 90,000 square foot location to develop an
innovative and modern facility to house the Dadu International Jockey Club. The
new facility will include a world class restaurant, recreational facilities, as
well as provide some private Gaming equipment. The site will also feature state
of the art "virtual reality" electronic equipment.
As previously reported, the joint venture consortium signed an agreement in
April of this year to develop a 260 acre land parcel located in the suburbs of
Beijing. The upcoming development of this land will include a world class horse
racing track for the Dadu International Jockey Club, along with private club
facilities. This track will rival the horse racing facility located in Hong
Kong. The Hong Kong Jockey Club has been in operation for many years, and is
said to be one of the largest dollar volume tracks in the world
"This is truly one of the largest financial opportunities available anywhere
in the world today", said Sparks. He also added, "When you look at the ONE
BILLION plus population and realize how rapidly China is developing their
economy in the 21st century, it is nothing short of amazing."
All license and approvals are currently in place. The pace of development is
accelerating rapidly. Additional announcements are expected soon.
For more information, contact: GERALD COMMUNICATIONS Gerald Sterchi -Director
Investor Relations (916) 854-4931 Fax (916) 983-7783 E-Mail:
gerald@geraldsnet.com
URL: http://www.celr.com
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