TORONTO, March 31, 2004 (PRIMEZONE) -- Warren B. Eugene, president of Internet Casinos Inc. and Amigula Inc. (Other OTC:AMJL), today stated: "I am pleased to see that a prestigious organization such as the WTO would rule in favor of Internet gambling. The United States' policy banning online gambling is in violation of international trade law according to a recent ruling by the World Trade Organization (WTO). We have been waiting for a victory like this for almost 9 years."
"This is indication of Warren's remarkable foresight," said Peter Hilton Mijovick, treasurer of Amigula. "Warren Eugene always claimed that Internet gambling would be accepted worldwide, eventually. He was the first to market a clever idea (Internet Casinos) back in 1995. He is finally getting the recognition he deserves as an `Original Thinker' and an `exceptional entrepreneur.' Now Warren is once again the first to originate an idea -- a publicly traded medical marijuana company. This guy's a real leader."
Eugene is recognized as a pioneer in industry as the founder of both Internet gaming and E-cash (electronic cash), producing timely entrepreneurship while recognizing opportunities created through technological advances. He has been featured in esteemed publications like Time Magazine, USA Today, and The Wall Street Journal, as well as prominent network and distribution channels like CNBC, CBS, MSN, CNN, Reuters, Bloomberg, PBS, AM New York and hundreds of International news services.
Commenting on his new company, Amigula, Eugene stated: "Amigula is about life and living. Every day millions of people, children, loved ones, pets suffer from severe maladies and illness. With the forward progress of science and genetic engineering, we believe that we may be able to offer helpful and therapeutic medicinal marijuana that may alleviate the pain and hurt. Millions globally agree and support the cause.
"Amigula intends to educate people with the message that Amigula is an agricultural pharmaceutical company on a mission to do good for others. There is so much misconception and myth surrounding marijuana that the Company believes that it needs to assist in getting the right messages out. One of Amigula`s messages is simple -- marijuana is an excellent form of homeopathic therapy for those suffering and requiring medication. This is history in the making."
About Amigula Inc.
Amigula Inc. (www.Amigula.com) has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced its plans to file as a reporting issuer. The company plans to list on additional exchanges in the U.S. as well as European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.