Play Mahjong Mania On The Web

Published: Friday, December 17, 2004 Online-Casinos.com

MAHJONG MANIA

"Asian Poker" Internet initiative...from a health industry company???

Industry insiders will recall the name Adriaan Brink, a South African with British citizenship who was a mover and shaker behind the Pluslotto project out of Lichtenstein. Adriaan surfaced again this week in an interesting deal to put the popular Asian game Mahjong on to the Web.

Health industry public company Events International Holding Corp. is clearly diversifying with the announcement that it has entered into a Letter of Intent with Mahjong Systems Limited ("MSL"), a Turks and Caicos Islands Internet software developer in which Brink is involved, to acquire all of its issued and outstanding paid up capital stock. This acquisition will be satisfied through the issue of 9,000,000 EIH common shares worth some $900 000.

The assets of MSL include the intellectual property, software and development work on the "Mahjong Mania" Internet gaming software, as well as software licensing agreements. Additional MSL assets include the source code and all software created under the URL domain name of "Mahjong Mania", as well as the Internet site entitled Mahjongclub.com and some 19 Mahjong-related URL domain names:

"Mahjong Mania" multiplayer Internet gaming software developed by MSL is claimed to be unique technology and will be considered the first to market of an aggregated multiplayer "Mahjong" gaming system developed for the Internet.

MSL has provided unaudited financial information showing that its activities to date have been entirely developmental against which total costs of $1.6 million have been incurred for research and development, professional fees, licenses and related expenses. MSL has not yet generated any revenue. The proposed acquisition by EIH comes at a time when MSL's first commercial Internet licensing agreements are soon to be finalized.

The full names and jurisdictions of residence of each of the MSL vendors, who directly and/or indirectly beneficially hold a controlling interest in and who otherwise control and/or direct MSL, and who will be receiving the following share issuance post-closing, are as follows:

i) Ian Sherrington (a British citizen): - 8,190,000 shares

ii) Adriaan Brink (a British citizen): - 810,000 shares.

It is anticipated that the required technology development and the delivery of the "Mahjong Mania" software to licensees will be completed in not more than five months following the "Closing".

Significant conditions required to complete the proposed transaction include the timely conducting and carrying out of due diligence, the negotiation of employment agreements for Messrs. Adriaan Brink and Ian Sherrington, now in the process of being formulated, and the execution by MSL of at least two (2) licensing agreements for its "Mahjong Mania" software technology, under satisfactory terms and conditions. Brink will become President of EIH in terms of the agreement.

"We are very excited about the prospects and potential of the "Mahjong Mania" Internet gaming software developed by MSL, as well as working with Ian Sherrington and his team of software developers", said Albert Barbusci, Chairman and CEO of EIH. "The "MM" multiplayer software will be the first of its kind to reach the audience that populates the worldwide Internet gaming marketplace and we are confident this will yield significant benefits for our shareholders".

Mahjong, often referred to as "Asian Poker", is the most widely played game in China and has gained widespread popularity in Japan, Taiwan, Korea and other Asian countries with surprisingly high levels of play in USA and Europe.

It is the basis for an enormous terrestrial gambling market in Asia, but has yet to translate into the Internet gaming space, says the announcement. With nearly a decade of experience in Internet gaming, MSL's principals are well positioned to establish partnerships with top level Internet gaming operators and leverage existing player bases through its aggregated model.