This stock has been getting "featured" at streetcast.tv as well.

Approximately 1:30 EST – Wednesday, June 1, 2005

Green Baron Focus Stock Pick

for the Month of June



AngelCiti Entertainment, Inc.

(BB: AGCI - $1.00 per share)



Current Common Shares Outstanding – 6.5 million shares (est.)

Series “A” Preferred – Convertible to 1.0 million common

Current Market Cap – Approx. $7.5 million

Calendar 2005 Year High - $3.50/share   Low - .75/share (est.)



Ownership in Online Poker Software Company MDAS now worth over $25 million – Stock Dividend Coming to Shareholders – Major New Developments Expected Soon!

http://www.AngelCiti.com

It’s no secret that The Green Baron Report has been ON FIRE over the last three months.  Our focus stock picks in March, April, and May have shocked the world and our members with gains that have been beyond impressive.  We still believe IMJX, CMDA, and PLNI have more major rallies ahead, and we strongly suggest our members consider adding to positions in these stocks.  

The results of these great companies have put tremendous pressure on our team at The Green Baron Report to continue to amaze our members.  It is more important than ever to prove to our members that this has been no fluke.  Our dedicated research team is intent on finding more low priced stock opportunities that make perfect sense for accumulation.  Well, wait no longer because we found one that looks to rocket!

AngelCiti Entertainment, Inc. (BB: AGCI) is officially our 43rd fully profiled stock for our storied home page at http://www.TheGreenBaron.com.  Our profile price at about $1.10 per share is considered by us to be ideal for accumulation based on many technical and fundamental factors.  We are proud to release this information during trading hours today, and we believe that percentage gains in AGCI will compare to those we have seen in our last three monthly focus stocks.

Fundamentally, solid valuation can be seen just in AGCI”s ownership position in Midas Entertainment, Inc. (PK: MDAS).  AngelCiti currently owns 3.1 million shares of MDAS which now trades at over $8.00 per share (a valuation of about $25 million).  AGCI recently announced that a dividend of one share of MDAS will be paid for every seven shares of AGCI owned by a shareholder.  Following payout of the dividend which is expected to take place within the next few weeks, AGCI will retain about 2.1 million shares of MDAS currently valued at over $16 million.  

In essence, shareholders will receive stock in MDAS with an approximate value of over $1.00 per share in AGCI stock, while retaining ownership of AGCI which will hold a remaining interest of 2.1 million MDAS shares (The 2.1 million MDAS is worth over $2.00 per share based on the current MDAS price and AGCI share structure).  The Green Baron Report believes the additional ongoing assets and business plans of AngelCiti add significantly more value to this stock.  More on this will be addressed later.

AngelCiti spun off its online poker operations in July of 2004 to Midas Entertainment, Inc. for an approximate 15% stake in Midas so that it could focus on its core operations.  MDAS has in turn experienced tremendous growth since it began it core operations.  Online poker continues to grow at the fastest pace of any online wagering sector.  The Green Baron Report has some degree of caution that MDAS stock can maintain its meteoric rise, but based on the continued increased popularity of the online poker industry, the estimated huge valuation of industry leader PartyPoker.com, and the potential gains in AngelCiti’s core operations, we believe AGCI remains vastly undervalued at these levels.

Technically, AGCI has found solid support at levels at about .75 to .85 per share (The first trading day of the year on January 3, 2005 is the only day that AGCI has traded below .75 per share).  We see a break of over $1.25 per share will establish AGCI in an uptrend, and we do not see much resistance below $2.00 per share.  Although we do not provide precise target levels, we see many reasons to support a trading price in AGCI at $4 to $5 per share today.

Please Note:  Percentage gains on our home page in AGCI common stock from The Green Baron Report’s profile price to the subsequent high will take into account stock dividend distributions after they have been paid to AGCI shareholders.

About AngelCiti Entertainment, Inc.

AngelCiti Entertainment, Inc. (BB: AGCI) is an online casino software licensor that is focused on acquiring interests in companies that provide software to the online gaming industry.  The online gaming market has been booming since its inception and continues to expand at a rapid pace, particularly the online poker market that has grown more than 1000% in the past 20 months and represents a greater that $5 billion industry.  

AngelCiti currently retains 3.1 million shares of Midas Entertainment (PK: MDAS).  Midas is part of the Prima Poker Network, and since Midas joined Prima Poker, Prima has moved up from about the 7th or 8th position to a very solid 3rd industry position.  Party Poker and PokerStars remain the industry leaders.  The recent announcement by PartyPoker.com to explore the possibility of going public at a valuation to be more than $4 billion, and the acquisition of ParadisePoker.com by Sportingbet.com for over $300 million continues to create excitement to online companies like AngelCiti.

AngelCiti continues to pursue opportunities in its core online casino software business, which represented a Net Win of over $3.89 million on more than $125 million in wagers since its inception two and a half year ago.  It has a pending acquisition of Carib Gaming, the largest land-based gaming operator in the Turks & Caicos Islands with slot machines in over 22 locations and is projected to add in excess of $3 million in annual revenue to the Company in 2005.  The acquisition would provide a synergistic combination of online and land based gaming, and would help AngelCiti achieve a listing on the Amex or Nasdaq small cap stock exchange.   AngelCiti entered into a Letter of Intent to acquire Carib Gaming in January 2005, and entered into a definitive Merger Agreement in March 2005.  An update on this acquisition is expected soon.

The Company currently provides software to casinos in languages including English, Spanish, German, Chinese, and soon French (see announcement on May 24).  AngelCiti has also recently added multi-currency wagering options to casino players so they can universally enjoy their online entertainment without currency confusion.  From inception in May 2002 though September 30, 2004, AngelCiti has had more than 156,000 downloads of its software, signed up over 58,000 players, and has garnered over 2,000 affiliates to drive traffic to its customers websites as part of its aggressive affiliate program.  Moreover, AngelCiti operated casinos have been voted Best Online Casino in the Insider’s Betting Digest, voted Best New Online Casino in the Gambling Online Magazine, and featured in Casino Player Magazine.  

Recent Announcements

May 25, 2005 – AngelCiti Plans Additional Stock Dividend in Midas Entertainment to Shareholders - AngelCiti Entertainment announced that management has decided to dividend out additional shares in Midas Entertainment, Inc. (PK: MDAS) held by the company, to shareholders in order to allow them the added benefit of direct share ownership in the meteoric growth of the online poker industry.  The dividend will be one share of Midas Entertainment for every seven shares of AngelCiti owned by a shareholder.  The record date will be set within the next few weeks.

George Guiterrez, president of AngelCiti Entertainment, stated, "We have received a tremendous amount of positive feedback from the shareholders after the initial dividend and wanted to reward our shareholders for their continued belief in the ongoing development of our company. This is a unique opportunity for our shareholders to own a position in two companies with high growth and return potential in a very hot segment of the market."

Poker's tremendous growth and attraction has been evidenced by such shows as Celebrity Poker and the Travel Channel's World Poker Tour series, which has been a huge ratings success. NBC has recently begun televising poker events as well. Last year's World Series of Poker champion walked away with a world record prize of over $5 million, out of $49 million in total prizes, more than double the prize values awarded in 2003. The 2003 champion also earned his seat by winning an online tournament.

May 24, 2005 – AngelCiti Announces Addition of New Games and Plans for French Language Websites - AngelCiti Entertainment, Inc., an online casino software licensor, announced the recent popular addition of 3-reel Australian slot machines (Ronin, Aztec's Treasure and Goldbeard) have been an even bigger hit than anticipated, and plans to include French as a new language in order to more effectively target European gamblers. AngelCiti already offers multi-currency options enabling people to wager in the currency of their home country.

"Innovation is a key way to stay competitive in the online gaming market," commented George Guiterrez, president of AngelCiti Entertainment. "While we are focused on the corporate transactions on hand such as the acquisition of Carib Gaming, we continue to strive and heighten the online entertainment experience in our software. We have seen a nice jump in wagers this year and anticipate that the growth of players worldwide will continue to add to the bottom line."

April 29, 2005 – AngelCiti’s Software Obtains Certification - AngelCiti Entertainment, Inc. announced that Technical Systems Testing (TST), an internationally recognized accredited testing facility, whose esteemed client roster includes International Game Technology (IGT), Aristocrat, Mikohn and the Michigan, Massachusetts, D.C., and Ontario Lotteries--to name a few--has certified that the Random Number Generator (RNG) used in the AngelCiti-licensed software is deemed to be fair and random.

TST's fully independent and impartial testing procedures ensure that the software systems and equipment that operate today's most trusted gaming destinations are certified to the strictest standards of technical compliance. Gaming applications that bear the TST seal of certification accord end users with the assurance that the game being played is both random in outcome and fair in operation.

AngelCiti President George Gutierrez stated, "This marks another step in our evolution. Certification of the integrity and fairness of online gaming software is critical because it is important for players to know and understand that they are playing online with the same true odds they would receive in a land-based casino. This accomplishment should assist us considerably in our ongoing marketing efforts."

April 26, 2005 – AngelCiti to Redeem Outstanding Loan and Retire Collateral Shares - AngelCiti Entertainment, Inc., an online casino software company, announced that the Company has reached agreement with its lender to retire the outstanding $300,000 loan under its Revolving Credit Agreement, plus all interest and any other amounts accrued hereunder. In addition, AngelCiti will retire 25.6 million of the shares that had been held as collateral in conjunction with that loan. The result of this transaction will leave AngelCiti with approximately 6.5 million common shares issued and outstanding. The effective date of this transaction is May 20, 2005.

AngelCiti President George Gutierrez stated, "This immediately eliminates all but deminimus debt from our balance sheet and further eliminates the uncertainty of having a large block of shares outstanding collateralizing the loan. This is the first step in our progress toward completing the acquisition of Carib Gaming and we anticipate providing investors with additional information on that transaction in the near future."

Green Baron Conclusion

It’s hard to spin through cable channels on television and not see at least one station televising Texas Hold’em or another poker game with professional players or celebrities vying for the top prize.  The popularity channeled to online poker sites such as the leader PartyPoker.com is just phenomenal.  The industry has seen some consolidation already, and a leading company like the Prima Poker Network could see suitors and continued huge growth.

The Green Baron Report believes AngelCiti stock will begin a major upswing.  Its software has recently received certification to be fair and random, the value of its MDAS holdings is significant, there is strong underlying technical support, a large stock dividend is coming any day, and the acquisition of Carib Gaming should bring revenues and synergies to make AGCI a stock worthy of a better exchange listing.  We believe the Company’s attendance a conference sponsored by the National Investment Banking Association less than two weeks ago was likely beneficial to the Company.  

Members are encouraged as usual to conduct your own due diligence and call the Company contacts to find answers to any information we may not have covered.  The Green Baron Report is confident that AGCI will be another big winner, and provide our members with fantastic profit potential.  Summer is almost here, so let the games begin!

Company Contact:

AngelCiti Entertainment, Inc.

Evelyn Fallas – (800)908-9574

Evelyn@angelciti.com

http://www.angelciti.com

Thursday, June 02, 2005

News Alert

AngelCiti Entertainment (OTCBB: AGCI)

AngelCiti Reaches Agreement with Basic Investors for $3 Million Commitment to Finance Carib Gaming Acquisition

AngelCiti Entertainment, Inc. (OTCBB:AGCI), an online casino software company, announced today that it has entered into a Business Consulting Agreement with Basic Investors and has agreed to a term sheet providing $3 million in funding towards the Company's slated acquisition of Carib Gaming. Carib Gaming is the largest gaming operator on the fast growing Turks and Caicos Islands and has operations in 23 locations island-wide.

AngelCiti President George Gutierrez stated, "We are ecstatic as we take our next key step towards completing our acquisition, which will instantly make the company quite profitable. This also serves as the future model for other similar acquisitions, for which we have recently been offered as well. Finally, we are proud to announce that the financing will be upon terms we consider quite favorable and which will preserve and enhance shareholder value both in the short and long term. The financing and acquisition are truly landmark next steps in the positive evolution of our company."

Friday, June 3, 2005

June Focus Stock Pick Update

AngelCiti Entertainment (BB: AGCI)

Urgent Information to all members!

Our latest Green Baron Focus Pick AngelCiti Entertainment had a fantastic opening day on Wednesday.  AGCI was trading at .96 bid offered at $1.01 when we began emailing our members at about 1:30 EST.  The stock moved briskly up to $1.35 per share on heavy volume before finishing the day at $1.17.   The stock registered new record volume by trading 866,600 shares, and hit a high that was 35% above our original profile price of $1.00 per share.

Yesterday, AGCI rallied again early to hit $1.26, and then weakened as investors contemplated the effects of a financial commitment to fund an acquisition for Carib Gaming, the largest gaming operator on the fast growing Turks and Caicos Islands.  The stock filled in the previous day rally perfectly, testing a low at $1.04 before finishing the day strongly at $1.15 per share.  Green Baron members had a perfect second chance to pick up shares near our profile price of $1.00 per share.  The last three focus picks have usually taken a few days to test near our profile price before making new highs, but we have been fortunate to have AGCI do it the next trading day.  

Perhaps this is a good time to review why we think accumulation of AGCI in the near term is ideal at these levels.  First of all, a dividend of Midas Entertainment, a leading player in the vastly popular online poker industry, is soon to be distributed to all AGCI shareholders.  Last week on May 25, AGCI announced it will dividend “one share of Midas Entertainment for every seven shares of AngelCiti owned by a shareholder.  Midas was spun off from AngelCiti in July 2004 and AngelCiti retains a stake in Midas of over 3.1 million shares.  AngelCiti anticipates that it will continue to own over 2.1 million shares in Midas after the dividend payout.”  The press release on May 25 also stated that, “THE RECORD DATE WILL BE SET WITHIN THE NEXT FEW WEEKS.”

What does this mean?  Well, we take FEW to mean two or three.  That would mean a record date ought to be set within the next 3 to 8 trading days!

The Green Baron Report calculates that based on the current price of MDAS at about $8.30 per share that this represents a potential dividend that is worth about what AGCI currently trades for.  The balance of 2.1 million shares of MDAS that AGCI owns after the dividend payout is now worth on paper over $16 million (a value equivalent to over $2.00 per share based on the current share structure).   Enough said.

The balance of AngelCiti’s business is just as exciting.  The purchase of Carib Gaming should compliment its existing online gaming business nicely.  It will establish a land based presence with solid revenues and earnings.  We think concern that the $3 million in funding from Basic Investors would dilute AGCI stock caused a little tremble today.  However, The Green Baron Report has learned that a more detailed description of the financing arrangement should be made shortly, and investors will likely cheer the terms.  We also view Basic Investors involvement with AGCI as a major positive.  Be on alert for any press releases in the near future.  In essence, we welcome these prices in AGCI and believe there is huge upside ahead.

One final note:  An exclusive Green Baron webcast interview with AGCI co-founder Mr. Larry Hartman will be released within the next few trading days.  This is one you do not want to miss!

Company Contact:

AngelCiti Entertainment, Inc.

Evelyn Fallas – (800)908-9574

Evelyn@angelciti.com

http://www.angelciti.com

AngelCiti Entertainment (BB: AGCI)

MDAS Dividend Coming Soon!

Online poker remains one of the most popular and hottest attractions for internet junkies.  Midas Entertainment is a pure online poker play that is of high interest to us since AngelCiti shareholders will soon receive shares of MDAS in a stock dividend that will be released.  We understand that MDAS is thinly traded and may not hold $8.00 per share forever, but it also may go higher.  In fact, yesterday MDAS even traded as high as $12.00 per share.

At today’s closing prices of AGCI at .975 per share and MDAS at $9.00 per share, the payout of one share of MDAS per seven shares owned of AGCI means you technically get AGCI for free if MDAS stays at its current level.  Members should realize that AGCI will retain 2.1 million shares of MDAS even after the dividend is paid out.  We also like the fact that AGCI should soon own a land based casino operation in the Turks in Caicos Islands that will add significantly to revenues and earnings.

We know AGCI sold off yesterday and is now trading at about our profile price.  This opportunity to purchase stock at or below a profile price has been rare recently.  The Green Baron Report views the recent sell off in AGCI as temporary, and we expect a road show that begins next week to generate significant retail and institutional support for AngelCiti.  We believe AGCI at or below $1.00 per share is an absolute bargain, and members will likely see gains in the very near-term from this level.

Company Contact:

AngelCiti Entertainment, Inc.

Evelyn Fallas – (800)908-9574

Evelyn@angelciti.com

http://www.angelciti.com