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EZ2

05/18/16 1:43 PM

#112788 RE: timhyma #112787

Yup, different time and place.....like many!

EZ2

05/20/16 8:08 AM

#112899 RE: timhyma #112787

World Poker Fund Holdings Forecasts $143 Million in Revenues From First In-Flight Online Casino Assets and Contracts
Recent M&A Deal Projected to Be Worth $1 Billion in Annual Revenues

MARKET WIRE 7:00 AM ET 5/10/2016

Symbol Last Price Change
WPFH 1.65 0 (0%)
QUOTES AS OF 12:46:57 PM ET 05/19/2016

LOS ANGELES, CA -- (Marketwired) -- 05/10/16 -- World Poker Fund Holdings, Inc.(WPFH) , a leading developer and operator of online and event-based social gaming platforms and brands, announces today that the 49% stake in Universal Entertainment Group ("UEG") contracts and assets to be acquired, as previously announced, are projected to generate approximately $143 million in annual in-flight gaming and online revenues for WPFH from the initial offerings, based on accepted industry analysis as well as UEG and Iowa Tribe of Oklahoma projections.

Jamie Gold WSOP Champion and WPFH Spokesperson added, "WPFH is moving at light speed in terms of partnerships and acquisitions of ?game changing technology and brands. This latest move gives us the opportunity to be the first and only real money gaming source in the sky and further. I'm truly excited to be a part of it all."

The Iowa Tribe of Oklahoma PokerTribe.com/.gov gaming portal is set to launch in the next 90 days and initially will offer live cash-casino, cash-bingo and cash-poker games online to international (non-U.S.) players. In-flight cash gaming is then set to launch in Q1 2017 on selected international airline flights, cruises and other forms of transportation. The in-flight international gaming offerings will be done through InSkyCasino.com and will be offered once an international flight in excess of two hours reaches cruising altitude. Eligible passengers (ages 21 and up) will be given the opportunity to receive complimentary Wi-Fi access for the duration of the flight for a minimum deposit of $25 into their online, real-money play, casino account offered by InSkyCasino.com, which will be operated by PokerTribe.com/.gov and software/support provided by UEG, through its contractual arrangement with the Iowa Tribe of Oklahoma. Passengers on these flights will be able to play casino games (not just poker) through their personal devices, such as smartphones, tablets, laptops, or using the inflight entertainment system at their seat.

UEG spokesperson Christina Fallin (daughter of Oklahoma Governor Mary Fallin) commented: "We are proud to be working with World Poker Fund(WPFH) and The Iowa Tribe of Oklahoma on this project. It is an extraordinary time for the State of Oklahoma. The recent federal court ruling granting the Iowa Tribe the unique gaming licenses will generate significant revenue potential that will directly benefit the people of Oklahoma through tax revenues and The Iowa Tribe and its partners. It's a win-win all around."

International, in-flight cash gaming represents an extraordinary market opportunity. This market is currently not served at all and is not included in the industry estimated $35.5 billion in annual revenues from on-line cash gaming world-wide. Over 3.5 billion passengers are expected to fly in 2016 and more than 3 billion of those are projected to be non-U.S. passengers. WPFH and its market partners through PokerTribe.com/.gov, initially will have access to 180 million of those international passengers through a single in-flight Wi-Fi provider, which controls the entertainment content on its partner airlines. UEG estimates that, even if only 20% of eligible passengers on those flights who have Wi-Fi access, choose to gamble in flight, revenues of over $808 million US would be generated annually, of which a projected $143 million in gross revenues would result to WPFH from the assets and contracts to be acquired by it from UEG. WPFH management believes that the Iowa Tribe of Oklahoma gaming web site, managed through their contractual vendor relationship with UEG, can successfully penetrate this market and expand to other international passengers and carriers after the first offering through the initial in-flight Wi-Fi provider. This is a unique and untapped market.

About World Poker Fund Holdings, Inc.(WPFH)
World Poker Fund Holdings, Inc. (WPFH) is a leading developer and operator of online and event based social gaming platforms and brands. The company is currently in the final stages of launching its two core celebrity driven social gaming brands for online poker and casino gaming at www.celebrityworld.com. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.

To learn more about World Poker Fund Holdings(WPFH) and its upcoming events, please visit www.worldpokerfund.com

Safe Harbor Statement
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

** News, Media, PR and Content distribution provided by 1-800-PublicRelations, Inc.

Investor Relations Contact
Eddie Kwong
VP Investor Relations
Direct: +1.626.466.9734
Email: investors@worldpokerfund.com

PR and Media Contact
Matthew BIRD
President
1-800-PublicRelations, Inc.
Direct: +1.646.401.4499
Main: +1.800.782.6185
Email: support@1800pr.com

Source: World Poker Fund Holdings(WPFH)

EZ2

05/20/16 8:58 AM

#112901 RE: timhyma #112787

S&PGR Rpt: US Corporate Cash Hoard Masks Increased Debt Burden

DOW JONES & COMPANY, INC. 8:24 AM ET 5/20/2016

Symbol Last Price Change
AAPL 94.2down 0 (0%)
MSFT 50.32 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/19/2016

The following is a press release from Standard & Poor's:

SAN FRANCISCO (S&P Global Ratings) May 20, 2016--Cash is on the decline and
debt is decidedly on the rise for 99% of rated U.S. corporations, says a new
report from S&P Global Ratings titled "U.S. Nonfinancial Corporates' Record
$1.84 Trillion Cash Holdings Mask A Massive $6.6 Trillion Debt Burden."


Corporate America's most lucrative layer--the top 25 of S&P Global Ratings'
universe of over 2,000 rated nonfinancial corporations--collectively hold $945
billion in cash and maintain an enviable cash-to-debt ratio of 153%. This top
1% include familiar names such as Apple Inc.(AAPL), Google Inc., and Microsoft Corp.(MSFT)
However, this group's success masks a decade-low cash-to-debt ratio of 15% (an
aggregated $900 billion in cash and $6 trillion in debt) for the vast majority
of firms in the U.S.

"This is the result of an ongoing medium-term trend we've observed over the
past five years, and it's an important credit factor to pay attention to,"
said S&P Global Ratings credit analyst Andrew Chang. "Total debt outstanding
grew by about $2.8 trillion, while cash increased by only $600 billion in the
five-year period we're discussing. In 2015 alone, total debt outstanding grew
by about $850 billion, or about 50 times that of the cash growth."

The pronounced imbalance suggests an increased probability of corporate
defaults over the next few years, particularly in the vulnerable
speculative-grade spectrum. S&P Global Ratings forecasts a cumulative 5.3%
default rate by March 2017 for speculative-grade issuers, up from 3.9% in
April 2016 and higher than the long-term average of 4.8% over the past 31
years.

In prior years, S&P Global Ratings identified the practice of "synthetic cash
repatriation," in which U.S. companies issued debt as a proxy for bringing
back overseas cash earnings. And while the top 1% of rated firms are still
pursuing this strategy, the lower 99% have a more limited range of options.

"The top 1%'s immediate concerns center on what to do with their growing cash
pile. In contrast, the bottom 99% are more focused on new financing needs and
upcoming debt maturities," said Mr. Chang. "We believe that the top 25
companies are becoming more aggressive about issuing debt. We also believe
that these companies' significant cash holdings directly benefit from the
accommodating credit markets, and more limited access would likely have
curtailed shareholder returns."

The report notes that Apple(AAPL), for instance, issued $24 billion in debt in 2015
and has already issued $16 billion in 2016 to fund its share repurchases.
Technology companies in general, which had been debt averse as recently as a
decade ago, have become prominent debt issuers. In 2015, these issuers and
their peers in the top 1% added an additional $125 billion to their total
outstanding debt, far exceeding their cash growth. Speculative-grade issuers,
on the other hand, added $190 billion of extra debt to their balance sheet
and, as a result, now hold more than $8 of debt for every $1 of cash.

The reports are available to subscribers of RatingsDirect at
www.globalcreditportal.com and at www.spcapitaliq.com. If you are not a
RatingsDirect subscriber, you may purchase copies of these reports by calling
(1) 212-438-7280 or sending an e-mail to
research_request@standardandpoors.com. Ratings information can also be found
on the S&P Global Ratings public website by using the Ratings search box
located in the left column at www.standardandpoors.com. Members of the media
may request copies of these reports by contacting the media representative
provided.

Primary Credit Analysts: Andrew Chang, San Francisco (1) 415-371-5043;
andrew.chang@spglobal.com
David C Tesher, New York (1) 212-438-2618;
david.tesher@spglobal.com
Media Contact: Olayinka Fadahunsi, New York 212-438-5095;
olayinka.fadahunsi@spglobal.com


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(END) Dow Jones Newswires
05-20-160824ET

EZ2

05/24/16 7:55 AM

#112963 RE: timhyma #112787