iEntertainment Network, Inc.
Prospectus Supplement Dated January 10, 2000
(To Prospectus Dated November 23, 1999)
The following paragraphs are hereby added to the disclosure under the
heading "Prospectus Summary Recent Developments" on page 3 of the prospectus:
On January 7, 2000, the Company issued a press release substantially as
follows:
iEntertainment Network, a leading provider and operator of worldwide
Internet entertainment communities, announced today it will launch a
co-branded gaming site with Red Hat, Inc.
Red Hat is a leader in open-source operating system software, services
and information and distributes the popular Red Hat Linux OS.
"This groundbreaking agreement provides iEntertainment Network with
the opportunity to access the Red Hat Linux revolution and to provide
our award-winning content to the open-source community," said Dave
Murray, iEN's V.P of Marketing. "Red Hat is the clear leader in the
open-source movement and we are eager to enter this phenomenal
market."
Under the agreement, the Red Hat Homepage will feature the "Geek
Games" (http://www.gamesforgeeks.com) site which contains a wide
variety of computer games as well as Linux gaming news updates.
iEntertainment Network will also begin developing games using Red Hat
Linux.
In recent months, iEntertainment Network has signed contracts to
provide entertainment content for Time Warner Entertainment's
ENTERTAINDOM(R) (www.entertaindom.com) site and Earthlink's Games
Arena (www.thegamesarena.com). In addition, iEntertainment Network has
increased their Internet customer base by releasing new versions of
their award-winning WarBirds and Dawn of Aces Internet flight
simulation games, launching Hearts, Spades, Pinochle, Bridge, Rummy,
Bingo eXtreme, completing their acquisition of the TheGamers.Net
entertainment service, and establishing independent Bingo servers in
both Germany and the UK.
Founded in 1994, Red Hat, Inc. is the market leader in open-source
operating system (OS) software, services and information. Along with
its award-winning open-source Red Hat Linux OS, Red Hat offers a full
line of services, including telephone support, on-site consulting,
developer training, certification programs and priority access
updates, making Red Hat a leading resource for knowledgeable,
innovative, mission-critical open-source solutions. Red Hat shares all
of its software innovations freely with the open-source community
under the GNU General Public License (GPL). The official Red Hat Linux
OS and related services are available directly from the company and
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through its partner, distributor and reseller programs. Red Hat is
based in Durham, N.C., and has offices worldwide.
On January 10, 1999, the Company issued the following press release:
iEntertainment Network announced today that company advertising
impressions increased to 135 million in the 4th quarter from 94
million in the 3rd quarter. The company credited new relationships
with EarthLink and Time Warner Entertainment as contributors to
advertising gains.
"During the fourth quarter, we launched EarthLink's Games Arena and we
also began a new partnership providing content for Time Warner
Entertainment's ENTERTAINDOM(R) site," said Dave Murray,
iEntertainment Network's V.P. of Marketing. "The Internet advertising
numbers generated from new relationships, combined with the ongoing
growth of our existing sites, has resulted in a significant increase
in our overall online advertising impressions.
In addition to the two recent business relationships, iEntertainment
Network has also released new versions of their award-winning WarBirds
and Dawn of Aces Internet flight simulations, launched 5 new card
games, 4 bingo eXtreme games and All Day Solitaire; and completed the
acquisition of The Gamers.Net entertainment service.
The company also reiterated that it has formally changed its name to
iEntertainment Network from Interactive Magic. The name change was
approved at the Company's annual meeting on December 30, 1999.
