SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: March 4, 1999
INTERACTIVE GAMING & COMMUNICATIONS CORP.
Delaware 33-7764-C 23-2838676
(State of (Commission File No.) (IRS Employer Identi-
incorporation or fication Number)
organization)
4070 Butler Pike, Suite 300, Plymouth Meeting, PA 19462
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (610)-941-0305
Securities registered pursuant to Section 12 (g) of the Act:
Common Stock, par value $.001 per share
Title of each class Name of each exchange on which registered
Class A Common Stock NASDAQ Bulletin Board
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 of 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
(1) Yes X No __
(2) Yes X No __
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ITEM 5. OTHER EVENTS
Registrant announces that on February 26, 1999, it signed an
agreement dated February 23, 1999, with Century Industries, I
nc., of Sterling, Virginia. The agreement which by its terms,
provides as follows:
(a) for the formation of a "joint effort" corporation
to be known as Gamblenet Technologies, Ltd., as a vehicle
for raising funds relating to the development and marketing
of Interactive Gaming & Communication's "ToteMaster" and
"StockSleuth" internet technologies;
(b) for the licensing of Interactive Gaming &
Communication's "ToteMaster" internet thoroughbred racing
software and its "StockSleuth" internet securities search
engine, to Gamblenet Technologies, the "joint effort"
company, and
(c) the issuance of four million (4,000,000) shares of
Interactive Gaming & Communications Corp. Class A common
voting stock to Gamblenet as its contribution to Gamblenet,
such share issuance thus amounting to fifty percent (50%) of
the issued and outstanding shares of Gamblenet.
The agreement, since it concerns the creation of Gamblenet as a
joint effort company, provides that should Gamblenet not
accomplish its funding purpose, both Century Industries and
Interactive Gaming & Communications can repatriate an equal
portion of their contributions made to Gamblenet Technologies.
Gamblenet Technologies has been formed in the District of Columbia.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereto duly authorized.
INTERACTIVE GAMING & COMMUNICATIONS CORP.
Registrant
/s/ MICHAEL F. SIMONE
Michael F. Simone, President
and Chief Executive Officer
Dated: March 5, 1999
