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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Gutterball who wrote (318)7/30/1998 6:08:00 PM
From: SCOOBEY-DO  Read Replies (2) of 2909
 
Hey Dan,
The following is a reply to your posting from Tom Hughes:
Dan,
Wannabet is not me nor my style. Feel free to ask Scoobey-Do for my
private phone or leave yours.
Information:
* 24 page 10K is now being reviewed by approved SEC auditor.
* Wannabet is correct that we have been contacted by an African country as regards porting PERFECT wagering and the ET&T bank host. You will see a press release and the Consulate General contact information by mid next week.
* PERFECT wagering will allow the instant transfer of winning funds back to the players bank account from the gaming operators bank and will also lend itself to local and federal taxation of the winnings.
* As regards the secure phone line, that reference must be to the SLICK (http://www.hpos.com) that bypasses the internet with bank card data and is driven by the ET&T bank host.
* Betting Inc. will begin to generate revenues from the free placement of the Pay Master terminals that people will use to shop from a printed catalog as they wait at a hotel lobby or car wash or hair salon etc. The same Pay Master will accept ATM cards with PINs that will allow a player to refund their bingo account such as globalot bingo etc. The player will be charged $6.
Regarding the next 18 months:
We are presently in discussion with a company that has the exclusive
global licensing rights to a modem technology that can bind two home phone lines into one line, and which includes a camera that will allow you to watch video images streaming in at 25 frames per second. Seamless video.
* This means that 50 bingo players or bridge players or chess players can "ante up" their respective bets into a "pot" held by the "dealer" who will charge a fee for the service. These 50 players can be at 50 different points of the country and be watching each other and the game through this new technology.
* Betting Inc. will be moving the funds as PERFECT wagers. Remember that we only facilitate, we are not a gaming operator.
* This type of "ante up" gaming is legal as no one is betting against the house and is done every day in every state at bingo halls, card clubs etc.
* Betting Inc. and this company are formulating an alliance to pursue "ante up"
* The winnings of the "ante up" players can easily be immediately taxed.
Take care,
Tom
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