BETT has nice earnings and forward statement this morning, might not be a penny stock much longer..
"LOS ANGELES--(BUSINESS WIRE)--June 9, 1999--eConnect (OTC:BB:BETT), a fully reporting company, today announced preliminary results for May that show combined earnings of $100,000 from the wholly owned subsidiaries that constitute its eGaming division, 777WINS.com
and eSportsbet.
The eConnect revenue streams today are originating from conventional credit card payments to 777WINS.com and eSportsbet.com. Non gaming revenue generators of eConnect's eGate division business units of EzyShop and EzyPay, whereby consumers will access publicly placed eConnect terminals to either pay bills or shop from national catalogs while waiting at locations ranging from airport passenger clubs to car washes, will substantially develop over the Summer and Fall, with
particular emphasis on same-as-cash(TM) payments by debit ATM cards.
According to an eConnect spokesperson, ''Our eGaming division has enjoyed a 67% increase in earnings from the previous month. This rapid growth is in line with our expectations, and we now project that our eGaming division will have earnings exceeding $1,000,000 for this year.''
biz.yahoo.com |
