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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY

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To: scouser who wrote (855)1/11/1999 1:47:00 PM
From: ocmayor   of 2909
 
PG2
The Following Profiles are Business Summaries for Betting Inc. and eBet, Inc.

prior to the announced merger

Betting, Inc. (OTC:BB: BETT)

Company Profile

The business of Betting Inc., is to pursue PERFECT wagers which are real-time personal
encrypted remote financial electronic card transaction same-as-cash electronic wagers
placed on games of chance and skill.

These transactions will originate from remote sites such as homes, offices, cars and
public locations and will be effected by mass marketed home and office and mobile
equipment that reads financial cards and which print receipts.

Betting Inc. estimates that the present $800 billion-plus global wagering industry will
reach $1 trillion by 2001 with at least 20 percent of these global wagers being placed with
home, office, mobile and Internet devices sending in same-as-cash debit ATM cards and
smart card pay-per-play transactions.

Betting Inc.'s focus is on the development of PERFECT wagers and will act as an
interface between bank host processing centers which are receiving incoming PERFECT
wagers from home, office and mobile terminals and the gaming companies who are being
paid from such PERFECT devices.

Betting, Inc., is paid a fee per transaction. The goal of eGate is to sign up both Internet
and non-Internet-related wagering wagering companies who would like to receive PERFECT transactions.

For further information on PERFECT transactions, see .

The 1997 10K will be filed with the S.E.C. by the end of January 1999.

For company information contact Carnegie Cook at 800/262-2331.
For investment information contact Thomas S. Hughes at

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