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Winners Internet Network, Inc. Announces Major World-wide Developments and Agreements
Tuesday June 8, 10:12 am Eastern Time
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 8, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR) has just completed the first round of negotiations in Europe and announces the greatest world-wide expansion of WINR software and processing to date. Negotiations have been ongoing under the auspices and direction of Dr. Peter Keppeler of the GBR Ernst & Young offices in Basel, Switzerland and the former Prime Minister and Minister of Finance for Liechtenstein, lic.iur. Markus Buchel. DDr. Reinhard Proksch of the CyberLink Group has also been included in addition to other leading financial experts from the USA and Europe. Further negotiations are continuing.
Dr. Keppeler with GBR Ernst & Young in Basel, Switzerland are world known experts in Swiss Banking and the standards for performance presentation. They were very active in updating Liechtenstein Banking and Mutual Fund regulations. Dr. Keppeler has agreed to oversee the application and implementation for the secure processing system for Internet financial institutions for the total back office management and accounting systems as offered by WINR. This new processing system will be known as SecureNet-Plus and will be linked to a new financial network to be called, ''The SecureNet-Plus Network.''
CyberLink Monetary Systems Est. has worked with WINR to develop this first separate network for integrated financial transactions. They have combined to secure domain names and registrations, which are all, followed by -plus.com. These include domains such as banking-plus.com, mutual funds-plus.com, insurances-plus.com, trading stocks-plus.com and other similar domains. This concept virtually allows the overnight expansion of direct links to all major financial markets overnight with a processing system that has proven to be a leader in handling Internet E-commerce transactions. It also provides for direct marketing of advertising space on the specific sites as they relate only to the specific area of E-Commerce interest. Dr. Keppeler indicated that many private banks in Switzerland and Liechtenstein wish to Participate in Internet Banking but the back office accounting takes time to adequately develop. The solution to be able to provide an integrated system for processing is a necessary ingredient. This system not only offers a financial institution the management and accounting for Internet Business but will tie it into the SecureNet-Plus Network for total Global access. The specific financial terms of this union between CyberLink Monetary Systems Est. and WINR to form SecureNet-Plus will contribute a significant amount to the bottom line of WINR and expand its processing and equity revenue substantially. The CyberLink Monetary System as part of this agreement has eliminated the royalty processing percentage that WINR had previously agreed to share for CyberLink contribution. Mr. Skinner stated that this alone would reduce Expenses by 40% in addition to the expanded market for both processing and advertising.
Mr. Skinner indicated that WINR would be a major owner of the SecureNet Processing Company that will be based in Europe. He stated that, ''WINR is not abandoning its direction or its public structure in any way. We will continue to pursue all areas of Internet Commerce in a very aggressive manner. This is only the first of many steps to make WINR a leader in global processing and software for Internet commerce.'' This facility will give the processing support and telephone communication in seven languages, twenty-four hours per day.
Additional processing offices are being opened in Liechtenstein with the Internet provider to insure the most expanded bandwidth and IP addresses available. It is expected that the new facility will be operational in August 1999, which will give emphasis to the most advanced technology available. In addition, WINR is being restructured to have a separate division for Programming, System Administration, Graphic Design and Processing. Research and development will also be continuing with the addition of new personnel. The executive offices for the coordination of efforts will be located in Vaduz; Liechtenstein and the new technology center will also be located in a nearby city.
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Contact:
Columbia Financial Group, Inc. 888-301-6271 |
