TXCI news sent late today to EMail subscribers. See below.
News should be released officially soon. They just signed a big Phone card contract and now they are beefing up their on-line lottery Division. This company is going to be huge. Still time to get in at a low level. Conference call next Thursday. Stock could take off depending on the outcome.
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NORTH AMERICA'S LARGEST LOTTERY ADDED TO HITLOTTO CLUB
-New York State Lottery to Join-Powerball, The Big Game, Florida and
California HitLoTTo Lottery Club Play
San Francisco, CA (July 15, 1999): TotalAxcess.com (OTC BB: TXCI) announced
today that the New York State Lottery, North America's largest lottery
retailer, will be available for HitLoTTo® Club Card play beginning
September 1, 1999. TotalAxcess.com's proprietary HitLoTTo Club Card is the
only pre-paid phone card that offers free lottery plays as a purchase
incentive.
The Company recently announced a 500 percent increase in telecommunications
capacity to support the HitLoTTo program in anticipation of high volume
E-commerce sales driven in part by the Company's joint venture with
CPNM/Internet Marketing and distribution agreements with the IMC (Internet
Marketing Consortium).
TotalAxcess.com President and Chairman Joseph Monterosso stated, "New York
joins a distinctive group of lotteries available for free lottery play with
the HitLoTTo Club Card. More than half of all Americans play the lottery
and purchase tickets at more than 240,000 locations throughout North
America. The New York Lottery represents a huge market potential for us as
many of our current customers who purchase our pre-paid phone card have
expressed an interest in participating in the nation's largest lottery
jackpots. By bringing on the New York State Lottery, we are continuing to
make advances in our system's programming and also responding to our
customer base expressed needs."
Leading the nation and North America with fiscal year 1998 sales of $3.9
billion, the New York Lottery was founded in 1967 and has contributed more
than $15 billion in proceed allocation to statewide education.
Marketed as the "phone card that can make you rich," with the HitLoTTo Club
Card anyone can now play the largest U.S. lottery jackpots from the
convenience of their home phone and soon from their computer. The pre-paid
phone card features competitively priced long distance phone minutes and
provides free lottery play for the Florida, California, Big Game, Powerball
and beginning in September the New York Lottery games.
TotalAxcess.com has indicated a heightened focus and expansion of its
lottery related market segment with increased web marketing. The Company
has expressed plans for www.hitlotto.com to become a dominant destination
for lottery-related information, statistics and shortly direct sales of the
HitLoTTo product on more than 10 leading retail web sites that generate on
average 200 million monthly hits.
As a San Francisco-based telecommunications and internet marketing company,
TotalAxcess.com has been in operation for more than 14 years specializing
in pre-paid telecommunication, one-plus long distance and telephonic and
internet based lottery participation. The Company officially changed its
name from Group V Corporation to TotalAxcess.com on May 17th, reflecting
the Company's progression and focus into Internet marketing and E-commerce
to promote and market its pre-paid telecommunications products and
services, including the innovative HitLoTTo Club Card.
Forward-looking statements in this release are made pursuant to the "safe
harbor'' provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, continued
acceptance of the Company's products, increased levels of competition for
the Company, new products and technological changes, the Company's
dependence upon third-party suppliers, intellectual property rights and
other risks detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission.
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