Tuesday July 27, 9:00 am Eastern Time
Company Press Release
Legal Opinion Sets Stage for CardStakes.com to
Become World's First Internet Based Greeting Card
Sweepstakes Company
BELLINGHAM, Wash.--(BUSINESS WIRE)--July 27, 1999--Power Direct, Inc. (OTC BB:PWDR), the parent company
operating CardStakes.com, the world's first Internet based greeting card sweepstakes company, is pleased to announce that
Hall Dickler Kent Freidman & Wood of New York, N.Y., has provided a legal opinion for the operation of
www.cardstakes.com.
Hall, Dickler et al currently represent more than one hundred advertising and sales promotion agencies, ranging from small and
mid-sized firms to multinational agencies.
This opinion states that Cardstakes.com sweepstakes falls under the sweepstakes and promotion laws of the United States,
allowing residents of the United States to freely participate in sending and receiving the company's electronic greeting card,
while also enabling the recipient to play an Instant Win ticket for cash and participate in sweepstakes or huge jackpot prizes.
With the same ticket the recipient and the sender also participate in two draws, a monthly and a yearly draw. Both the monthly
and the yearly draws are shared between the sender and the recipient -- with the recipient receiving the larger share.
Herein, is a quote from the legal opinion: ''In sum, we conclude that the referenced promotion may be permissibly conducted
in all U.S. targeted jurisdictions...''
Jack Sha, President of Power Direct, Inc., commented, ''This legal opinion sets the stage for our Company to launch its
aggressive marketing campaign promoting our unique and proprietary Internet Sweepstakes Greeting Cards. The global
greeting card market is currently a $15 Billion per year industry. We feel that our quality Cardstakes.com cards, featuring
special effects, animation, music, and unique designs, and with the sweepstakes feature, will be very effective in helping us
capture a significant percentage of this very lucrative market.''
Power Direct, Inc. encourages all investors to visit their site at cardstakes.com, to see and send some of their
unique cards, register to become a beta tester and possibly win $5,000.00.
A recent research report on PWDR may be seen at wallstreetreasearch.net
On behalf of the Board of Directors
Jack Sha, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are
not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing
and evaluation of products and other risks detailed from time to time in Power Direct, Inc.'s filings with the Securities &
Exchange Commission.
POWER DIRECT, INC.
Corporate Office
4291 Meridian Street, Suite 29
Bellingham, WA 98226
Tel: 604/664-0484 Fax: 604/664-0498
Web Site: www.powerdirectinc.com
Contact:
Power Direct Inc.
Investor Relations, 604/664-0484 or 888/488-6882
ir@powerdirectinc.com
powerdirectinc.com |
