PWDR NEWS
POWER DIRECT INC - Legal Opinion Sets Stage For Cardstakes.Com - to become
World's First Internet Based Greeting Card - Sweepstakes Company
Toronto, Ontario, Jul. 27, 1999 (Market News Publishing via COMTEX)
-- Jack Sha, President of Power Direct, Inc., 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, NY, 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
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TEL: (604) 664-0484 Investors Relations
TEL: (604) 664-0484 Investors Relation
TEL: 1-888-488-6882
Internet: powerdirectinc.com
E-mail: ir@powerdirectinc.com
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