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Non-Tech : ISWI - International Sports Wagering

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To: Minerva who wrote (176)8/5/1999 9:41:00 PM
From: Dan Thomas  Read Replies (1) of 197
 
I didn't see one ... just from PR there are 2 in Vegas and
1 in Reno and 1 close to Reno.

Seven signed so far - 4 in actual operation.

Read PR on earnings ... lost 6 cents/share for Q1 ended 6/30/99.
Loss not as much as previous quarter. Getting better.
Maybe when trials are over, revenue stream will pick up.
Company thinks they can make it 12 months at current cash burn rate.
They project losses thru QTR ending March/2000. That was NOT
what I wanted to read. Maybe company priming the investors for
doom/gloom, then this fall have success with Sportsbooks and
turn profit ending 12/1999 - a positive surprise.

Regards,
Dan
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