Buying ABET;
DANA POINT, Calif.--(BUSINESS WIRE)--Aug. 27, 1999--649.com Inc.
(OTC BB:ABET) said the Management is pleased to announce that they
have created a very aggressive marketing plan to market the company's
online lottery. 649.com
649.com, an online lottery provider, will soon be offering
Lottery-style games such as Pick Six Lottery. The prize will be
$5 million USD.
The marketing plan being put into effect immediately by 649.com
will include strategically placing banners on already existing high
traffic gambling specific sites and purchasing key words on the top
search engines. The web-site will be heavily promoted primarily
through the Internet.
649.com intends to continue to grow by opening additional on-line
games and acquiring and licensing proprietary on-line gaming
technology. "It is our view at 649.com, that The Internet is radically
changing traditional gaming. We can and will continue to acquire
products that are very entertaining. The Financial Times has estimated
that the Internet gaming market will yield annual net earning of
US $10.2 billion by the year 2002. We are making sure our company is
positioned properly to take advantage of that. With a chance to win
$5 million USD with 'instant draw, instant pay concept', we expect to
see some serious traffic at our site very quickly." Stated Lawrence P.
Burbridge, President.
The Web site is now open and may be accessed at
649.com. Mindquake Software, Inc is designing the Web site
and the software. The Web site is to be completed in the very near
future. Upon completion of the site the company will begin beta
testing the new software.
ABET's competitors within the Internet gaming market include
Anchor Gaming, Inc. (NASDAQ:SLOT), GTECH Holding Corp. (NYSE:GTK),
Trans World Gaming Group (OTC BB:IBET), Argosy Gaming Co. (NYSE:AGY),
International Game Technology Inc. (NYSE:IGT), Cryptologic Inc.
(NYSE:CRY), GLC Limited (NASDAQ:GLCCF), Atlantic International
Entertainment, LTD (OTC BB:IGINIF), and Global Games Corp
(OTC BB:GLOW), CasinoPirata.com (OTC BB:CSIN).
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the
statements in these press releases are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause the
Company's actual results in the future periods to differ materially
from forecasted results. These risks and uncertainties include, among
other things, product price volatility, product demand, market
competition, risk inherent in the Company's domestic and international
operations, imprecision in estimating product reserves and the
Company's ability to replace and expand its holdings.
--30--jd/mi*
CONTACT: Worldvision Financial Group, Casselberry, Fla.
Investor Relations Contact:
Orville Baldridge, 888/345-6060
Email: relations@wvfg.com
Website: wvfg.com
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