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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect
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To: LoneStar who wrote (3186)10/30/1999 10:13:00 AM
From: Jorjenzak  Read Replies (3) of 18222
 
Simple LS (by the way....majority of that post I stole from Rickf who posts on Triplewitch as Sir Lancelot....a true modern day Knight by his character, imho).

GAMBLING is ILLEGAL in the US unless you are in Nevada and have a gaming license to operate there. The internet is in the gray area regarding this, particularly offshore operation, but with the SNMM crack down and on going operations here in the US, and legislation in the House and Senate it became clear to the company that building our future on gaming alone was too risky.

BUT the focus of BETT/ECNC and vision of Tom Hughes remains the same. He is banking on the lure of instant taxation of on line gaming to woo our leaders to eventually allow some form of on line gaming in the US and he wants to be positioned to rush in with a proven system to service that market. That is why we ARE NOT out of gaming entirely.

We still operate the BetPortal which funnels those seeking online gaming sites to such site for which we make a fee for the funneling. We are still going to process gaming transactions for other gaming sites for a fee per transaction (I think we may be doing so now). We still have 777WINS. Tom has a strategic alliance with eSafe called ETTA by which we will go global out side the US to provide on line gaming and instant taxation to governments like Ireland and Australia.

But the upside is we now have expanded the vision....both globally and as to what markets our technology can service.

Now we are going to offer instant brokerage account funding....which will be in great demand a year from now due to changes in how quickly brokerages must settle trades (down from 3 to 1 day I recall). We are currently offering shopping kiosks with paymasters. Instant same as cash bill paying with the paymaster. We will offer the most secure form of same as cash online shopping with SafeTpay. On top we acquired Rogel and their JVC contract.

What...me worry! LOL
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