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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: J. Nelson who wrote (3708)	11/23/1999 6:54:00 AM
From: Theo	Read Replies (1) of 18222

NEWS biz.yahoo.com eConnect Announces $850,000 in Yearly Revenues Plus $350,000 in Assets to Result From Top Sports SA Partnership LOS ANGELES--(BUSINESS WIRE)--Nov. 23, 1999--eConnect (OTCBB:ECNC - news) announced that it has signed a letter of Intent to acquire 50 percent of the Dominican Republic business of Top Sports SA, which currently owns and operates 12 Dominican land based licensed sports books which are generating $1,700,000 in yearly revenue. The partnership plans to add an additional 48 Dominican Republic locations over the next 14 months using new laws passed in the last month by the Dominican Republic government to streamline the industry. The partnership will also focus on expanding the Top Sports SA business to include Irish and Dominican Republic homes sending Internet cash payments to a Top Sports Internet Sports Web site. A major Irish land based sports book firm, through an alliance with Top Sports SA, has agreed in principle to implement Irish-based Internet cash payments..."

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