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Non-Tech : Gambling, The Next Great Internet Industry

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To: kidl who wrote (657)	7/23/2001 7:44:23 PM
From: Herc	of 827

NORWALK, CT - July 23, 2001. eLOT, Inc. (NASDAQ:ELOTC), a provider of web-based retailing and marketing services to governmental lotteries, today announced that the company's chief executive officer, Ed McGuinn, will be testifying before a hearing of a Subcommittee of the House Committee on Financial Services on Tuesday, July 24, 2001 at 10:00 am regarding H.R. 556, The Unlawful Internet Gambling Funding Prohibition Act, and other related Internet gaming proposals. In his testimony Mr. McGuinn will provide extensive information to the Committee regarding how a state lottery ticket can be safely and securely distributed over the Internet and how the use of the latest technology can facilitate these transactions while providing strict age, border control and problem gaming restrictions. Live audio of the hearing will be available at: house.gov Also Rep. LaFalce has introduced another internet gambling credit card ban, H.R. 2579. Unlike H.R. 556, this bill has no exemption for internet gambling legally sanctioned by the states.

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