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Non-Tech : Gambling, The Next Great Internet Industry

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To: kidl who wrote (747)	10/26/2001 8:11:21 AM
From: Herc	of 827

Not to be outdone. Unfortunately ELOT's bondholders will probably be the only beneficiaries. <<eLOT Receives U.S. Patent Allowance for Internet Purchases of State Lottery Tickets NORWALK, Conn., Oct 25, 2001 /PRNewswire via COMTEX/ -- eLOT, Inc. announced today that it has received a notice of allowance of a patent covering a system and method for purchasing and receiving state lottery tickets over the Internet from the U.S. Patent and Trademark Office. eLOT has submitted the formal drawings and paid the issue fee required for the patent to be granted and expects it to be granted within 60 days. eLOT, Inc. is a leading application service provider of Internet marketing and advertising technology for state and international lotteries. The company and its eLottery Inc. subsidiary filed for reorganization under Chapter 11 of the federal bankruptcy code on October 15, 2001, and plan to file a complete reorganization plan by the end of the calendar year. In addition to the patent allowance letter, the company announced the following developments that occurred at World Meet 2001, the combined World Lottery Association and North American Association of State and Provincial Lotteries' trade show in New Mexico, October 11-15: * Demonstrated its newly created "pre-paid" card solution --- which enables Internet lottery games to be purchased at the conventional retail location (much like a long distance telephone card) and then played at home via the Internet. * Demonstration of the "eIDverifier" system, an Internet identification technology developed by Equifax, Inc. that eLOT would market as a part of its online service to overcome border control and eligibility concerns about state lottery ticket sales on the Internet. * Demonstration of a biometric password system that can determine the identity of an online lottery ticket purchaser. >>

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