ITET news late today. Planetlotto debut before December 31st.
ITET : INTERSPACE ENTERPRISE INC (OTC:BB)
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Interspace Enterprises, Inc. Announces The Completion Of The PlanetLotto.com Website.
LA JOLLA, CA, Dec 10, 2001 (INTERNET WIRE via COMTEX) -- Interspace Enterprises, Inc. (OTCBB: ITET chart, msgs), announced today that the planetlotto.com website has been completed. The website will feature a progressive online Jackpot as well as a Bonus play jackpot. Additional games have been added to planetlotto.com including Instant and Hourly Jackpots as well as Bingo and scratch card games.
In compliance with the partnership agreement between Interspace Enterprises, Inc. and the International Liechtenstein Lottery foundation, the planetlotto.com website has been submitted to the appropriate regulatory authorities for legal review, the agreement states that this process will conclude on or before December 31, 2001. Upon approval, planetlotto.com will officially open for business.
Daniel P. Murphy, President and CEO, "Planetlotto.com has evolved from a concept to a reality. We have successfully built our website and integrated our business model within the parameters of the Liechtenstein Lottery. I look forward to a timely review by the International Liechtenstein Lottery Foundation and an official launch by December 31, 2001."
Interspace Enterprises, Inc., which was founded in 1998, created PlanetLotto.com, to erase the geographic boundaries that currently fragment the world lottery market, which generated $130 Billion in sales in 2000. By visiting the PlanetLotto.com site (www.planetlotto.com) and purchasing a lottery ticket, people from around the globe have the opportunity to participate in a worldwide Internet lottery with the chance to win millions of dollars. PlanetLotto.com's website is scheduled to officially launch on or before December 31, 2001.
Except for the historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission.
For more information, please visit the company Web site at www.interspaceenterprises.com or call Interspace Enterprises Investor Relations at 858-456-3539.
CONTACT: Investor Relations
Interspace Enterprises, Inc.
858-456-3539 |
