And another:
Winners Internet Network, Inc. (WINR) Announces the Signing of its First Multi-Million
Dollar Contract Implementing its Worldwide Gaming Payout System
PR Newswire, Monday, November 24, 1997 at 08:16
ST. AUGUSTINE, Fla., Nov. 24 /PRNewswire/ -- Winners Internet Network
(OTC-Bulletin Board: WINR), today announced that it has signed a contract to
provide its worldwide gaming payout structure to Telecommunication Information
System Services, N.V. (TISS). TISS is the only fully operational licensee of
the four exclusive licenses given by the Netherland Antilles government.
TISS, through its sublicensing agreements, provides telecommunication
resources and support to worldwide Gaming Casinos and Sports Wagering
facilities. WINR has recognized TISS to be the standard in the industry for
Internet gaming because of the rigorous licensing requirements established by
the government of the Netherland Antilles.
TISS currently has in operation and has provided sublicensing to
approximately 30 Sports Wagering and Casino sites. Their growth posture is
expected to provide 40 Internet Casino sites, 30 Internet Sports Wagering
sites and 20 "800" number Sports Betting sites.
WINR has developed a Global Gaming Payout System which they feel will
revolutionize both the Internet Casino and the International SportsBook method
of payout. Once on WINR's System, a player will be able to track a full
accounting of wins and losses at each licensed site. WINR intends to work
closely with all government host sites insuring adherence to all international
gaming laws and regulations.
WINR values this agreement over the next 12 months at 10 to 15 million
dollars. WINR is estimating that they will begin operations with TISS no
later than March 1st of 1998 or as soon as mid January of 1998.
For further information, contact Sandy Varney or David Skinner, Jr. at
800-358-4242 or visit their web-site at www.winr.net. Brokers and Analysts,
Contact Columbia Financial Group at 888-301-6271.
SOURCE Winners Internet Network, Inc.
-0- 11/24/97
/CONTACT: Sandy Varney or David Skinner, Jr., Winners Internet Network,
Inc., 800-358-4242, or Brokers and Analysts - Columbia Financial Group,
888-301-6271/
/Web site: winr.net.com |
